The story of this market
The typical home in ZIP 40214 sells for about $250,000, or $158 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 34 days to sell. HUD's fair market rent for a two-bedroom is $979 a month.
ZIP 40214 — Louisville
The 40214 housing market remains stable with steady demand for affordable single-family homes. While inventory is limited, the market is supported by consistent employment in the logistics and manufacturing sectors. Some figures, such as specific active listing counts and precise price-cut percentages, are not published at the ZIP level and are omitted here.
This ZIP is well-suited for first-time homebuyers, working-class families, and investors seeking affordable entry points into the Louisville market. Its central location and proximity to major transit arteries make it a practical choice for commuters.
Median prices moved up 4.2% year over year.
Homes spend a median of 34 days on market with 2.8 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.1% · poverty 18.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 40214, Jefferson County KY
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the 40214 area are generally higher than the national average, with property crime being the most frequently reported issue. Local law enforcement continues to focus on community-based policing initiatives to address these trends.
Schools serving the 40214 area are part of the Jefferson County Public Schools district, which offers a mix of magnet and traditional programs. Performance varies significantly by individual school, with many institutions currently undergoing improvement initiatives.
The area is primarily at risk for localized flash flooding during heavy rainfall events, particularly in low-lying sections near drainage basins. Standard property insurance coverage is generally available, though flood insurance is recommended for specific zones.
Economic momentum is driven by proximity to the Louisville International Airport and associated logistics hubs. Development is focused on infill projects and the revitalization of existing commercial corridors.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Kentucky) — Kentucky Ad Valorem Property Tax: Property is assessed at its fair cash value (price at a fair voluntary sale). The tax is calculated by applying local and state tax rates to the assessed value.
Residents benefit from direct access to I-65 and the Watterson Expressway (I-264), providing efficient transit to downtown Louisville and major employment centers. Public transit options are available via TARC bus routes.
The area features several community parks, including Iroquois Park which offers extensive hiking trails and scenic views. Shopping and dining options are concentrated along the Dixie Highway corridor.
The rental market is characterized by steady demand from a workforce-oriented demographic. Vacancy rates remain low, and rent growth has tracked with regional inflation trends.
The local economy is anchored by logistics, healthcare, and manufacturing sectors, heavily influenced by the nearby Louisville International Airport. Employment growth is stable with a focus on regional distribution hubs.
The area is served by a robust network of highways including I-65 and I-264, facilitating regional connectivity. TARC provides public bus transit throughout the ZIP.
Development is largely focused on the modernization of existing commercial infrastructure and small-scale residential infill. No major large-scale master-planned communities are currently under construction.
The Jefferson County PVA conducts annual assessments to ensure property values reflect current market conditions. Appeals processes are available for property owners.
Parcels are subject to Jefferson County Public Schools district taxes and various municipal service districts. No major MUDs or PIDs are prevalent.
Property insurance premiums are stable, though homeowners are advised to maintain adequate coverage for wind and water damage. Market health is considered standard for the region.
Data retrieved from Census Reporter and US Census Bureau ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Kentucky Kingdom & Hurricane Bay4.34 mi
- Malibu Jack's Louisville4.411.6 mi
- Activate Games4.911 mi
- Sky Zone Trampoline Park4.115.9 mi
- Dave & Buster's Louisville410.9 mi
- Churchill Downs4.74 mi
- Kentucky Exposition Center4.44.2 mi
- Louisville Slugger Museum & Factory4.87.7 mi
- KFC Yum! Center4.57.8 mi
- Kentucky International Convention Center4.57.6 mi
- Churchill Downs4.74 mi
- Louisville Slugger Museum & Factory4.87.7 mi
- Louisville Zoo4.55.6 mi
- Lights Under Louisville4.75.5 mi
- Louisville Mega Cavern4.55.5 mi
- Louisville Slugger Museum & Factory4.87.7 mi
- Kentucky Derby Museum4.74.1 mi
- The Waverly Hills Sanatorium4.63.7 mi
- Muhammad Ali Center4.87.8 mi
- Mellwood Art Center4.68.8 mi
- Waterfront Park4.78.1 mi
- Cherokee Park4.87.7 mi
- Falls of the Ohio State Park4.69.1 mi
- Iroquois Amphitheater4.71 mi
- Waterfront Botanical Gardens4.78.6 mi
- Louisville Boat Club4.511.5 mi
- RiverPark Place Marina4.58.7 mi
- Admirals Anchor4.612.3 mi
- Jeffersonville’s Fishermans Wharf4.68.9 mi
- Topgolf Louisville411.3 mi
- Woodhaven Country Club4.78.3 mi
- Heritage Hill Golf Club4.712.1 mi
- Seneca Golf Course4.28.1 mi
- Quail Chase Golf Course3.48.6 mi
- Mall St. Matthews4.310.9 mi
- Jefferson Mall45.8 mi
- Oxmoor Center4.311.4 mi
- T.J. Maxx & HomeGoods4.49.8 mi
- Meijer4.29.7 mi
- Louisville Muhammad Ali International Airport4.33 mi
- Bowman Field4.58.3 mi
- Louisville Regional Airport Authority4.33.4 mi
- Hardin Memorial Hospital Heliport4.230.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large municipal park featuring hiking trails, an amphitheater, and scenic overlooks.
The primary commercial artery serving the area with various retail and restaurant options.
Key-figure check: median price diverges 14.0% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $215,000 (-14% vs the published ten-year series (2025)) failed independent re-validation and was reverted to the prior cycle value; the case is under review in the Command Center.