Hurstbourne, Louisville, KY—40245
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hurstbourne, Louisville, KY
As of Oct '25, the median home price in Hurstbourne, Louisville, KY is $469,000, with a year-over-year change of 2.6%. This indicates that home prices in Hurstbourne, Louisville, KY are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $469,000 | 2.6% |
| Single Family | $482,000 | 2.1% |
| Condos | $347,000 | 2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $309,000 | 1.6% |
2 Bed | $406,000 | 2.5% |
3 Bed | $421,000 | 2.7% |
4 Bed | $512,000 | 1.8% |
| 5 Bed | $691,000 | 1.5% |
% of Housing Stock
Rental Trends — Hurstbourne, Louisville, KY
As of July '25, Rentcast reports the average rent in Hurstbourne, Louisville, KY is $2,320, with a year-over-year rent change of -14.4%. Per bedroom, the median rent as of July '25 in Hurstbourne, Louisville, KY is 1-bedrooms: $1,440, 2-bedrooms: $1,500, 3-bedrooms: $2,260, 4-bedrooms: $2,870. The most common rental property sizes in Hurstbourne, Louisville, KY are 2-bedroom and 1-bedroom, accounting for 49.6% and 22.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,320 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,310 | $1,440 |
| 2 Bed Rent | $1,320 | $1,500 |
| 3 Bed Rent | $2,300 | $2,260 |
| 4 Bed Rent | $2,900 | $2,870 |
% of Rental Stock
Property Listings — Hurstbourne, Louisville, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Hurstbourne, Louisville, KY is 39. This is a decrease of -8.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $559,000 | 2.0% |
Listing Count | 198 | 14.0% |
| Listings as % of Homes | 0.6% | 14.0% |
Days on Market | 39 | -8.0% |
Demographics — Hurstbourne, Louisville, KY
As of the latest ACS Survey released in 2023, Hurstbourne, Louisville, KY has a population of 39,300, which has increased by 14.1% over the past 5 years. Hurstbourne, Louisville, KY is a moderately popular place for families, as children make up 22.7% of the population. The area has a highly educated workforce, with 59.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,300 | 14.1% |
% Under 18 | 22.7% | -17.8% |
% Seniors | 16.5% | 25.0% |
% WFH | 19.4% | 158.7% |
% w/ College Degree | 59.0% | 0.0% |
As of the latest ACS Survey released in 2023, Hurstbourne, Louisville, KY is a predominantly white area, with 73.8% of the population identifying as white. The white population has shrunk by 8.3% in the last 5 years. The second most common race or ethnicity in Hurstbourne, Louisville, KY is black, making up 8.4% of the population. Foreign-born residents account for 10.9% of the population in Hurstbourne, Louisville, KY, and this percentage has increased by 58.0% 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 | 73.8% | -8.3% |
% Black | 8.4% | -14.3% |
% Hispanic | 5.8% | 100.0% |
% Asian | 7.7% | 75.0% |
% Foreign Born | 10.9% | 58.0% |
Mortgage and Risk — Hurstbourne, Louisville, KY
According to HUD data as of 2023, there were 644 mortgage originations in Hurstbourne, Louisville, KY, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Hurstbourne, 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 | 644 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Hurstbourne, Louisville, KY
As of 2024, the percent of homes in Hurstbourne, Louisville, KY under the Section 8 program is 4.3%. 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 Hurstbourne, Louisville, KY, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 144 |
Total Units Section 8 | 144 |
% Rentals under Section 8 | 4.3% |
% Occupied Section 8 | 91.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $200 | $1,310 | $1,510 |
| 2 Bedroom | $500 | $1,320 | $1,820 |
| 3 Bedroom | $50 | $2,300 | $2,350 |
| 4 Bedroom | -$180 | $2,900 | $2,720 |
Affordability — Hurstbourne, Louisville, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $469,000 |
| Median Household Income | $120,000 |