The story of this market
The typical home in ZIP 40245 sells for about $479,000, or $185 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 40 days to sell. HUD's fair market rent for a two-bedroom is $1,688 a month.
ZIP 40245 — Louisville
The 40245 housing market remains robust, characterized by high median household incomes and strong demand for suburban single-family homes. Inventory levels are stable, and the area continues to attract families due to its school quality and proximity to major employment hubs. While some metrics like closed sales are preliminary, the overall market sentiment remains positive with steady price appreciation.
This ZIP is ideal for families and professionals seeking suburban living with high-quality schools, convenient highway access, and proximity to Louisville's major employment centers.
Median prices moved up 2.5% year over year.
Homes spend a median of 40 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 3.0% · poverty 6.4% — 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 5.9%/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 6.1%/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 40245, 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 40245 area are generally lower than the Louisville metro average, with the community characterized by suburban safety profiles.
The area is served by highly-rated public schools within the Jefferson County Public Schools system, often cited as a primary draw for families.
The region faces standard Midwestern climate risks, including occasional severe thunderstorms and wind events; flood risk is localized to specific low-lying areas.
Economic momentum is driven by proximity to the Louisville employment core and ongoing residential expansion in the eastern Jefferson County corridor.
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 primarily commute via I-265 (Gene Snyder Freeway) and I-71, providing direct access to downtown Louisville and major suburban employment hubs.
The area features access to several local parks, golf courses, and proximity to the Parklands of Floyds Fork, offering extensive trail and green space networks.
The rental market is characterized by moderate vacancy pressure and steady demand, with a mix of single-family rentals and newer apartment developments.
The economy is anchored by healthcare, logistics, and professional services, with significant employment hubs located in nearby Louisville and the I-64 corridor.
Transportation is heavily reliant on personal vehicles, with I-265 serving as the primary arterial route for regional connectivity.
Development is focused on infill residential projects and the expansion of commercial retail space along major thoroughfares.
The Jefferson County Property Valuation Administrator (PVA) conducts annual assessments based on market value trends.
Parcels are subject to Jefferson County Public Schools taxes and various municipal service district levies.
Property insurance premiums are influenced by regional weather patterns, including wind and hail exposure common in the Ohio Valley.
Data retrieved from Census Reporter and Data Commons 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 Bay4.316.7 mi
- Malibu Jack's Louisville4.48 mi
- Activate Games4.98.5 mi
- Sky Zone Trampoline Park4.13.6 mi
- Dave & Buster's Louisville49.6 mi
- Churchill Downs4.718 mi
- Kentucky Exposition Center4.416.4 mi
- Louisville Slugger Museum & Factory4.817.2 mi
- KFC Yum! Center4.516.6 mi
- Kentucky International Convention Center4.516.8 mi
- Cinemark Tinseltown Louisville and XD4.46.6 mi
- Malibu Jack's Louisville4.48 mi
- Main Event Louisville4.25.1 mi
- Xscape Theatres Blankenbaker 164.55.2 mi
- Cinemark Mall St. Matthews and XD4.49.6 mi
- Louisville Slugger Museum & Factory4.817.2 mi
- Kentucky Derby Museum4.717.9 mi
- Muhammad Ali Center4.816.9 mi
- Mellwood Art Center4.614.4 mi
- Speed Art Museum4.717.2 mi
- Beckley Creek Park4.83.2 mi
- E.P. Tom Sawyer State Park4.66.1 mi
- Seneca Park4.712.2 mi
- Cherokee Park - Big Rock4.612.9 mi
- The Parklands of Floyds Fork4.83.3 mi
- Topgolf Louisville48.9 mi
- Woodhaven Country Club4.711.5 mi
- Valhalla Golf Club4.81.8 mi
- Seneca Golf Course4.212.4 mi
- Big Spring Country Club4.611 mi
- Mall St. Matthews4.39.5 mi
- Oxmoor Center4.38.9 mi
- Publix Super Market at Terra Crossing4.52.8 mi
- T.J. Maxx & HomeGoods4.49.9 mi
- Meijer4.210 mi
- Louisville Muhammad Ali International Airport4.316.6 mi
- Bowman Field4.512 mi
- Louisville Regional Airport Authority4.316.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A massive, donor-supported public park system featuring trails, playgrounds, and water access.
A private golf and social club serving the local community.
An open-air shopping center with major retail and dining options.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).