Seneca Gardens, Louisville, KY—40215
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Seneca Gardens, Louisville, KY
As of Oct '25, the median home price in Seneca Gardens, Louisville, KY is $138,000, with a year-over-year change of 8.5%. This indicates that home prices in Seneca Gardens, Louisville, KY are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $138,000 | 8.5% |
| Single Family | $138,000 | 7.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $110,000 | 5.8% |
2 Bed | $132,000 | 7.3% |
3 Bed | $163,000 | 7.2% |
4 Bed | $175,000 | 5.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Seneca Gardens, Louisville, KY
As of July '25, Rentcast reports the average rent in Seneca Gardens, Louisville, KY is $1,180, with a year-over-year rent change of 8.3%. Per bedroom, the median rent as of July '25 in Seneca Gardens, Louisville, KY is 1-bedrooms: $981, 2-bedrooms: $1,000, 3-bedrooms: $1,360, 4-bedrooms: $1,440. The most common rental property sizes in Seneca Gardens, Louisville, KY are 2-bedroom and 3-bedroom, accounting for 50.0% and 23.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,180 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $900 | $981 |
| 2 Bed Rent | $925 | $1,000 |
| 3 Bed Rent | $1,350 | $1,360 |
| 4 Bed Rent | $1,280 | $1,440 |
% of Rental Stock
Property Listings — Seneca Gardens, Louisville, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Seneca Gardens, Louisville, KY is 37. This is a increase of 41.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $160,000 | -2.0% |
Listing Count | 92 | 50.0% |
| Listings as % of Homes | 0.7% | 50.0% |
Days on Market | 37 | 41.0% |
Demographics — Seneca Gardens, Louisville, KY
As of the latest ACS Survey released in 2023, Seneca Gardens, Louisville, KY has a population of 19,400, which has decreased by -6.0% over the past 5 years. Seneca Gardens, Louisville, KY is a popular place for families, as children make up 26.5% of the population. The area has a poorly educated workforce, with 12.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,400 | -6.0% |
% Under 18 | 26.5% | -2.2% |
% Seniors | 11.4% | 17.5% |
% WFH | 6.5% | 225.0% |
% w/ College Degree | 12.8% | 33.3% |
As of the latest ACS Survey released in 2023, Seneca Gardens, Louisville, KY is a predominantly white area, with 50.6% of the population identifying as white. The white population has shrunk by 7.3% in the last 5 years. The second most common race or ethnicity in Seneca Gardens, Louisville, KY is black, making up 33.2% of the population. Foreign-born residents account for 8.7% of the population in Seneca Gardens, Louisville, KY, and this percentage has increased by 27.9% 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 | 50.6% | -7.3% |
% Black | 33.2% | 8.5% |
% Hispanic | 6.5% | -9.7% |
% Asian | 2.0% | 5.3% |
% Foreign Born | 8.7% | 27.9% |
Mortgage and Risk — Seneca Gardens, Louisville, KY
According to HUD data as of 2023, there were 312 mortgage originations in Seneca Gardens, Louisville, KY, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Seneca Gardens, Louisville, KY. Investor activity is low, as 10.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 312 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 10.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Seneca Gardens, Louisville, KY
As of 2024, the percent of homes in Seneca Gardens, Louisville, KY under the Section 8 program is 25.2%. 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 Seneca Gardens, 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 | 1,154 |
Total Units Section 8 | 1,120 |
% Rentals under Section 8 | 25.2% |
% Occupied Section 8 | 90.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $110 | $900 | $1,010 |
| 2 Bedroom | $305 | $925 | $1,230 |
| 3 Bedroom | $240 | $1,350 | $1,590 |
| 4 Bedroom | $560 | $1,280 | $1,840 |
Affordability — Seneca Gardens, Louisville, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $138,000 |
| Median Household Income | $42,800 |