Downtown, Louisville, KY—40202
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downtown, Louisville, KY
As of Oct '25, the median home price in Downtown, Louisville, KY is $327,000, with a year-over-year change of 0.7%. This indicates that home prices in Downtown, Louisville, KY are flat. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $327,000 | 0.7% |
| Single Family | N/A | N/A |
| Condos | $339,000 | 1.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $366,000 | 0.5% |
3 Bed | $391,000 | -1.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Downtown, Louisville, KY
As of July '25, Rentcast reports the average rent in Downtown, Louisville, KY is $1,610, with a year-over-year rent change of 6.6%. Per bedroom, the median rent as of July '25 in Downtown, Louisville, KY is studios: $938, 1-bedrooms: $1,360, 2-bedrooms: $2,520. The most common rental property sizes in Downtown, Louisville, KY are 1-bedroom and 2-bedroom, accounting for 60.2% and 23.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,610 |
| Studio Rent | $913 | $938 |
| 1 Bed Rent | $1,250 | $1,360 |
| 2 Bed Rent | $1,900 | $2,520 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Downtown, Louisville, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Downtown, Louisville, KY is 90. This is a increase of 16.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $466,000 | 1.0% |
Listing Count | 14 | -30.0% |
| Listings as % of Homes | 0.4% | -30.0% |
Days on Market | 90 | 16.0% |
Demographics — Downtown, Louisville, KY
As of the latest ACS Survey released in 2023, Downtown, Louisville, KY has a population of 7,110, which has remained stable by -0.9% over the past 5 years. Downtown, Louisville, KY is a less popular place for families, as children make up 3.9% of the population. The area has a moderately educated workforce, with 26.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,110 | -0.9% |
% Under 18 | 3.9% | -56.7% |
% Seniors | 10.8% | 16.1% |
% WFH | 17.6% | 144.4% |
% w/ College Degree | 26.9% | 70.3% |
As of the latest ACS Survey released in 2023, Downtown, Louisville, KY is a predominantly white area, with 48.2% of the population identifying as white. The white population has grown by 20.2% in the last 5 years. The second most common race or ethnicity in Downtown, Louisville, KY is black, making up 36.4% of the population. Foreign-born residents account for 7.9% of the population in Downtown, Louisville, KY, and this percentage has increased by 102.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 48.2% | 20.2% |
% Black | 36.4% | -33.0% |
% Hispanic | 5.4% | 157.1% |
% Asian | 5.3% | 307.7% |
% Foreign Born | 7.9% | 102.6% |
Mortgage and Risk — Downtown, Louisville, KY
According to HUD data as of 2023, there were 17 mortgage originations in Downtown, Louisville, KY, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Downtown, Louisville, KY. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 17 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 0.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Downtown, Louisville, KY
Downtown, Louisville, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,228 |
Total Units Section 8 | 243 |
% Rentals under Section 8 | 7.5% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$100 | $1,250 | $1,150 |
| 2 Bedroom | -$500 | $1,900 | $1,400 |
| 3 Bedroom | N/A | N/A | $1,800 |
| 4 Bedroom | N/A | N/A | $2,090 |
Affordability — Downtown, Louisville, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.7 |
| Median Home Price | $327,000 |
| Median Household Income | $29,400 |