The story of this market
The typical home in ZIP 40228 sells for about $241,300, or $144 per square foot.
Prices are up +2.47% from a year ago, so sellers still have some momentum. Homes take about 49 days to sell. HUD's fair market rent for a two-bedroom is $1,250 a month.
ZIP 40228 — Louisville
The 40228 housing market shows steady appreciation and consistent demand, supported by a stable local economy and relative affordability compared to the national median. While inventory remains tight, the market is balanced by moderate sales volume and stable days-on-market figures. Figures for specific metrics like active inventory and price cuts are based on current local market activity reports.
This ZIP is well-suited for families and first-time homebuyers seeking affordable suburban housing with reasonable access to the Louisville employment core.
Median prices moved up 2.5% year over year.
Homes spend a median of 49 days on market with 3.2 months of supply — a fast-moving market.
15% 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 4.8% · poverty 9.5% — 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 6.6%/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 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 40228, 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 trends in the area are generally consistent with broader Jefferson County patterns, with localized variations in property crime rates.
Schools serving the area are part of the Jefferson County Public Schools system, which provides a diverse range of educational programming and magnet options.
The area is subject to standard regional risks including severe thunderstorms and occasional flooding, with insurance premiums reflecting typical Kentucky hazard profiles.
Economic momentum is driven by the broader Louisville metro area, with proximity to major logistics and healthcare employers providing a stable employment base.
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 I-65 or local arterials toward downtown Louisville, with average commute times reflecting typical suburban-to-urban traffic patterns.
The area features access to local community parks and is within a short drive of larger regional green spaces and shopping centers in the southern Louisville corridor.
The rental market is characterized by steady demand from a mix of long-term residents and commuters, with vacancy rates remaining relatively low.
The economy is anchored by the Louisville metro area's strengths in logistics, healthcare, and manufacturing, with major employers including UPS and various regional health systems.
The area is served by TARC bus routes and major highway corridors including I-65, facilitating access to the broader Louisville metropolitan region.
Development is primarily focused on infill residential projects and commercial revitalization along major transit corridors.
The Jefferson County Property Valuation Administrator conducts annual assessments to ensure property values align with market trends.
Parcels are subject to Jefferson County Public Schools levies and various municipal service districts.
Property insurance markets remain stable, though premiums are influenced by regional weather-related risk assessments.
Kentucky is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a standard residential property disclosure form detailing the condition of the home.
Data retrieved from Census Reporter and data.census.gov 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 Bay4.37.7 mi
- Malibu Jack's Louisville4.46.1 mi
- Activate Games4.95.8 mi
- Sky Zone Trampoline Park4.19.8 mi
- Dave & Buster's Louisville47.8 mi
- Churchill Downs4.79.2 mi
- Kentucky Exposition Center4.47.6 mi
- Louisville Slugger Museum & Factory4.811.2 mi
- KFC Yum! Center4.510.9 mi
- Kentucky International Convention Center4.510.8 mi
- Churchill Downs4.79.2 mi
- Louisville Slugger Museum & Factory4.811.2 mi
- Louisville Zoo4.56.5 mi
- Lights Under Louisville4.76.2 mi
- Louisville Mega Cavern4.56.1 mi
- Louisville Slugger Museum & Factory4.811.2 mi
- Kentucky Derby Museum4.79.2 mi
- The Waverly Hills Sanatorium4.611.6 mi
- Muhammad Ali Center4.811.1 mi
- Mellwood Art Center4.69.9 mi
- Waterfront Park4.710.7 mi
- Cherokee Park4.88.2 mi
- Iroquois Amphitheater4.78.4 mi
- Falls of the Ohio State Park4.612.3 mi
- Beckley Creek Park4.810.1 mi
- Louisville Boat Club4.511.1 mi
- RiverPark Place Marina4.510.4 mi
- Admirals Anchor4.612 mi
- Jeffersonville’s Fishermans Wharf4.611.1 mi
- Topgolf Louisville47.7 mi
- Woodhaven Country Club4.72.6 mi
- Heritage Hill Golf Club4.710.1 mi
- Seneca Golf Course4.27 mi
- Valhalla Golf Club4.811.3 mi
- Mall St. Matthews4.37.7 mi
- Jefferson Mall42.3 mi
- Oxmoor Center4.37.8 mi
- Publix Super Market at Terra Crossing4.511.8 mi
- T.J. Maxx & HomeGoods4.45.8 mi
- Louisville Muhammad Ali International Airport4.36.1 mi
- Bowman Field4.56.8 mi
- Louisville Regional Airport Authority4.37.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large municipal forest offering extensive hiking trails and outdoor recreation.
Local retail and dining hub serving the southern Louisville area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.