Germantown, Louisville, KY—40204
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Germantown, Louisville, KY
As of Oct '25, the median home price in Germantown, Louisville, KY is $274,000, with a year-over-year change of 1.5%. This indicates that home prices in Germantown, Louisville, KY are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $274,000 | 1.5% |
| Single Family | $276,000 | 0.4% |
| Condos | $251,000 | 4.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $190,000 | 1.6% |
2 Bed | $266,000 | 0.8% |
3 Bed | $335,000 | 0.6% |
4 Bed | $568,000 | 2.9% |
| 5 Bed | $804,000 | 1.9% |
% of Housing Stock
Rental Trends — Germantown, Louisville, KY
As of July '25, Rentcast reports the average rent in Germantown, Louisville, KY is $1,420, with a year-over-year rent change of -9.6%. Per bedroom, the median rent as of July '25 in Germantown, Louisville, KY is studios: $999, 1-bedrooms: $1,090, 2-bedrooms: $1,420, 3-bedrooms: $2,270, 4-bedrooms: $2,100. The most common rental property sizes in Germantown, Louisville, KY are 1-bedroom and 2-bedroom, accounting for 45.4% and 36.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,420 |
| Studio Rent | $950 | $999 |
| 1 Bed Rent | $1,020 | $1,090 |
| 2 Bed Rent | $1,500 | $1,420 |
| 3 Bed Rent | $2,200 | $2,270 |
| 4 Bed Rent | $2,100 | $2,100 |
% of Rental Stock
Property Listings — Germantown, Louisville, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Germantown, Louisville, KY is 36. This is a increase of 9.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $314,000 | -16.0% |
Listing Count | 70 | 16.0% |
| Listings as % of Homes | 0.5% | 16.0% |
Days on Market | 36 | 9.0% |
Demographics — Germantown, Louisville, KY
As of the latest ACS Survey released in 2023, Germantown, Louisville, KY has a population of 14,000, which has decreased by -5.1% over the past 5 years. Germantown, Louisville, KY is a less popular place for families, as children make up 10.6% of the population. The area has a highly educated workforce, with 63.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,000 | -5.1% |
% Under 18 | 10.6% | -36.9% |
% Seniors | 15.8% | 37.4% |
% WFH | 17.1% | 249.0% |
% w/ College Degree | 63.0% | 29.4% |
As of the latest ACS Survey released in 2023, Germantown, Louisville, KY is a predominantly white area, with 83.9% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Germantown, Louisville, KY is black, making up 6.0% of the population. Foreign-born residents account for 4.3% of the population in Germantown, Louisville, KY, and this percentage has decreased by 2.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 83.9% | -1.1% |
% Black | 6.0% | -20.0% |
% Hispanic | 3.9% | 14.7% |
% Asian | 2.4% | 140.0% |
% Foreign Born | 4.3% | -2.3% |
Mortgage and Risk — Germantown, Louisville, KY
According to HUD data as of 2023, there were 277 mortgage originations in Germantown, Louisville, KY, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Germantown, Louisville, KY. Investor activity is low, as 7.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 277 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 7.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Germantown, Louisville, KY
As of 2024, the percent of homes in Germantown, Louisville, KY under the Section 8 program is 5.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Germantown, Louisville, KY, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 268 |
Total Units Section 8 | 161 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | 78.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $210 | $1,020 | $1,230 |
| 2 Bedroom | $0 | $1,500 | $1,500 |
| 3 Bedroom | -$270 | $2,200 | $1,930 |
| 4 Bedroom | $140 | $2,100 | $2,240 |
Affordability — Germantown, Louisville, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $274,000 |
| Median Household Income | $70,700 |