Algonquin, Louisville, KY—40208
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Algonquin, Louisville, KY
As of Oct '25, the median home price in Algonquin, Louisville, KY is $139,000, with a year-over-year change of 7.2%. This indicates that home prices in Algonquin, Louisville, KY are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $139,000 | 7.2% |
| Single Family | $137,000 | 6.2% |
| Condos | $159,000 | 14.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $101,000 | 6.3% |
2 Bed | $140,000 | 6.1% |
3 Bed | $161,000 | 5.9% |
4 Bed | $204,000 | 3.0% |
| 5 Bed | $429,000 | 2.1% |
% of Housing Stock
Rental Trends — Algonquin, Louisville, KY
As of July '25, Rentcast reports the average rent in Algonquin, Louisville, KY is $1,190, with a year-over-year rent change of 11.2%. Per bedroom, the median rent as of July '25 in Algonquin, Louisville, KY is studios: $625, 1-bedrooms: $898, 2-bedrooms: $1,180, 3-bedrooms: $1,490, 4-bedrooms: $2,170. The most common rental property sizes in Algonquin, Louisville, KY are 1-bedroom and 2-bedroom, accounting for 36.1% and 24.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,190 |
| Studio Rent | $595 | $625 |
| 1 Bed Rent | $850 | $898 |
| 2 Bed Rent | $1,200 | $1,180 |
| 3 Bed Rent | $1,400 | $1,490 |
| 4 Bed Rent | $1,650 | $2,170 |
% of Rental Stock
Property Listings — Algonquin, Louisville, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Algonquin, Louisville, KY is 49. This is a increase of 14.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $176,000 | 2.0% |
Listing Count | 55 | 21.0% |
| Listings as % of Homes | 0.4% | 21.0% |
Days on Market | 49 | 14.0% |
Demographics — Algonquin, Louisville, KY
As of the latest ACS Survey released in 2023, Algonquin, Louisville, KY has a population of 15,300, which has decreased by -10.3% over the past 5 years. Algonquin, Louisville, KY is a moderately popular place for families, as children make up 15.6% of the population. The area has a moderately educated workforce, with 34.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,300 | -10.3% |
% Under 18 | 15.6% | 31.1% |
% Seniors | 7.1% | 4.4% |
% WFH | 12.6% | 186.4% |
% w/ College Degree | 34.4% | 51.5% |
As of the latest ACS Survey released in 2023, Algonquin, Louisville, KY is a predominantly white area, with 62.0% of the population identifying as white. The white population has grown by 0.5% in the last 5 years. The second most common race or ethnicity in Algonquin, Louisville, KY is black, making up 24.1% of the population. Foreign-born residents account for 5.2% of the population in Algonquin, Louisville, KY, and this percentage has increased by 10.6% 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 | 62.0% | 0.5% |
% Black | 24.1% | -17.5% |
% Hispanic | 5.8% | 65.7% |
% Asian | 1.3% | -18.8% |
% Foreign Born | 5.2% | 10.6% |
Mortgage and Risk — Algonquin, Louisville, KY
According to HUD data as of 2023, there were 162 mortgage originations in Algonquin, Louisville, KY, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Algonquin, Louisville, KY. Investor activity is low, as 14.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 162 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 14.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Algonquin, Louisville, KY
As of 2024, the percent of homes in Algonquin, Louisville, 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 and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Algonquin, Louisville, KY, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 460 |
Total Units Section 8 | 450 |
% Rentals under Section 8 | 12.1% |
% Occupied Section 8 | 87.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $850 | $970 |
| 2 Bedroom | -$20 | $1,200 | $1,180 |
| 3 Bedroom | $140 | $1,400 | $1,540 |
| 4 Bedroom | $110 | $1,650 | $1,760 |
Affordability — Algonquin, Louisville, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $139,000 |
| Median Household Income | $37,700 |