Iroquois Park / Valley Station, Louisville, KY—40228
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Iroquois Park / Valley Station, Louisville, KY
As of Oct '25, the median home price in Iroquois Park / Valley Station, Louisville, KY is $264,000, with a year-over-year change of 4.5%. This indicates that home prices in Iroquois Park / Valley Station, 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 | $264,000 | 4.5% |
| Single Family | $280,000 | 3.7% |
| Condos | $202,000 | 6.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $214,000 | 5.9% |
2 Bed | $205,000 | 1.0% |
3 Bed | $278,000 | 3.7% |
4 Bed | $333,000 | 1.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Iroquois Park / Valley Station, Louisville, KY
As of July '25, Rentcast reports the average rent in Iroquois Park / Valley Station, Louisville, KY is $1,980, with a year-over-year rent change of 14.5%. Per bedroom, the median rent as of July '25 in Iroquois Park / Valley Station, Louisville, KY is 1-bedrooms: $1,240, 2-bedrooms: $1,310, 3-bedrooms: $1,960, 4-bedrooms: $2,470. The most common rental property sizes in Iroquois Park / Valley Station, Louisville, KY are 2-bedroom and 3-bedroom, accounting for 42.3% and 31.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,090 | $1,980 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,340 | $1,240 |
| 2 Bed Rent | $1,200 | $1,310 |
| 3 Bed Rent | $1,960 | $1,960 |
| 4 Bed Rent | $2,380 | $2,470 |
% of Rental Stock
Property Listings — Iroquois Park / Valley Station, Louisville, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Iroquois Park / Valley Station, Louisville, KY is 30. This is a increase of 21.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $317,000 | 17.0% |
Listing Count | 65 | 19.0% |
| Listings as % of Homes | 0.5% | 19.0% |
Days on Market | 30 | 21.0% |
Demographics — Iroquois Park / Valley Station, Louisville, KY
As of the latest ACS Survey released in 2023, Iroquois Park / Valley Station, Louisville, KY has a population of 18,500, which has increased by 14.3% over the past 5 years. Iroquois Park / Valley Station, Louisville, KY is a popular place for families, as children make up 25.6% of the population. The area has a moderately educated workforce, with 30.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,500 | 14.3% |
% Under 18 | 25.6% | 36.9% |
% Seniors | 16.8% | 0.0% |
% WFH | 12.3% | 146.0% |
% w/ College Degree | 30.5% | 16.0% |
As of the latest ACS Survey released in 2023, Iroquois Park / Valley Station, Louisville, KY is a predominantly white area, with 64.8% of the population identifying as white. The white population has shrunk by 16.4% in the last 5 years. The second most common race or ethnicity in Iroquois Park / Valley Station, Louisville, KY is black, making up 16.1% of the population. Foreign-born residents account for 14.0% of the population in Iroquois Park / Valley Station, Louisville, KY, and this percentage has increased by 115.4% 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 | 64.8% | -16.4% |
% Black | 16.1% | 9.5% |
% Hispanic | 10.7% | 161.0% |
% Asian | 1.2% | -7.7% |
% Foreign Born | 14.0% | 115.4% |
Mortgage and Risk — Iroquois Park / Valley Station, Louisville, KY
According to HUD data as of 2023, there were 316 mortgage originations in Iroquois Park / Valley Station, Louisville, KY, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Iroquois Park / Valley Station, Louisville, KY. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 316 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Iroquois Park / Valley Station, Louisville, KY
As of 2024, the percent of homes in Iroquois Park / Valley Station, Louisville, KY under the Section 8 program is 15.2%. 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 Iroquois Park / Valley Station, 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 | 256 |
Total Units Section 8 | 223 |
% Rentals under Section 8 | 15.2% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $1,340 | $1,360 |
| 2 Bedroom | $450 | $1,200 | $1,650 |
| 3 Bedroom | $170 | $1,960 | $2,130 |
| 4 Bedroom | $90 | $2,380 | $2,470 |
Affordability — Iroquois Park / Valley Station, Louisville, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $264,000 |
| Median Household Income | $75,800 |