Southwest Jefferson County, Louisville, KY—40258
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Southwest Jefferson County, Louisville, KY
As of Oct '25, the median home price in Southwest Jefferson County, Louisville, KY is $220,000, with a year-over-year change of 6.2%. This indicates that home prices in Southwest Jefferson County, 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 | $220,000 | 6.2% |
| Single Family | $220,000 | 5.8% |
| Condos | $219,000 | 5.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $155,000 | 9.2% |
2 Bed | $193,000 | 5.5% |
3 Bed | $233,000 | 4.0% |
4 Bed | $270,000 | 3.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Southwest Jefferson County, Louisville, KY
As of July '25, Rentcast reports the average rent in Southwest Jefferson County, Louisville, KY is $1,360, with a year-over-year rent change of -6.8%. Per bedroom, the median rent as of July '25 in Southwest Jefferson County, Louisville, KY is 1-bedrooms: $865, 2-bedrooms: $965, 3-bedrooms: $1,680, 4-bedrooms: $1,920. The most common rental property sizes in Southwest Jefferson County, Louisville, KY are 3-bedroom and 2-bedroom, accounting for 39.0% and 38.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,360 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $865 |
| 2 Bed Rent | $895 | $965 |
| 3 Bed Rent | $1,650 | $1,680 |
| 4 Bed Rent | $1,840 | $1,920 |
% of Rental Stock
Property Listings — Southwest Jefferson County, Louisville, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Southwest Jefferson County, Louisville, KY is 45. This is a increase of 8.0% 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 | $238,000 | -2.0% |
Listing Count | 91 | -10.0% |
| Listings as % of Homes | 0.6% | -10.0% |
Days on Market | 45 | 8.0% |
Demographics — Southwest Jefferson County, Louisville, KY
As of the latest ACS Survey released in 2023, Southwest Jefferson County, Louisville, KY has a population of 26,600, which has decreased by -1.3% over the past 5 years. Southwest Jefferson County, Louisville, KY is a moderately popular place for families, as children make up 22.0% of the population. The area has a poorly educated workforce, with 14.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,600 | -1.3% |
% Under 18 | 22.0% | -7.6% |
% Seniors | 16.1% | 10.3% |
% WFH | 10.4% | 235.5% |
% w/ College Degree | 14.8% | 4.2% |
As of the latest ACS Survey released in 2023, Southwest Jefferson County, Louisville, KY is a predominantly white area, with 66.7% of the population identifying as white. The white population has shrunk by 11.8% in the last 5 years. The second most common race or ethnicity in Southwest Jefferson County, Louisville, KY is black, making up 22.7% of the population. Foreign-born residents account for 4.9% of the population in Southwest Jefferson County, Louisville, KY, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 66.7% | -11.8% |
% Black | 22.7% | 38.4% |
% Hispanic | 5.4% | 25.6% |
% Asian | 0.4% | -63.6% |
% Foreign Born | 4.9% | 0.0% |
Mortgage and Risk — Southwest Jefferson County, Louisville, KY
According to HUD data as of 2023, there were 574 mortgage originations in Southwest Jefferson County, Louisville, KY, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Southwest Jefferson County, Louisville, KY. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 574 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Southwest Jefferson County, Louisville, KY
As of 2024, the percent of homes in Southwest Jefferson County, Louisville, KY under the Section 8 program is 12.0%. 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. In Southwest Jefferson County, 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 | 454 |
Total Units Section 8 | 453 |
% Rentals under Section 8 | 12.0% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $260 | $850 | $1,110 |
| 2 Bedroom | $455 | $895 | $1,350 |
| 3 Bedroom | $90 | $1,650 | $1,740 |
| 4 Bedroom | $180 | $1,840 | $2,020 |
Affordability — Southwest Jefferson County, Louisville, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $220,000 |
| Median Household Income | $66,300 |