Windy Hills, Louisville, KY—40212
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Windy Hills, Louisville, KY
As of Oct '25, the median home price in Windy Hills, Louisville, KY is $86,000, with a year-over-year change of 5.3%. This indicates that home prices in Windy Hills, Louisville, KY are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $86,000 | 5.3% |
| Single Family | $85,000 | 3.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $67,000 | 3.1% |
2 Bed | $88,000 | 4.8% |
3 Bed | $109,000 | 3.8% |
4 Bed | $131,000 | 4.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Windy Hills, Louisville, KY
As of July '25, Rentcast reports the average rent in Windy Hills, Louisville, KY is $1,090, with a year-over-year rent change of 4.8%. Per bedroom, the median rent as of July '25 in Windy Hills, Louisville, KY is 1-bedrooms: $764, 2-bedrooms: $904, 3-bedrooms: $1,100, 4-bedrooms: $1,280. The most common rental property sizes in Windy Hills, Louisville, KY are 2-bedroom and 3-bedroom, accounting for 37.2% and 27.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,090 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $775 | $764 |
| 2 Bed Rent | $900 | $904 |
| 3 Bed Rent | $1,080 | $1,100 |
| 4 Bed Rent | $1,320 | $1,280 |
% of Rental Stock
Property Listings — Windy Hills, Louisville, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Windy Hills, Louisville, KY is 43. This is a increase of 13.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $126,000 | 3.0% |
Listing Count | 99 | 47.0% |
| Listings as % of Homes | 0.8% | 47.0% |
Days on Market | 43 | 13.0% |
Demographics — Windy Hills, Louisville, KY
As of the latest ACS Survey released in 2023, Windy Hills, Louisville, KY has a population of 15,200, which has decreased by -13.3% over the past 5 years. Windy Hills, Louisville, KY is a moderately popular place for families, as children make up 23.8% of the population. The area has a poorly educated workforce, with 12.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,200 | -13.3% |
% Under 18 | 23.8% | -16.5% |
% Seniors | 16.8% | 40.0% |
% WFH | 9.9% | 182.9% |
% w/ College Degree | 12.7% | 67.1% |
As of the latest ACS Survey released in 2023, Windy Hills, Louisville, KY is a predominantly black area, with 59.6% of the population identifying as black. The black population has grown by 1.0% in the last 5 years. The second most common race or ethnicity in Windy Hills, Louisville, KY is white, making up 37.1% of the population. Foreign-born residents account for 0.7% of the population in Windy Hills, Louisville, KY, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 37.1% | 6.0% |
% Black | 59.6% | 1.0% |
% Hispanic | 1.1% | -21.4% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.7% | 0.0% |
Mortgage and Risk — Windy Hills, Louisville, KY
According to HUD data as of 2023, there were 141 mortgage originations in Windy Hills, Louisville, KY, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Windy Hills, Louisville, KY. Investor activity is high, as 16.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 141 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 16.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Windy Hills, Louisville, KY
As of 2024, the percent of homes in Windy Hills, Louisville, KY under the Section 8 program is 36.4%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Windy Hills, Louisville, KY, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 1,209 |
Total Units Section 8 | 1,139 |
% Rentals under Section 8 | 36.4% |
% Occupied Section 8 | 88.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $195 | $775 | $970 |
| 2 Bedroom | $280 | $900 | $1,180 |
| 3 Bedroom | $460 | $1,080 | $1,540 |
| 4 Bedroom | $440 | $1,320 | $1,760 |
Affordability — Windy Hills, Louisville, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $86,000 |
| Median Household Income | $35,400 |