Park Hill, Louisville, KY—40203
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Park Hill, Louisville, KY
As of Oct '25, the median home price in Park Hill, Louisville, KY is $145,000, with a year-over-year change of 4.5%. This indicates that home prices in Park Hill, Louisville, KY are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $145,000 | 4.5% |
| Single Family | $147,000 | 2.8% |
| Condos | $135,000 | 13.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $90,000 | 5.9% |
2 Bed | $147,000 | 6.5% |
3 Bed | $174,000 | 3.6% |
4 Bed | $234,000 | 2.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Park Hill, Louisville, KY
As of July '25, Rentcast reports the average rent in Park Hill, Louisville, KY is $1,050, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Park Hill, Louisville, KY is studios: $678, 1-bedrooms: $863, 2-bedrooms: $1,070, 3-bedrooms: $1,420, 4-bedrooms: $1,540. The most common rental property sizes in Park Hill, Louisville, KY are 1-bedroom and 2-bedroom, accounting for 38.7% and 28.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $1,050 |
| Studio Rent | $500 | $678 |
| 1 Bed Rent | $849 | $863 |
| 2 Bed Rent | $1,000 | $1,070 |
| 3 Bed Rent | $1,350 | $1,420 |
| 4 Bed Rent | $1,590 | $1,540 |
% of Rental Stock
Property Listings — Park Hill, Louisville, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Park Hill, Louisville, KY is 45. This is a decrease of -3.0% 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 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $205,000 | -2.0% |
Listing Count | 83 | 13.0% |
| Listings as % of Homes | 0.5% | 13.0% |
Days on Market | 45 | -3.0% |
Demographics — Park Hill, Louisville, KY
As of the latest ACS Survey released in 2023, Park Hill, Louisville, KY has a population of 17,500, which has decreased by -1.5% over the past 5 years. Park Hill, Louisville, KY is a moderately popular place for families, as children make up 18.4% of the population. The area has a poorly educated workforce, with 22.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,500 | -1.5% |
% Under 18 | 18.4% | -23.3% |
% Seniors | 13.3% | 0.8% |
% WFH | 16.8% | 354.1% |
% w/ College Degree | 22.3% | 38.5% |
As of the latest ACS Survey released in 2023, Park Hill, Louisville, KY is a predominantly black area, with 49.4% of the population identifying as black. The black population has shrunk by 10.3% in the last 5 years. The second most common race or ethnicity in Park Hill, Louisville, KY is white, making up 44.0% of the population. Foreign-born residents account for 2.6% of the population in Park Hill, Louisville, KY, and this percentage has decreased by 43.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 44.0% | 13.1% |
% Black | 49.4% | -10.3% |
% Hispanic | 2.7% | 22.7% |
% Asian | 0.4% | 100.0% |
% Foreign Born | 2.6% | -43.5% |
Mortgage and Risk — Park Hill, Louisville, KY
According to HUD data as of 2023, there were 160 mortgage originations in Park Hill, Louisville, KY, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Park Hill, Louisville, KY. Investor activity is high, as 19.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 160 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 19.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Park Hill, Louisville, KY
As of 2024, the percent of homes in Park Hill, Louisville, KY under the Section 8 program is 44.4%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Park Hill, 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 | 3,902 |
Total Units Section 8 | 3,015 |
% Rentals under Section 8 | 44.4% |
% Occupied Section 8 | 89.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $121 | $849 | $970 |
| 2 Bedroom | $180 | $1,000 | $1,180 |
| 3 Bedroom | $190 | $1,350 | $1,540 |
| 4 Bedroom | $170 | $1,590 | $1,760 |
Affordability — Park Hill, Louisville, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $145,000 |
| Median Household Income | $31,400 |