The story of this market
The typical home in ZIP 40216 sells for about $225,000, or $165 per square foot.
Prices are up +4.2% 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 $945 a month.
ZIP 40216 — Louisville
The 40216 housing market remains stable with consistent demand for affordable single-family homes, driven by its central location and relative affordability. While inventory remains tight, the market is seeing steady price appreciation and a healthy sale-to-list ratio. Figures for specific metrics like months of supply and price cut percentages are based on current active listing data.
This ZIP is well-suited for first-time homebuyers, working-class families, and investors seeking affordable entry points into the Louisville market due to its accessible price points and central location.
Median prices moved up 4.2% year over year.
Homes spend a median of 28 days on market with 2.4 months of supply — a fast-moving market.
12% 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 6.4% · poverty 16.8% — a mixed stability 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 7.7%/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 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 40216, 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 40216 area are generally higher than the national average, with property crime being the most frequently reported issue in this urbanized section of Louisville.
Schools serving the area are part of the Jefferson County Public Schools system, which faces ongoing challenges regarding performance metrics and resource allocation across its diverse student population.
The area is primarily at risk for localized urban flooding during heavy rainfall events, with standard insurance coverage typically sufficient for most residential properties.
Economic momentum is driven by proximity to the Louisville industrial corridor and logistics hubs, though new residential development remains limited compared to suburban growth zones.
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 the Watterson Expressway (I-264) and Dixie Highway, providing a straightforward commute to downtown Louisville and major employment centers.
The area features several local parks and community centers, with proximity to the Ohio River waterfront and various shopping districts along the Dixie Highway corridor.
The rental market is characterized by high demand for affordable single-family homes and multi-family units, with steady rent growth and low vacancy rates.
The local economy is anchored by logistics, manufacturing, and retail sectors, benefiting from its strategic location within the Louisville metropolitan area.
The area is served by TARC bus routes and major highway corridors, facilitating transit to the broader Louisville metro region.
Development is currently focused on infill projects and the revitalization of existing commercial properties along the Dixie Highway corridor.
The Jefferson County Property Valuation Administrator manages assessments, with properties typically reassessed on a multi-year cycle.
Parcels are subject to Jefferson County Public Schools district taxes and various municipal service districts.
Property insurance premiums are stable, though coverage for older homes may require specific inspections due to the age of the housing stock.
Data retrieved from data.census.gov ZCTA 40216 profile.
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 Bay4.35.1 mi
- Malibu Jack's Louisville4.414 mi
- Activate Games4.913.4 mi
- Sky Zone Trampoline Park4.118.2 mi
- Dave & Buster's Louisville412.3 mi
- Churchill Downs4.73.7 mi
- Kentucky Exposition Center4.45.4 mi
- Louisville Slugger Museum & Factory4.86.1 mi
- KFC Yum! Center4.56.5 mi
- Kentucky International Convention Center4.56.3 mi
- Churchill Downs4.73.7 mi
- Louisville Slugger Museum & Factory4.86.1 mi
- Louisville Zoo4.57.2 mi
- Lights Under Louisville4.77.3 mi
- Louisville Mega Cavern4.57.3 mi
- Louisville Slugger Museum & Factory4.86.1 mi
- Kentucky Derby Museum4.73.8 mi
- The Waverly Hills Sanatorium4.64.2 mi
- Muhammad Ali Center4.86.4 mi
- Mellwood Art Center4.68.4 mi
- Waterfront Park4.77.1 mi
- Cherokee Park4.88.3 mi
- Falls of the Ohio State Park4.67.2 mi
- Iroquois Amphitheater4.73.8 mi
- Waterfront Botanical Gardens4.78 mi
- Louisville Boat Club4.511.2 mi
- RiverPark Place Marina4.58.1 mi
- Admirals Anchor4.612 mi
- Jeffersonville’s Fishermans Wharf4.67.9 mi
- Topgolf Louisville412.9 mi
- Woodhaven Country Club4.711.5 mi
- Chariot Run Golf Club4.812 mi
- Seneca Golf Course4.29.4 mi
- South Seas Tiki & Golf Lounge4.37.5 mi
- Mall St. Matthews4.312.3 mi
- Jefferson Mall49.7 mi
- Oxmoor Center4.313 mi
- T.J. Maxx & HomeGoods4.411.9 mi
- Meijer4.212.5 mi
- Louisville Muhammad Ali International Airport4.36 mi
- Bowman Field4.59.8 mi
- Louisville Regional Airport Authority4.35.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides recreational space and community facilities for local residents.
Major commercial artery featuring a wide variety of retail and dining options.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).