The story of this market
The typical home in ZIP 40218 sells for about $228,500, or $165 per square foot.
Prices are up +4.5% from a year ago, so sellers still have some momentum. Homes take about 35 days to sell. HUD's fair market rent for a two-bedroom is $1,162 a month.
ZIP 40218 — Louisville
The 40218 housing market remains stable with moderate price appreciation driven by limited inventory and consistent demand for affordable entry-level homes. While interest rates have impacted buyer purchasing power, the area's central location and relative affordability continue to attract first-time buyers and investors.
This ZIP is well-suited for first-time homebuyers, working-class families, and commuters seeking affordable housing options with convenient access to the Louisville urban core.
Median prices moved up 4.5% year over year.
Homes spend a median of 35 days on market with 2.1 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 4.4% · poverty 14.0% — 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 6.9%/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 3.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 40218, 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 40218 area are generally consistent with broader Louisville urban trends, with property crime being the primary concern. Residents often utilize neighborhood watch programs to mitigate risks compared to more suburban Jefferson County areas.
Schools serving the area are part of the Jefferson County Public Schools (JCPS) system, which features a mix of magnet and traditional neighborhood schools with varying performance ratings.
The area is primarily inland and not prone to coastal hazards, though localized flash flooding can occur during heavy rainfall events. Standard homeowners insurance is typical, with no specific high-risk wildfire designations.
Economic momentum is driven by the broader Louisville logistics and healthcare sectors, with proximity to major transit corridors like I-264 facilitating access to regional employment hubs.
Property taxes are assessed by Jefferson County based on fair cash value, with rates determined by the state, county, and local school district levies. Homestead exemptions are available for qualifying seniors and disabled residents.
Residents benefit from direct access to the Watterson Expressway (I-264), providing efficient transit to downtown Louisville and major suburban employment centers within 15-20 minutes.
The area features several local parks and green spaces, including proximity to the Buechel area amenities and shopping centers along Bardstown Road.
The rental market is characterized by steady demand from a workforce-oriented demographic, with moderate vacancy rates and consistent rent growth aligned with the Louisville metro average.
The local economy is anchored by the Louisville metro area's diverse mix of logistics, healthcare, and manufacturing industries, with major employers including UPS and various regional hospital systems.
The area is served by TARC bus routes and is strategically located near the I-264 and I-65 interchange, supporting a car-dependent but well-connected commute.
Development activity is primarily focused on infill residential projects and commercial revitalization along existing transit corridors.
The Jefferson County Property Valuation Administrator (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 districts for fire and sanitation.
Property insurance premiums are stable, reflecting the area's low exposure to catastrophic natural disasters compared to other regions.
Data retrieved from US Census Bureau ZCTA-level 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 Bay4.34.7 mi
- Malibu Jack's Louisville4.44.5 mi
- Activate Games4.94 mi
- Sky Zone Trampoline Park4.18.9 mi
- Dave & Buster's Louisville44.5 mi
- Churchill Downs4.76.2 mi
- Kentucky Exposition Center4.44.5 mi
- Louisville Slugger Museum & Factory4.87.4 mi
- KFC Yum! Center4.57 mi
- Kentucky International Convention Center4.57 mi
- Churchill Downs4.76.2 mi
- Louisville Slugger Museum & Factory4.87.4 mi
- Louisville Zoo4.52.9 mi
- Lights Under Louisville4.72.6 mi
- Louisville Mega Cavern4.52.6 mi
- Louisville Slugger Museum & Factory4.87.4 mi
- Kentucky Derby Museum4.76.2 mi
- The Waverly Hills Sanatorium4.610.7 mi
- Muhammad Ali Center4.87.3 mi
- Mellwood Art Center4.65.9 mi
- Waterfront Park4.76.7 mi
- Cherokee Park4.84.1 mi
- Falls of the Ohio State Park4.68.3 mi
- Iroquois Amphitheater4.76.9 mi
- E.P. Tom Sawyer State Park4.68.4 mi
- Louisville Boat Club4.57.2 mi
- RiverPark Place Marina4.56.4 mi
- Admirals Anchor4.68.1 mi
- Jeffersonville’s Fishermans Wharf4.67 mi
- Topgolf Louisville44.7 mi
- Woodhaven Country Club4.72.1 mi
- Seneca Golf Course4.22.9 mi
- Valhalla Golf Club4.810.8 mi
- Quail Chase Golf Course3.46.1 mi
- Mall St. Matthews4.34.4 mi
- Jefferson Mall43.4 mi
- Oxmoor Center4.34.8 mi
- Publix Super Market at Terra Crossing4.510.5 mi
- T.J. Maxx & HomeGoods4.42.9 mi
- Louisville Muhammad Ali International Airport4.34.1 mi
- Bowman Field4.52.8 mi
- Louisville Regional Airport Authority4.34.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local community park providing green space and recreational facilities.
Major commercial artery featuring diverse retail and dining options.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).