Homes for Rent in Louisville, KY: What You Need to Know
Louisville is famous for the annual Kentucky Derby, a magnet for celebrities, and the only sporting event that requires flamboyant hats and fashionable outfits.
Things to Do in Louisville
Every first Saturday of May since 1875, thousands of people arrive for the Kentucky Derby held at Churchill Downs. It’s the most prestigious annual horse race in America, and it offers one of the highest purses in the world. The two-minute horse race is the occasion for a two-week celebration called the Derby Festival featuring over 70 events.
Families love the Louisville Zoo, featuring more than 1,500 exotic animals, and the Louisville Mega Cavern, about 100 acres of underground space underneath the city. The Mega Cavern offers tram tours, guided zip line tours, and aerial rope adventure courses.
The Cost of Living in the City
Louisville, located in north-central Kentucky, has a unified jurisdiction with Jefferson County. Their combined population is 617,638. The area is an affordable place to live in, with a cost of living that’s 7.9% lower than the national average. Food and housing are also inexpensive – 28.3% and 29.9% lower than the national average, respectively. The city’s median gross rent is $812 while the median rent for a two-bedroom apartment is $1,025. The state collects a flat income tax rate of 5% and a sales tax of 6%. Kentucky is one of only six states in the U.S. to levy an inheritance tax.
Know Your Neighborhoods
Downtown’s residential community enjoys more than 100 events and festivals held downtown throughout the year. Housing options include lofts, condos, and apartments, some of which offer stunning views of the Ohio River and the Waterfront Park. If you prefer the suburbs, Douglass Hills and Crestwood are popular choices for their excellent schools, amenities, and proximity to Louisville.
A Strong Job Market
Humana, Brown-Forman, Kentucky Fried Chicken, and UPS Worldport are among the big companies based in Louisville. Other top companies are Norton Healthcare, GE Appliances, Appriss, and Morrison Healthcare. The city is also a hub for 125 food and beverage companies, including several bourbon distilleries. The food-and-beverage sector alone employs more than 15,000 people.
Schools and Higher Education
The city is home to outstanding educational institutions such as the University of Louisville with 21,430 students, Sullivan University with 3,575 students, and Bellarmine University with 3,369 students. In all, there are 71 colleges within 100 miles of Louisville.
The city has 173 public schools with an enrolment of 97,134 students. Anchorage Independent Public School and Dupont Manual High School are among the highly ranked schools in the area.