The story of this market
The typical home in ZIP 40223 sells for about $298,000, or $175 per square foot.
Prices are down 3.9% from a year ago, which gives buyers more room to negotiate. Homes take about 69 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,800 a month.
ZIP 40223 — Louisville
The 40223 housing market is currently experiencing a cooling phase with a median sale price of $298,000, reflecting a 3.9% year-over-year decline. Market activity has slowed, with homes staying on the market for an average of 69 days. High interest rates and limited inventory are primary drivers of the current cautious sentiment.
This ZIP is well-suited for family buyers and commuters seeking suburban living with access to the broader Louisville metropolitan area.
Median prices moved down 3.9% year over year.
Homes spend a median of 69 days on market with 1.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 97% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.0% · poverty 5.0% — a stable, low-distress profile.
ZCTA 40223, 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.
The area is served by the Jefferson County Public Schools system, which maintains a variety of public school options for residents.
The area benefits from its proximity to major employment hubs in the Louisville metropolitan region, with ongoing residential and commercial development.
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 typically commute via major highway corridors toward the Louisville employment core.
The area features local parks and proximity to shopping and dining districts within the Louisville suburbs.
The rental market shows steady demand with a median asking rent of $1,800 per month.
The economy is driven by the broader Louisville/Jefferson County metropolitan area, which includes diverse sectors such as healthcare, logistics, and manufacturing.
The area is primarily served by regional highway networks connecting to the Louisville urban core.
Ongoing residential and commercial development continues within the suburban landscape of Jefferson County.
The Jefferson County Property Valuation Administrator (PVA) oversees the assessment of real property for tax purposes.
Parcels are subject to Jefferson County tax levies and the Jefferson County Public School district.
Data sourced from Census Bureau ZCTA profiles and local market reports.
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 Bay4.311.6 mi
- Malibu Jack's Louisville4.43.6 mi
- Activate Games4.94 mi
- Sky Zone Trampoline Park4.12.3 mi
- Dave & Buster's Louisville44.3 mi
- Churchill Downs4.712.9 mi
- Kentucky Exposition Center4.411.3 mi
- Louisville Slugger Museum & Factory4.811.8 mi
- KFC Yum! Center4.511.3 mi
- Kentucky International Convention Center4.511.4 mi
- Churchill Downs4.712.9 mi
- Louisville Slugger Museum & Factory4.811.8 mi
- Louisville Zoo4.59.5 mi
- Lights Under Louisville4.79.5 mi
- Louisville Mega Cavern4.59.5 mi
- Louisville Slugger Museum & Factory4.811.8 mi
- Kentucky Derby Museum4.712.8 mi
- The Waverly Hills Sanatorium4.618.3 mi
- Muhammad Ali Center4.811.6 mi
- Mellwood Art Center4.69.1 mi
- Waterfront Park4.710.7 mi
- Cherokee Park4.88.4 mi
- Falls of the Ohio State Park4.611.9 mi
- Beckley Creek Park4.84.7 mi
- E.P. Tom Sawyer State Park4.61.7 mi
- Louisville Boat Club4.57.5 mi
- Admirals Anchor4.67.6 mi
- Topgolf Louisville43.7 mi
- Woodhaven Country Club4.77.4 mi
- Seneca Golf Course4.27.2 mi
- Valhalla Golf Club4.84.2 mi
- Hidden Creek Golf Club4.512.1 mi
- Mall St. Matthews4.34.3 mi
- Jefferson Mall410.5 mi
- Oxmoor Center4.33.6 mi
- Publix Super Market at Terra Crossing4.52.8 mi
- T.J. Maxx & HomeGoods4.45 mi
- Louisville Muhammad Ali International Airport4.311.7 mi
- Bowman Field4.56.8 mi
- Louisville Regional Airport Authority4.311.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Various community parks serving the residential neighborhoods.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.