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Market Intelligence · KY / Louisville

Louisville, KY 40206 Housing Market

The typical home value in Louisville's 40206 ZIP is $285,228, up 0.5% over the past year. The median list price stands at $252,500, with homes taking a median of 53 days to sell as of September 2026.

Updated September 2026Median value$285K

The median home value in Louisville, KY 40206 is $285K as of September 2026, up 0.5% 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 40206 range

$262K to $308K

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

+0.5% over 12 months

Typical home value in 40206 over the last 12 months: $284K in Sep 2025 to $285K in Sep 2026 (+0.5%).

Sep 2025$284K

Sep 2026$285K

The numbers

What is the 40206 housing market like?

Typical home value

$285K

Up0.5%YoY

Median list price

$253K

Down2.8%MoM

Days on market

53

Up20.5%MoM

Homes for sale

83

Down2.4%MoM

Price cuts

25.7%

Down1.0%MoM

New listings

32

Flat0.0%MoM

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

The outlook

40206 housing market forecast 2027

+1.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 40206 to rise 1.6% by September 2027.

Over the 12 months through September 2026, typical home values in 40206 rose 0.5%, per the Zillow Home Value Index.

Will home prices drop in 40206?

Zillow's forecast does not call for a drop: it expects typical home values in 40206 to rise 1.6% by September 2027, after a 0.5% 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 40206 home prices compare?

  • 40206$285,228
  • 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

As of September 2026, there are 83 homes for sale in 40206, with 32 new listings entered the market. The median days on market of 53 suggests steady but unhurried buyer activity. A quarter of all listings, specifically 25.7%, have already seen price reductions, indicating some sellers are adjusting expectations. The modest 0.5% year-over-year appreciation in typical home value points to a stable market that is neither heating up nor cooling down. For sellers, this is a balanced market where pricing strategy and home condition matter more than market momentum alone.

Monthly payment

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20% · $57,046

Common questions

What people ask us.

How much is a typical home worth in 40206?

The typical home value in 40206 is $285,228 as of September 2026, up 0.5% over the past year.

How long do homes take to sell in 40206?

The median days on market in 40206 is 53 days as of September 2026.

What is the median list price in 40206?

The median list price in 40206 is $252,500 as of September 2026.

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