Highlands, Louisville, KY—40205
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Highlands, Louisville, KY
As of Oct '25, the median home price in Highlands, Louisville, KY is $368,000, with a year-over-year change of 3.8%. This indicates that home prices in Highlands, Louisville, KY are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $368,000 | 3.8% |
| Single Family | $393,000 | 3.7% |
| Condos | $188,000 | 5.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $297,000 | 5.7% |
2 Bed | $345,000 | 4.2% |
3 Bed | $396,000 | 3.1% |
4 Bed | $520,000 | 3.2% |
| 5 Bed | $707,000 | 2.5% |
% of Housing Stock
Rental Trends — Highlands, Louisville, KY
As of July '25, Rentcast reports the average rent in Highlands, Louisville, KY is $1,960, with a year-over-year rent change of 0.5%. Per bedroom, the median rent as of July '25 in Highlands, Louisville, KY is studios: $1,070, 1-bedrooms: $1,280, 2-bedrooms: $1,760, 3-bedrooms: $2,910, 4-bedrooms: $3,030. The most common rental property sizes in Highlands, Louisville, KY are 1-bedroom and 2-bedroom, accounting for 37.1% and 32.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,960 |
| Studio Rent | $800 | $1,070 |
| 1 Bed Rent | $1,050 | $1,280 |
| 2 Bed Rent | $1,500 | $1,760 |
| 3 Bed Rent | $2,200 | $2,910 |
| 4 Bed Rent | $3,000 | $3,030 |
% of Rental Stock
Property Listings — Highlands, Louisville, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Highlands, Louisville, KY is 38. This is a decrease of -7.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $419,000 | -7.0% |
Listing Count | 102 | 10.0% |
| Listings as % of Homes | 0.5% | 10.0% |
Days on Market | 38 | -7.0% |
Demographics — Highlands, Louisville, KY
As of the latest ACS Survey released in 2023, Highlands, Louisville, KY has a population of 24,300, which has remained stable by -0.1% over the past 5 years. Highlands, Louisville, KY is a moderately popular place for families, as children make up 20.1% of the population. The area has a highly educated workforce, with 65.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,300 | -0.1% |
% Under 18 | 20.1% | 22.6% |
% Seniors | 19.8% | 1.5% |
% WFH | 16.9% | 177.0% |
% w/ College Degree | 65.1% | 3.3% |
As of the latest ACS Survey released in 2023, Highlands, Louisville, KY is a predominantly white area, with 91.6% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Highlands, Louisville, KY is black, making up 2.7% of the population. Foreign-born residents account for 3.6% of the population in Highlands, Louisville, KY, and this percentage has increased by 28.6% 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 | 91.6% | -2.3% |
% Black | 2.7% | 28.6% |
% Hispanic | 2.2% | 57.1% |
% Asian | 0.8% | -20.0% |
% Foreign Born | 3.6% | 28.6% |
Mortgage and Risk — Highlands, Louisville, KY
According to HUD data as of 2023, there were 443 mortgage originations in Highlands, Louisville, KY, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Highlands, Louisville, KY. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 443 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Highlands, Louisville, KY
As of 2024, the percent of homes in Highlands, Louisville, KY under the Section 8 program is 10.1%. 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 units appear to be good home sizes to consider for Section 8 housing in Highlands, Louisville, KY, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 317 |
Total Units Section 8 | 276 |
% Rentals under Section 8 | 10.1% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $1,050 | $1,180 |
| 2 Bedroom | -$70 | $1,500 | $1,430 |
| 3 Bedroom | -$360 | $2,200 | $1,840 |
| 4 Bedroom | -$860 | $3,000 | $2,140 |
Affordability — Highlands, Louisville, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $368,000 |
| Median Household Income | $99,000 |