Shively, Louisville, KY—40216
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shively, Louisville, KY
As of Oct '25, the median home price in Shively, Louisville, KY is $201,000, with a year-over-year change of 6.4%. This indicates that home prices in Shively, Louisville, KY are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $201,000 | 6.4% |
| Single Family | $201,000 | 5.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $143,000 | 5.9% |
2 Bed | $169,000 | 6.3% |
3 Bed | $217,000 | 3.8% |
4 Bed | $227,000 | 4.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Shively, Louisville, KY
As of July '25, Rentcast reports the average rent in Shively, Louisville, KY is $1,150, with a year-over-year rent change of -0.9%. Per bedroom, the median rent as of July '25 in Shively, Louisville, KY is studios: $625, 1-bedrooms: $805, 2-bedrooms: $995, 3-bedrooms: $1,480, 4-bedrooms: $1,700. The most common rental property sizes in Shively, Louisville, KY are 2-bedroom and 1-bedroom, accounting for 43.7% and 26.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $999 | $1,150 |
| Studio Rent | $625 | $625 |
| 1 Bed Rent | $799 | $805 |
| 2 Bed Rent | $995 | $995 |
| 3 Bed Rent | $1,500 | $1,480 |
| 4 Bed Rent | $1,670 | $1,700 |
% of Rental Stock
Property Listings — Shively, Louisville, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Shively, Louisville, KY is 50. This is a increase of 29.0% 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 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 | $234,000 | 3.0% |
Listing Count | 137 | 19.0% |
| Listings as % of Homes | 0.6% | 19.0% |
Days on Market | 50 | 29.0% |
Demographics — Shively, Louisville, KY
As of the latest ACS Survey released in 2023, Shively, Louisville, KY has a population of 43,800, which has increased by 5.4% over the past 5 years. Shively, Louisville, KY is a moderately popular place for families, as children make up 23.4% of the population. The area has a poorly educated workforce, with 13.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 43,800 | 5.4% |
% Under 18 | 23.4% | 7.8% |
% Seniors | 17.5% | 12.2% |
% WFH | 8.2% | 256.5% |
% w/ College Degree | 13.5% | 8.9% |
As of the latest ACS Survey released in 2023, Shively, Louisville, KY is a predominantly black area, with 45.8% of the population identifying as black. The black population has grown by 19.9% in the last 5 years. The second most common race or ethnicity in Shively, Louisville, KY is white, making up 43.0% of the population. Foreign-born residents account for 7.9% of the population in Shively, Louisville, KY, and this percentage has increased by 64.6% 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 | 43.0% | -18.9% |
% Black | 45.8% | 19.9% |
% Hispanic | 6.4% | 33.3% |
% Asian | 1.3% | -13.3% |
% Foreign Born | 7.9% | 64.6% |
Mortgage and Risk — Shively, Louisville, KY
According to HUD data as of 2023, there were 826 mortgage originations in Shively, Louisville, KY, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Shively, Louisville, KY. Investor activity is low, as 4.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 826 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Shively, Louisville, KY
As of 2024, the percent of homes in Shively, Louisville, KY under the Section 8 program is 26.8%. 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 Shively, 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 | 1,834 |
Total Units Section 8 | 1,662 |
% Rentals under Section 8 | 26.8% |
% Occupied Section 8 | 88.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $171 | $799 | $970 |
| 2 Bedroom | $185 | $995 | $1,180 |
| 3 Bedroom | $40 | $1,500 | $1,540 |
| 4 Bedroom | $90 | $1,670 | $1,760 |
Affordability — Shively, Louisville, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $201,000 |
| Median Household Income | $50,200 |