Riverport, Louisville, KY—40242
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Riverport, Louisville, KY
As of Oct '25, the median home price in Riverport, Louisville, KY is $315,000, with a year-over-year change of 4.3%. This indicates that home prices in Riverport, 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 | $315,000 | 4.3% |
| Single Family | $333,000 | 4.4% |
| Condos | $230,000 | 2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $309,000 | 5.1% |
3 Bed | $304,000 | 2.0% |
4 Bed | $416,000 | 4.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Riverport, Louisville, KY
As of July '25, Rentcast reports the average rent in Riverport, Louisville, KY is $1,570, with a year-over-year rent change of 1.3%. Per bedroom, the median rent as of July '25 in Riverport, Louisville, KY is 1-bedrooms: $1,000, 2-bedrooms: $1,130, 3-bedrooms: $2,000, 4-bedrooms: $2,400. The most common rental property sizes in Riverport, Louisville, KY are 2-bedroom and 1-bedroom, accounting for 47.8% and 22.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,570 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $989 | $1,000 |
| 2 Bed Rent | $999 | $1,130 |
| 3 Bed Rent | $1,820 | $2,000 |
| 4 Bed Rent | $2,400 | $2,400 |
% of Rental Stock
Property Listings — Riverport, Louisville, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Riverport, Louisville, KY is 27. This is a increase of 7.0% 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 | $315,000 | -10.0% |
Listing Count | 49 | 53.0% |
| Listings as % of Homes | 0.3% | 53.0% |
Days on Market | 27 | 7.0% |
Demographics — Riverport, Louisville, KY
As of the latest ACS Survey released in 2023, Riverport, Louisville, KY has a population of 11,100, which has remained stable by 0.4% over the past 5 years. Riverport, Louisville, KY is a moderately popular place for families, as children make up 24.7% of the population. The area has a highly educated workforce, with 47.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,100 | 0.4% |
% Under 18 | 24.7% | 16.5% |
% Seniors | 18.3% | 0.0% |
% WFH | 15.9% | 278.6% |
% w/ College Degree | 47.5% | 1.3% |
As of the latest ACS Survey released in 2023, Riverport, Louisville, KY is a predominantly white area, with 71.9% of the population identifying as white. The white population has shrunk by 7.9% in the last 5 years. The second most common race or ethnicity in Riverport, Louisville, KY is black, making up 14.8% of the population. Foreign-born residents account for 11.6% of the population in Riverport, Louisville, KY, and this percentage has increased by 34.9% 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 | 71.9% | -7.9% |
% Black | 14.8% | 32.1% |
% Hispanic | 3.2% | -45.8% |
% Asian | 5.5% | 83.3% |
% Foreign Born | 11.6% | 34.9% |
Mortgage and Risk — Riverport, Louisville, KY
According to HUD data as of 2023, there were 201 mortgage originations in Riverport, Louisville, KY, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Riverport, Louisville, KY. Investor activity is low, as 4.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 201 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Riverport, Louisville, KY
As of 2024, the percent of homes in Riverport, Louisville, KY under the Section 8 program is 2.0%. 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 Riverport, Louisville, KY, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 69 |
Total Units Section 8 | 36 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $301 | $989 | $1,290 |
| 2 Bedroom | $571 | $999 | $1,570 |
| 3 Bedroom | $200 | $1,820 | $2,020 |
| 4 Bedroom | -$50 | $2,400 | $2,350 |
Affordability — Riverport, Louisville, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $315,000 |
| Median Household Income | $79,200 |