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Market Intelligence · KY / Louisville

Louisville, KY 40205 Housing Market

Typical home values in Louisville 40205 are $384,762, reflecting a 4.3% increase over the past year. The median list price stands at $349,950, with homes typically spending 37 days on the market as of September 2026.

Updated September 2026Median value$385K

The median home value in Louisville, KY 40205 is $385K as of September 2026, up 4.3% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 40205 range

$354K to $416K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+4.3% over 12 months

Typical home value in 40205 over the last 12 months: $369K in Sep 2025 to $385K in Sep 2026 (+4.3%).

Sep 2025$369K

Sep 2026$385K

The numbers

What is the 40205 housing market like?

Typical home value

$385K

Up4.3%YoY

Median list price

$350K

Up3.0%MoM

Days on market

37

Up15.6%MoM

Homes for sale

77

Up5.5%MoM

Price cuts

29.8%

Up16.1%MoM

New listings

32

Down11.1%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

40205 housing market forecast 2027

+1.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 40205 to rise 1.8% by September 2027.

Over the 12 months through September 2026, typical home values in 40205 rose 4.3%, per the Zillow Home Value Index.

Will home prices drop in 40205?

Zillow's forecast does not call for a drop: it expects typical home values in 40205 to rise 1.8% by September 2027, after a 4.3% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 40205 home prices compare?

  • 40205$384,762
  • Louisville$252,363
  • Kentucky$168,346
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Louisville: 31 ZIPs; Kentucky: 598 ZIPs; United States: 26,262 ZIPs).

Context

The 40205 ZIP shows steady appreciation alongside moderate listing activity. As of September 2026, there are 77 homes for sale with 32 new listings entering the market. The median days on market of 37 suggests a reasonably balanced pace of sales. However, nearly 30% of listings have seen price cuts, which indicates some sellers are adjusting expectations. For homeowners considering a sale, the underlying value trend is positive, but competition and pricing discipline will be necessary to attract buyers quickly.

Monthly payment

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20% · $76,952

Common questions

What people ask us.

What is the typical home value in 40205?

The typical home value in 40205 is $384,762, up 4.3% over the past year as of September 2026.

How long do homes typically stay on the market in 40205?

The median days on market in 40205 is 37 days as of September 2026.

How many homes are currently for sale in 40205?

There are 77 homes for sale in 40205 as of September 2026, with 32 new listings added that month.

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