The story of this market
The typical home in ZIP 40215 sells for about $165,000, or $135 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 28 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,049 a month.
ZIP 40215 — Louisville
The 40215 housing market remains stable with modest year-over-year price growth of 2.1%. Market activity is driven by demand for affordable entry-level housing, though inventory remains constrained. Specific ZIP-level figures for months of supply and price-cut percentages are estimated based on local market trends as official ZCTA-specific monthly reports were not available.
This ZIP is well-suited for first-time homebuyers and investors seeking entry-level price points, as well as commuters who prioritize proximity to downtown Louisville over suburban amenities.
Median prices moved up 2.1% year over year.
Homes spend a median of 28 days on market with 2.4 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 11.3% · poverty 27.7% — elevated distress and economic pressure.
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 7.6%/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
net outflow — more people moved out than in
ZCTA 40215, 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 40215 area are higher than the national average, with property crime being the most frequently reported issue in this urban sector of Louisville.
Schools serving this ZIP are part of the Jefferson County Public Schools district, which faces ongoing challenges regarding academic performance and resource allocation across its urban core.
The area is primarily at risk for localized urban flooding during heavy rainfall events; wildfire risk is negligible due to the dense urban development.
Economic momentum is driven by proximity to the University of Louisville and the industrial corridors along the I-65 and I-264 interchange, though new residential development is limited by existing density.
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 I-264, providing a 10-15 minute commute to downtown Louisville and the major employment hubs in the southern metro area.
The area features proximity to Iroquois Park, which offers extensive hiking trails and scenic overlooks, alongside local community centers and neighborhood parks.
The rental market is characterized by high demand for affordable housing, with a significant presence of small-scale investors and limited new multi-family supply.
The local economy is anchored by logistics, healthcare, and education, with significant employment provided by the nearby University of Louisville and regional distribution centers.
The area is served by TARC bus routes providing connectivity to downtown, with major highway access via I-65 and the Watterson Expressway (I-264).
Development is largely focused on the adaptive reuse of older commercial structures and infill housing to address density needs.
The Jefferson County PVA conducts annual assessments to ensure property values reflect current market conditions.
Parcels are subject to Jefferson County Public Schools district taxes and various municipal service district assessments.
Property insurance premiums are stable but reflect the regional risk profile for wind and storm damage common in the Ohio Valley.
Kentucky is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a residential property disclosure form detailing known material defects.
Data retrieved from data.census.gov ZCTA-level tables.
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 Bay4.32.3 mi
- Malibu Jack's Louisville4.411 mi
- Activate Games4.910.5 mi
- Sky Zone Trampoline Park4.115.3 mi
- Dave & Buster's Louisville49.7 mi
- Churchill Downs4.71.5 mi
- Kentucky Exposition Center4.42.5 mi
- Louisville Slugger Museum & Factory4.85.2 mi
- KFC Yum! Center4.55.4 mi
- Kentucky International Convention Center4.55.1 mi
- Churchill Downs4.71.5 mi
- Louisville Slugger Museum & Factory4.85.2 mi
- Louisville Zoo4.54.4 mi
- Lights Under Louisville4.74.4 mi
- Louisville Mega Cavern4.54.4 mi
- Louisville Slugger Museum & Factory4.85.2 mi
- Kentucky Derby Museum4.71.7 mi
- The Waverly Hills Sanatorium4.64.9 mi
- Muhammad Ali Center4.85.3 mi
- Mellwood Art Center4.66.6 mi
- Waterfront Park4.75.8 mi
- Cherokee Park4.86 mi
- Falls of the Ohio State Park4.66.6 mi
- Iroquois Amphitheater4.71.6 mi
- Waterfront Botanical Gardens4.76.4 mi
- Louisville Boat Club4.59.4 mi
- RiverPark Place Marina4.56.5 mi
- Admirals Anchor4.610.3 mi
- Jeffersonville’s Fishermans Wharf4.66.6 mi
- Topgolf Louisville410.2 mi
- Woodhaven Country Club4.78.4 mi
- Seneca Golf Course4.26.7 mi
- Quail Chase Golf Course3.410 mi
- South Seas Tiki & Golf Lounge4.35.9 mi
- Mall St. Matthews4.39.7 mi
- Jefferson Mall46.7 mi
- Oxmoor Center4.310.3 mi
- T.J. Maxx & HomeGoods4.49 mi
- Meijer4.29.5 mi
- Louisville Muhammad Ali International Airport4.32.9 mi
- Bowman Field4.57.1 mi
- Louisville Regional Airport Authority4.32.2 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 designed by Frederick Law Olmsted featuring trails and an amphitheater.
World-famous horse racing track located just north of the ZIP boundary.
Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).