Middletown, Louisville, KY—40217
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Middletown, Louisville, KY
As of Oct '25, the median home price in Middletown, Louisville, KY is $232,000, with a year-over-year change of 5.0%. This indicates that home prices in Middletown, Louisville, KY are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $232,000 | 5.0% |
| Single Family | $233,000 | 5.0% |
| Condos | $195,000 | 11.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $196,000 | 5.4% |
2 Bed | $227,000 | 3.7% |
3 Bed | $268,000 | 3.1% |
4 Bed | $295,000 | 2.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Middletown, Louisville, KY
As of July '25, Rentcast reports the average rent in Middletown, Louisville, KY is $1,400, with a year-over-year rent change of -17.2%. Per bedroom, the median rent as of July '25 in Middletown, Louisville, KY is studios: $682, 1-bedrooms: $1,040, 2-bedrooms: $1,420, 3-bedrooms: $1,560, 4-bedrooms: $2,080. The most common rental property sizes in Middletown, Louisville, KY are 2-bedroom and 1-bedroom, accounting for 40.1% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,400 |
| Studio Rent | $799 | $682 |
| 1 Bed Rent | $895 | $1,040 |
| 2 Bed Rent | $1,400 | $1,420 |
| 3 Bed Rent | $1,500 | $1,560 |
| 4 Bed Rent | $1,950 | $2,080 |
% of Rental Stock
Property Listings — Middletown, Louisville, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Middletown, Louisville, KY is 35. This is a decrease of -9.0% 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 64.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $265,000 | 4.0% |
Listing Count | 59 | 0.0% |
| Listings as % of Homes | 0.5% | 0.0% |
Days on Market | 35 | -9.0% |
Demographics — Middletown, Louisville, KY
As of the latest ACS Survey released in 2023, Middletown, Louisville, KY has a population of 11,800, which has decreased by -6.7% over the past 5 years. Middletown, Louisville, KY is a less popular place for families, as children make up 11.5% of the population. The area has a highly educated workforce, with 48.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,800 | -6.7% |
% Under 18 | 11.5% | -21.2% |
% Seniors | 16.4% | 18.8% |
% WFH | 11.4% | 123.5% |
% w/ College Degree | 48.2% | 33.1% |
As of the latest ACS Survey released in 2023, Middletown, Louisville, KY is a predominantly white area, with 82.4% of the population identifying as white. The white population has shrunk by 7.6% in the last 5 years. The second most common race or ethnicity in Middletown, Louisville, KY is black, making up 6.5% of the population. Foreign-born residents account for 5.1% of the population in Middletown, Louisville, KY, and this percentage has increased by 59.4% 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 | 82.4% | -7.6% |
% Black | 6.5% | 22.6% |
% Hispanic | 3.4% | 36.0% |
% Asian | 2.4% | 33.3% |
% Foreign Born | 5.1% | 59.4% |
Mortgage and Risk — Middletown, Louisville, KY
According to HUD data as of 2023, there were 295 mortgage originations in Middletown, Louisville, KY, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Middletown, Louisville, KY. Investor activity is low, as 6.0% 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 | 295 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Middletown, Louisville, KY
As of 2024, the percent of homes in Middletown, Louisville, KY under the Section 8 program is 4.8%. 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 Middletown, 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 | 202 |
Total Units Section 8 | 118 |
% Rentals under Section 8 | 4.8% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $285 | $895 | $1,180 |
| 2 Bedroom | $30 | $1,400 | $1,430 |
| 3 Bedroom | $340 | $1,500 | $1,840 |
| 4 Bedroom | $190 | $1,950 | $2,140 |
Affordability — Middletown, Louisville, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $232,000 |
| Median Household Income | $68,600 |