Springhurst, Louisville, KY—40213
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Springhurst, Louisville, KY
As of Oct '25, the median home price in Springhurst, Louisville, KY is $202,000, with a year-over-year change of 5.8%. This indicates that home prices in Springhurst, 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 | $202,000 | 5.8% |
| Single Family | $204,000 | 5.2% |
| Condos | $119,000 | 1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $182,000 | 3.4% |
2 Bed | $194,000 | 4.3% |
3 Bed | $220,000 | 4.3% |
4 Bed | $268,000 | 3.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Springhurst, Louisville, KY
As of July '25, Rentcast reports the average rent in Springhurst, Louisville, KY is $1,390, with a year-over-year rent change of 3.0%. Per bedroom, the median rent as of July '25 in Springhurst, Louisville, KY is studios: $1,260, 1-bedrooms: $757, 2-bedrooms: $1,420, 3-bedrooms: $1,610, 4-bedrooms: $1,440. The most common rental property sizes in Springhurst, Louisville, KY are 2-bedroom and 1-bedroom, accounting for 43.5% and 27.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,390 |
| Studio Rent | $1,260 | $1,260 |
| 1 Bed Rent | $585 | $757 |
| 2 Bed Rent | $1,100 | $1,420 |
| 3 Bed Rent | $1,400 | $1,610 |
| 4 Bed Rent | $1,420 | $1,440 |
% of Rental Stock
Property Listings — Springhurst, Louisville, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Springhurst, Louisville, KY is 39. This is a increase of 24.0% 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 46.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $245,000 | -1.0% |
Listing Count | 56 | 41.0% |
| Listings as % of Homes | 0.4% | 41.0% |
Days on Market | 39 | 24.0% |
Demographics — Springhurst, Louisville, KY
As of the latest ACS Survey released in 2023, Springhurst, Louisville, KY has a population of 15,800, which has decreased by -2.6% over the past 5 years. Springhurst, Louisville, KY is a moderately popular place for families, as children make up 21.0% of the population. The area has a moderately educated workforce, with 25.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,800 | -2.6% |
% Under 18 | 21.0% | 5.5% |
% Seniors | 14.9% | -5.7% |
% WFH | 8.5% | 157.6% |
% w/ College Degree | 25.3% | 13.5% |
As of the latest ACS Survey released in 2023, Springhurst, Louisville, KY is a predominantly white area, with 60.1% of the population identifying as white. The white population has shrunk by 13.8% in the last 5 years. The second most common race or ethnicity in Springhurst, Louisville, KY is black, making up 20.4% of the population. Foreign-born residents account for 12.2% of the population in Springhurst, Louisville, KY, and this percentage has increased by 62.7% 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 | 60.1% | -13.8% |
% Black | 20.4% | 1.5% |
% Hispanic | 18.7% | 122.6% |
% Asian | 0.3% | -66.7% |
% Foreign Born | 12.2% | 62.7% |
Mortgage and Risk — Springhurst, Louisville, KY
According to HUD data as of 2023, there were 233 mortgage originations in Springhurst, Louisville, KY, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Springhurst, Louisville, KY. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 233 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Springhurst, Louisville, KY
As of 2024, the percent of homes in Springhurst, Louisville, KY under the Section 8 program is 7.8%. 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. In Springhurst, 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 | 224 |
Total Units Section 8 | 184 |
% Rentals under Section 8 | 7.8% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $405 | $585 | $990 |
| 2 Bedroom | $100 | $1,100 | $1,200 |
| 3 Bedroom | $150 | $1,400 | $1,550 |
| 4 Bedroom | $370 | $1,420 | $1,790 |
Affordability — Springhurst, Louisville, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $202,000 |
| Median Household Income | $60,700 |