Fern Creek, Louisville, KY—40223
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fern Creek, Louisville, KY
As of Oct '25, the median home price in Fern Creek, Louisville, KY is $372,000, with a year-over-year change of 4.7%. This indicates that home prices in Fern Creek, Louisville, KY are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $372,000 | 4.7% |
| Single Family | $419,000 | 4.5% |
| Condos | $230,000 | 3.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $282,000 | 6.0% |
2 Bed | $292,000 | 2.8% |
3 Bed | $353,000 | 2.9% |
4 Bed | $502,000 | 3.9% |
| 5 Bed | $831,000 | 6.5% |
% of Housing Stock
Rental Trends — Fern Creek, Louisville, KY
As of July '25, Rentcast reports the average rent in Fern Creek, Louisville, KY is $1,800, with a year-over-year rent change of -5.3%. Per bedroom, the median rent as of July '25 in Fern Creek, Louisville, KY is studios: $1,200, 1-bedrooms: $1,160, 2-bedrooms: $1,830, 3-bedrooms: $2,070, 4-bedrooms: $2,300. The most common rental property sizes in Fern Creek, Louisville, KY are 2-bedroom and 1-bedroom, accounting for 37.5% and 34.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,800 |
| Studio Rent | $1,200 | $1,200 |
| 1 Bed Rent | $1,140 | $1,160 |
| 2 Bed Rent | $1,700 | $1,830 |
| 3 Bed Rent | $1,950 | $2,070 |
| 4 Bed Rent | $2,100 | $2,300 |
% of Rental Stock
Property Listings — Fern Creek, Louisville, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Fern Creek, Louisville, KY is 30. This is a increase of 11.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $291,000 | -20.0% |
Listing Count | 82 | 23.0% |
| Listings as % of Homes | 0.5% | 23.0% |
Days on Market | 30 | 11.0% |
Demographics — Fern Creek, Louisville, KY
As of the latest ACS Survey released in 2023, Fern Creek, Louisville, KY has a population of 23,300, which has remained stable by -0.3% over the past 5 years. Fern Creek, Louisville, KY is a moderately popular place for families, as children make up 23.0% of the population. The area has a highly educated workforce, with 57.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,300 | -0.3% |
% Under 18 | 23.0% | -3.8% |
% Seniors | 21.6% | 20.0% |
% WFH | 19.7% | 251.8% |
% w/ College Degree | 57.7% | 3.0% |
As of the latest ACS Survey released in 2023, Fern Creek, Louisville, KY is a predominantly white area, with 82.5% of the population identifying as white. The white population has grown by 1.5% in the last 5 years. The second most common race or ethnicity in Fern Creek, Louisville, KY is black, making up 7.6% of the population. Foreign-born residents account for 6.0% of the population in Fern Creek, Louisville, KY, and this percentage has decreased by 24.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.5% | 1.5% |
% Black | 7.6% | 1.3% |
% Hispanic | 4.0% | 8.1% |
% Asian | 3.2% | -20.0% |
% Foreign Born | 6.0% | -24.1% |
Mortgage and Risk — Fern Creek, Louisville, KY
According to HUD data as of 2023, there were 486 mortgage originations in Fern Creek, Louisville, KY, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Fern Creek, Louisville, KY. Investor activity is low, as 1.0% 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 | 486 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Fern Creek, Louisville, KY
As of 2024, the percent of homes in Fern Creek, Louisville, KY under the Section 8 program is 3.6%. 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 Fern Creek, 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 | 161 |
Total Units Section 8 | 106 |
% Rentals under Section 8 | 3.6% |
% Occupied Section 8 | 92.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $270 | $1,140 | $1,410 |
| 2 Bedroom | $10 | $1,700 | $1,710 |
| 3 Bedroom | $250 | $1,950 | $2,200 |
| 4 Bedroom | $460 | $2,100 | $2,560 |
Affordability — Fern Creek, Louisville, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $372,000 |
| Median Household Income | $97,000 |