Fairdale, Louisville, KY—40214
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fairdale, Louisville, KY
As of Oct '25, the median home price in Fairdale, Louisville, KY is $212,000, with a year-over-year change of 5.2%. This indicates that home prices in Fairdale, Louisville, KY are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $212,000 | 5.2% |
| Single Family | $215,000 | 4.4% |
| Condos | $144,000 | 7.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $146,000 | 4.3% |
2 Bed | $176,000 | 5.4% |
3 Bed | $230,000 | 3.6% |
4 Bed | $280,000 | 2.2% |
| 5 Bed | $363,000 | 2.0% |
% of Housing Stock
Rental Trends — Fairdale, Louisville, KY
As of July '25, Rentcast reports the average rent in Fairdale, Louisville, KY is $1,130, with a year-over-year rent change of -8.9%. Per bedroom, the median rent as of July '25 in Fairdale, Louisville, KY is 1-bedrooms: $826, 2-bedrooms: $1,070, 3-bedrooms: $1,570, 4-bedrooms: $1,830. The most common rental property sizes in Fairdale, Louisville, KY are 2-bedroom and 1-bedroom, accounting for 58.8% and 20.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,130 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $815 | $826 |
| 2 Bed Rent | $1,000 | $1,070 |
| 3 Bed Rent | $1,500 | $1,570 |
| 4 Bed Rent | $1,860 | $1,830 |
% of Rental Stock
Property Listings — Fairdale, Louisville, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Fairdale, Louisville, KY is 37. This is a increase of 4.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $276,000 | 6.0% |
Listing Count | 140 | 5.0% |
| Listings as % of Homes | 0.5% | 5.0% |
Days on Market | 37 | 4.0% |
Demographics — Fairdale, Louisville, KY
As of the latest ACS Survey released in 2023, Fairdale, Louisville, KY has a population of 46,000, which has increased by 1.4% over the past 5 years. Fairdale, Louisville, KY is a moderately popular place for families, as children make up 24.7% of the population. The area has a poorly educated workforce, with 22.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,000 | 1.4% |
% Under 18 | 24.7% | 4.2% |
% Seniors | 13.0% | -0.8% |
% WFH | 7.0% | 141.4% |
% w/ College Degree | 22.6% | 15.9% |
As of the latest ACS Survey released in 2023, Fairdale, Louisville, KY is a predominantly white area, with 51.0% of the population identifying as white. The white population has shrunk by 14.3% in the last 5 years. The second most common race or ethnicity in Fairdale, Louisville, KY is black, making up 22.2% of the population. Foreign-born residents account for 21.2% of the population in Fairdale, Louisville, KY, and this percentage has increased by 30.1% 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 | 51.0% | -14.3% |
% Black | 22.2% | 21.3% |
% Hispanic | 14.3% | 31.2% |
% Asian | 6.9% | -11.5% |
% Foreign Born | 21.2% | 30.1% |
Mortgage and Risk — Fairdale, Louisville, KY
According to HUD data as of 2023, there were 631 mortgage originations in Fairdale, Louisville, KY, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Fairdale, Louisville, KY. Investor activity is low, as 5.0% 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 | 631 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Fairdale, Louisville, KY
As of 2024, the percent of homes in Fairdale, Louisville, KY under the Section 8 program is 14.2%. 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 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Fairdale, Louisville, KY, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,279 |
Total Units Section 8 | 1,231 |
% Rentals under Section 8 | 14.2% |
% Occupied Section 8 | 89.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $185 | $815 | $1,000 |
| 2 Bedroom | $210 | $1,000 | $1,210 |
| 3 Bedroom | $60 | $1,500 | $1,560 |
| 4 Bedroom | -$50 | $1,860 | $1,810 |
Affordability — Fairdale, Louisville, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $212,000 |
| Median Household Income | $53,600 |