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  5. /Springhurst, Louisville, KY - 40213

Springhurst, Louisville, KY—40213

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$210,000
0.6% YoY Growth
Household Income
$60,700
43.1% YoY Growth
Days on Market
37
15.0% Longer YoY
Home Price Forecast
1.2%
Median Rent
$1,400
3.0% YoY Growth
1-Bed Rent
$585
25.8% YoY Growth
2-Bed Rent
$1,100
20.3% YoY Growth
3-Bed Rent
$1,400
5.2% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Springhurst, Louisville, KY

As of May '26, the median home price in Springhurst, Louisville, KY is $210,000, with a year-over-year change of 0.6%. This indicates that home prices in Springhurst, Louisville, KY are flat. 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 TypeMedian Home ValueYoY % Change
All Homes
$210,0000.6%
Single Family $212,000-0.5%
Condos $118,000-9.9%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
  • N/A
    N/A
    2 Bed
    $199,0000.5%
    3 Bed
    $227,0001.8%
    4 Bed
    $275,0001.1%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    2.5%
    1 Bedroom
    11.2%
    2 Bedrooms
    34.0%
    3 Bedrooms
    39.5%
    4 Bedrooms
    11.4%
    5+ Bedrooms
    1.3%

    Rental Trends — Springhurst, Louisville, KY

    As of July '25, Rentcast reports the average rent in Springhurst, Louisville, KY is $1,390, with a year-over-year rent change of 3.0%. Per bedroom, the median rent as of July '25 in Springhurst, Louisville, KY is studios: $1,260, 1-bedrooms: $757, 2-bedrooms: $1,420, 3-bedrooms: $1,610, 4-bedrooms: $1,440. The most common rental property sizes in Springhurst, Louisville, KY are 2-bedroom and 1-bedroom, accounting for 43.5% and 27.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,400$1,390
    Studio Rent $1,260$1,260
    1 Bed Rent $585$757
    2 Bed Rent $1,100$1,420
    3 Bed Rent $1,400$1,610
    4 Bed Rent $1,420$1,440
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    % of Rental Stock

    Studio
    4.7%
    1 Bedroom
    27.9%
    2 Bedrooms
    43.5%
    3 Bedrooms
    18.8%
    4 Bedrooms
    5.1%

    Property Listings — Springhurst, Louisville, KY

    As of May '26, Realtor.com reports that the median days on market for a home in Springhurst, Louisville, KY is 37. This is a increase of 15.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    $228,000-4.0%
    Listing Count
    4924.0%
    Listings as % of Homes0.4%24.0%
    Days on Market
    3715.0%
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    Demographics — Springhurst, Louisville, KY

    As of the latest ACS Survey released in 2023, Springhurst, Louisville, KY has a population of 15,800, which has decreased by -2.6% over the past 5 years. Springhurst, Louisville, KY is a moderately popular place for families, as children make up 21.0% of the population. The area has a moderately educated workforce, with 25.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    15,800-2.6%
    % Under 18
    21.0%5.5%
    % Seniors
    14.9%-5.7%
    % WFH
    8.5%157.6%
    % w/ College Degree
    25.3%13.5%
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    As of the latest ACS Survey released in 2023, Springhurst, Louisville, KY is a predominantly white area, with 60.1% of the population identifying as white. The white population has shrunk by 13.8% in the last 5 years. The second most common race or ethnicity in Springhurst, Louisville, KY is black, making up 20.4% of the population. Foreign-born residents account for 12.2% of the population in Springhurst, Louisville, KY, and this percentage has increased by 62.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    60.1%-13.8%
    % Black
    20.4%1.5%
    % Hispanic
    18.7%122.6%
    % Asian
    0.3%-66.7%
    % Foreign Born
    12.2%62.7%
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    Mortgage and Risk — Springhurst, Louisville, KY

    According to HUD data as of 2023, there were 233 mortgage originations in Springhurst, Louisville, KY, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Springhurst, Louisville, KY. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    233
    % Conventional Loans
    79.0%
    % Government Loans
    21.0%
    % Investor Loans
    3.0%
    % Second Loans
    1.0%
    % Cash Out Refinance
    10.0%
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    Rentals and Section 8 — Springhurst, Louisville, KY

    As of 2024, the percent of homes in Springhurst, Louisville, KY under the Section 8 program is 7.8%. 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 Springhurst, 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
    224
    Total Units Section 8
    184
    % Rentals under Section 8
    7.8%
    % Occupied Section 8
    89.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$405$585$990
    2 Bedroom$100$1,100$1,200
    3 Bedroom$150$1,400$1,550
    4 Bedroom$370$1,420$1,790

    Affordability — Springhurst, Louisville, KY

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3
    Median Home Price$210,000
    Median Household Income$60,700

    Springhurst, Louisville, KY — ZIP Code Boundary Map

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    Frequently Asked Questions