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Louisville real estate market overview
- Average Monthly Rent: $1,189
- Home Price/Value Percentage Change: 5.20%
- Median Home Value: $230,102
- Best Time To Sell a Home: July
- Affordability Index: Moderate
- Days To Sell a House: 28
- Job Market: Fair
- Public School Ranking: 21
Location and weather
Louisville is the largest city in Kentucky. With a history as a port city, Louisville is on the banks of the beautiful Ohio River. With the famed Kentucky Derby each year, Louisville is synonymous with horse racing. The Kentucky State Fair is one of the oldest agricultural fairs in the country with a horse show as well attended as the Kentucky Derby. It is also where the early home of famed inventor Thomas Edison is located.
Louisville has a temperate climate. The warm season is from late May through September with average high temperatures above 79 degrees and evening lows in the low 70's. The cooler season is from late November to late February with high temperatures below 52 degrees and lows in the high 20's.
Population, job market and cost of living
The population in 2023 is 323,749 with an annual growth rate of 0.04%.
The job market has decreased by -5.29% over last year. 10-year future predicted job growth is 38.33%. The largest employers in Louisville are Health Care & Social Assistance, Manufacturing and Retail Trade. The biggest companies are KFC, Texas Roadhouse, Humana, Kindred Healthcare and Yum! Brands.
The cost of living is moderate due to the Louisville real estate market and mid-range cost of housing. With a culture of Southern charm and reputation for prestigious horse racing, growing job market, temperate climate and beautiful "Bluegrass" scenery, Louisville will continue to grow and prosper as a great place to live and work.
Louisville real estate market details
- Shawnee
- Beechmont
- Portland
- Newburg
- Buechel
The average monthly rent in Louisville is $1,189 for an average apartment size of 931 sq. feet.
There has been a 5.2% increase in median home value over the last year. As of 2023, the median home value is $230,102.
On average, homes in Louisville sell after 28 days on the market.
The best time to sell a home for the highest valued sale is during July. For the quickest sale, homeowners should sell in August.
The affordability index in Louisville is 90. This number indicates moderate affordability in this city.
The top ranked public schools are Anchorage Independent Public School, Dupont Manual High School, Greathouse Shryock Traditional, Norton Elementary School and Meyzeek Middle School. This information is based on data measuring academic performance and equity.