The story of this market
The typical home in ZIP 40241 sells for about $412,500, or $185 per square foot.
Prices are up +10.75% from a year ago, so sellers still have some momentum. Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $1,465 a month.
ZIP 40241 — Louisville
The 40241 housing market remains resilient with steady year-over-year price growth of 10.75%, driven by low inventory and high demand for suburban housing. While interest rates have tempered buyer activity, the area's strong school ratings and proximity to major employment hubs continue to support property values. The market is currently balanced, with a moderate supply of homes and consistent sale-to-list ratios.
This ZIP is ideal for families and professionals seeking suburban living with high-quality amenities, proximity to top-tier schools, and convenient access to Louisville's major employment corridors.
Median prices moved up 10.8% year over year.
Homes spend a median of 38 days on market with 2.8 months of supply — a fast-moving market.
22% 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 5.1% — 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 6.0%/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 6.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 40241, 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 40241 area are generally considered lower than the broader Louisville-Jefferson County metro average, with suburban residential pockets maintaining stable safety profiles.
The area is served by the Jefferson County Public Schools system, with several highly-rated public and private school options available in the immediate vicinity.
The region is primarily at risk for wind and storm damage associated with regional weather patterns; flood risk is localized to specific low-lying areas near regional creeks.
The area benefits from proximity to major employment hubs in eastern Louisville and ongoing commercial development along the Brownsboro Road corridor.
Property taxes are assessed by the Jefferson County Property Valuation Administrator; the rate includes state, county, and municipal levies, with additional special district taxes for fire and sanitation services.
Residents typically commute via I-71 or US-42, providing direct access to downtown Louisville and the suburban employment centers of the East End.
The area features proximity to E.P. Tom Sawyer State Park, various golf courses, and extensive retail and dining options at the Paddock Shops.
The rental market is characterized by high demand for suburban single-family homes and luxury apartment complexes, with steady rent growth driven by limited vacancy.
The local economy is anchored by healthcare, logistics, and professional services, with significant employment provided by nearby corporate campuses and the Louisville medical district.
The area is primarily car-dependent, with major highway access via I-71 and I-265; public transit options are limited compared to the urban core.
Development is focused on mixed-use residential and commercial infill projects along the major arterial roads.
The Jefferson County Property Valuation Administrator conducts annual assessments based on market value, with a focus on maintaining equity across residential classes.
Parcels are subject to Jefferson County Public Schools, various fire protection districts, and municipal service districts depending on the specific city incorporation.
Property insurance premiums are stable but reflect regional exposure to severe weather events, including wind and hail.
Data retrieved from data.census.gov ZCTA 40241 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 Bay4.311.6 mi
- Malibu Jack's Louisville4.45.9 mi
- Activate Games4.96.1 mi
- Sky Zone Trampoline Park4.15.5 mi
- Dave & Buster's Louisville44.5 mi
- Churchill Downs4.712.6 mi
- Kentucky Exposition Center4.411.3 mi
- Louisville Slugger Museum & Factory4.810.6 mi
- KFC Yum! Center4.510.1 mi
- Kentucky International Convention Center4.510.3 mi
- Churchill Downs4.712.6 mi
- Louisville Slugger Museum & Factory4.810.6 mi
- Louisville Zoo4.59.7 mi
- Lights Under Louisville4.79.8 mi
- Louisville Mega Cavern4.59.8 mi
- Louisville Slugger Museum & Factory4.810.6 mi
- Kentucky Derby Museum4.712.5 mi
- The Waverly Hills Sanatorium4.618.6 mi
- Muhammad Ali Center4.810.4 mi
- Mellwood Art Center4.67.9 mi
- Waterfront Park4.79.4 mi
- Cherokee Park4.87.9 mi
- Falls of the Ohio State Park4.610.3 mi
- Beckley Creek Park4.88 mi
- E.P. Tom Sawyer State Park4.61.7 mi
- Louisville Boat Club4.55.5 mi
- Admirals Anchor4.65.3 mi
- Topgolf Louisville44.3 mi
- Woodhaven Country Club4.79.4 mi
- Seneca Golf Course4.27.2 mi
- Hidden Creek Golf Club4.59.2 mi
- Valhalla Golf Club4.87 mi
- Mall St. Matthews4.34.6 mi
- Jefferson Mall412.2 mi
- Oxmoor Center4.34.2 mi
- Publix Super Market at Terra Crossing4.54.7 mi
- T.J. Maxx & HomeGoods4.46.3 mi
- Louisville Muhammad Ali International Airport4.312.3 mi
- Bowman Field4.57 mi
- Louisville Regional Airport Authority4.312 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large state park offering sports facilities, trails, and community events.
Open-air shopping center with major retailers and dining.
Private golf and social club serving the local community.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).