Homes for Sale in Louisville, Kentucky: What You Need to Know
With a population of over 600,000, Louisville is one of the oldest cities west of the Appalachian Mountains. The median cost of homes in Louisville is $163,723, which is near the national average for all cities and towns. The appreciation of housing has been above average for the last decade.
The most prevalent building style is single-family homes with three or four bedrooms, followed by apartment complexes. 40% of residents rent. Average rents go for $636 for studio apartments, $727 for one-bedroom apartments, $901 for two-bedroom apartments, and $1,223 per month for three-bedroom apartments.
Know Your Neighborhoods
The city is broken down into 69 neighborhoods and 84 municipalities. Each area offers a wealth of attractions and historic architecture. The following are two of the most prominent communities.
Cherokee Gardens is rated as the Number One Best Neighborhood for Families. It's a residential area six miles from the downtown area and has a suburban feel to it. Most residents own their own homes. The area is a favorite among families because of their safe streets, kid-friendly atmosphere, and above-average school system. Many young professionals also call this area home. Home prices are higher than the median home price for Louisville, however. The current median price is around $480,000.
The Highlands is a community favored by young professionals. A majority of the residents are between the ages of 20 to 39 years old. It is a trendy area dotted with bars, coffee shops, nightclubs, and parks. Louisville's "Restaurant Row" is located here. In addition to being a dining destination for residents, it is known for its extensive collection of boutiques and is considered one of the most popular areas for local nightlife.
January and February are Louisville's coldest months, where the average temperature can reach 45° F during the day, going down to 28° F at night. The average snowfall during those months is 4 inches. July and August are the warmest months, where the average temperature is 88° F and the average low can go down to 69° F. The average rainfall during the summer months is about 4 inches.
Sports play an important part in the lives of Louisville residents. Louisville is famously known as the home of the Kentucky Derby, which is held at Churchill Downs every year during May and is attended by millions of people from all around the world. Numerous activities take place in the weeks before the race, such as air shows and fireworks displays. They have the largest fireworks display in the nation. Louisville is also home to five minor-league professional teams, consisting of baseball, women's football, and soccer.
Job Opportunities in Louisville
Manufacturing and health care are the primary industries. Job growth is steady, and hotel and hospitality jobs are plentiful due to the steady tourism. Two Fortune 500 companies make their home here, Humana and Yum Brands. The average salary of a worker is around $52,000.