Lake Forest / Wolf Creek, Louisville, KY—40299
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lake Forest / Wolf Creek, Louisville, KY
As of Oct '25, the median home price in Lake Forest / Wolf Creek, Louisville, KY is $326,000, with a year-over-year change of 2.8%. This indicates that home prices in Lake Forest / Wolf Creek, 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 | $326,000 | 2.8% |
| Single Family | $338,000 | 2.4% |
| Condos | $257,000 | 3.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $246,000 | 5.6% |
2 Bed | $270,000 | 3.4% |
3 Bed | $331,000 | 2.2% |
4 Bed | $420,000 | 3.2% |
| 5 Bed | $546,000 | 1.7% |
% of Housing Stock
Rental Trends — Lake Forest / Wolf Creek, Louisville, KY
As of July '25, Rentcast reports the average rent in Lake Forest / Wolf Creek, Louisville, KY is $1,880, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Lake Forest / Wolf Creek, Louisville, KY is studios: $1,500, 1-bedrooms: $1,160, 2-bedrooms: $1,580, 3-bedrooms: $2,060, 4-bedrooms: $2,230. The most common rental property sizes in Lake Forest / Wolf Creek, Louisville, KY are 1-bedroom and 2-bedroom, accounting for 35.4% and 32.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $1,880 |
| Studio Rent | $1,500 | $1,500 |
| 1 Bed Rent | $1,290 | $1,160 |
| 2 Bed Rent | $1,350 | $1,580 |
| 3 Bed Rent | $2,100 | $2,060 |
| 4 Bed Rent | $2,200 | $2,230 |
% of Rental Stock
Property Listings — Lake Forest / Wolf Creek, Louisville, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Lake Forest / Wolf Creek, Louisville, KY is 31. This is a decrease of -18.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $363,000 | -11.0% |
Listing Count | 179 | 29.0% |
| Listings as % of Homes | 0.6% | 29.0% |
Days on Market | 31 | -18.0% |
Demographics — Lake Forest / Wolf Creek, Louisville, KY
As of the latest ACS Survey released in 2023, Lake Forest / Wolf Creek, Louisville, KY has a population of 41,700, which has increased by 2.2% over the past 5 years. Lake Forest / Wolf Creek, Louisville, KY is a moderately popular place for families, as children make up 23.7% of the population. The area has a moderately educated workforce, with 41.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,700 | 2.2% |
% Under 18 | 23.7% | -3.7% |
% Seniors | 18.3% | 13.0% |
% WFH | 13.7% | 163.5% |
% w/ College Degree | 41.4% | 2.5% |
As of the latest ACS Survey released in 2023, Lake Forest / Wolf Creek, Louisville, KY is a predominantly white area, with 79.4% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Lake Forest / Wolf Creek, Louisville, KY is black, making up 11.3% of the population. Foreign-born residents account for 7.3% of the population in Lake Forest / Wolf Creek, Louisville, KY, and this percentage has increased by 30.4% 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 | 79.4% | -1.2% |
% Black | 11.3% | 6.6% |
% Hispanic | 4.7% | 20.5% |
% Asian | 1.8% | -28.0% |
% Foreign Born | 7.3% | 30.4% |
Mortgage and Risk — Lake Forest / Wolf Creek, Louisville, KY
According to HUD data as of 2023, there were 811 mortgage originations in Lake Forest / Wolf Creek, Louisville, KY, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Lake Forest / Wolf Creek, Louisville, KY. Investor activity is low, as 2.0% 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 | 811 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Lake Forest / Wolf Creek, Louisville, KY
As of 2024, the percent of homes in Lake Forest / Wolf Creek, Louisville, KY under the Section 8 program is 9.1%. 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. 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Lake Forest / Wolf Creek, Louisville, KY, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 434 |
Total Units Section 8 | 393 |
% Rentals under Section 8 | 9.1% |
% Occupied Section 8 | 89.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $1,290 | $1,280 |
| 2 Bedroom | $210 | $1,350 | $1,560 |
| 3 Bedroom | -$90 | $2,100 | $2,010 |
| 4 Bedroom | $130 | $2,200 | $2,330 |
Affordability — Lake Forest / Wolf Creek, Louisville, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $326,000 |
| Median Household Income | $85,400 |