There are currently 239,301 real estate properties in Louisville, KY, with a median automated valuation model (AVM) price of $250,700.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Louisville, KY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Louisville, KY, is $294,415.00, with the most expensive house in Louisville, KY, topping out at $24,218,400.00 and the cheapest home in Louisville, KY, clocking in at $10,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Louisville, KY!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Louisville, KY, is on a rollercoaster ride. The average rent price in Louisville, KY, is $1,282.00. Indeed, when looking to rent in Louisville, KY, you can expect to pay as little as $460.00 or as much as $3,780.00, with the average rent median estimated to be $1,180.00. The good news is that finding an affordable and desirable property to rent in Louisville, KY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Louisville, KY area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Louisville, KY and much more. Save thousands at closing with home foreclosure listings in Louisville, KY — up to 75% off market value!
Louisville is located in Jefferson, Kentucky, with an estimated municipal population of 617,638 residents. All of the best foreclosed homes for sale in Louisville are located in the following zip code areas on Foreclosure.com: 40177 40245 40241 40218 40219 40214 40216 40211 40213 40059 40291 40299 40220 40223 40222 40229 40228 40023 40272 40207 40209 40258 40118 40018 40027 40225 40261 40268 40269 40281. The estimated population per square kilometer (.62 miles) in Louisville is 905.
So, about how much do homes cost in Louisville? The most recent median value of resident-owned homes in Louisville is 158,645. An estimated 60.1 percent of households in Louisville own their homes, with an average family size of 3.13. The median household income in Louisville is 53,436, with22.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Louisville, the median commute time of resident workers (in minutes) is 22.8. And last, but certainly not least, are you looking for homes to rent in Louisville? If so, the average rent price paid by renters in Louisville is 846, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Louisville, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Louisville is 37.6, split between 48.5 percent male versus 51.5 female. The percentage of residents who report being married in Louisville is 42.1, with an average family size of 3.13.
The percentage of residents who report their race in Louisville is as follows:
|Black / African American||23.6%|
|American Indian / Alaskan Native||0.2%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near Louisville? Or maybe you are searching for 55+ active adult communities in and/or near Louisville?
The percentage of residents who report their age in Louisville is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Louisville with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Louisville.
How do you know that living in -- or moving to -- Louisville is right where you need to be? Perhaps you grew up in Louisville or already live nearby; therefore, the decision to buy a home in Louisville is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Louisville for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Louisville:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Louisville.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Louisville can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Louisville, meanwhile, can field multiple offers from more qualified buyers.
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