Shepherdsville, KY—40165
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shepherdsville, KY
As of Oct '25, the median home price in Shepherdsville, KY is $292,000, with a year-over-year change of 4.2%. This indicates that home prices in Shepherdsville, KY are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $292,000 | 4.2% |
| Single Family | $292,000 | 3.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $220,000 | 5.3% |
3 Bed | $291,000 | 3.9% |
4 Bed | $377,000 | 3.6% |
| 5 Bed | $457,000 | 3.4% |
% of Housing Stock
Rental Trends — Shepherdsville, KY
As of July '25, Rentcast reports the average rent in Shepherdsville, KY is $1,590, with a year-over-year rent change of 2.6%. Per bedroom, the median rent as of July '25 in Shepherdsville, KY is 1-bedrooms: $883, 2-bedrooms: $1,400, 3-bedrooms: $1,760, 4-bedrooms: $2,260. The most common rental property sizes in Shepherdsville, KY are 2-bedroom and 3-bedroom, accounting for 44.7% and 27.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,680 | $1,590 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $883 |
| 2 Bed Rent | $1,400 | $1,400 |
| 3 Bed Rent | $1,770 | $1,760 |
| 4 Bed Rent | $2,280 | $2,260 |
% of Rental Stock
Property Listings — Shepherdsville, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Shepherdsville, KY is 45. This is a increase of 17.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $367,000 | 4.0% |
Listing Count | 125 | 20.0% |
| Listings as % of Homes | 0.7% | 20.0% |
Days on Market | 45 | 17.0% |
Demographics — Shepherdsville, KY
As of the latest ACS Survey released in 2023, Shepherdsville, KY has a population of 38,500, which has increased by 8.7% over the past 5 years. Shepherdsville, KY is a moderately popular place for families, as children make up 22.4% of the population. The area has a poorly educated workforce, with 17.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,500 | 8.7% |
% Under 18 | 22.4% | 12.0% |
% Seniors | 17.3% | 8.8% |
% WFH | 8.9% | 196.7% |
% w/ College Degree | 17.8% | 25.4% |
As of the latest ACS Survey released in 2023, Shepherdsville, KY is a predominantly white area, with 93.0% 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 Shepherdsville, KY is black, making up 2.1% of the population. Foreign-born residents account for 2.0% of the population in Shepherdsville, KY, and this percentage has increased by 66.7% 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 | 93.0% | -1.2% |
% Black | 2.1% | 200.0% |
% Hispanic | 1.7% | -26.1% |
% Asian | 0.9% | 28.6% |
% Foreign Born | 2.0% | 66.7% |
Mortgage and Risk — Shepherdsville, KY
According to HUD data as of 2023, there were 936 mortgage originations in Shepherdsville, KY, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Shepherdsville, KY. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 936 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Shepherdsville, KY
As of 2024, the percent of homes in Shepherdsville, KY under the Section 8 program is 12.1%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Shepherdsville, KY, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 345 |
Total Units Section 8 | 345 |
% Rentals under Section 8 | 12.1% |
% Occupied Section 8 | 73.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $850 | $1,010 |
| 2 Bedroom | -$170 | $1,400 | $1,230 |
| 3 Bedroom | -$180 | $1,770 | $1,590 |
| 4 Bedroom | -$440 | $2,280 | $1,840 |
Affordability — Shepherdsville, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $292,000 |
| Median Household Income | $77,100 |