Market Intelligence · KY / Louisville

Louisville, KY 40216 Housing Market

In Louisville's 40216 ZIP code, the typical home value stands at $205,855, up 1.3% over the past year. The median list price is $225,000, with homes spending a median of 38 days on market as of September 2026.

Updated September 2026Median value$206K

The median home value in Louisville, KY 40216 is $206K as of September 2026, up 1.3% 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 40216 range

$189K to $222K

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

+1.3% over 12 months

Sep 2025$203K

Low $203KHigh $207K

Sep 2026$206K

The numbers

What is the 40216 housing market like?

As of September 2026

Typical home value

$206K

1.3%YoY

Median list price

$225K

0.9%MoM

Days on market

2.6%MoM

Homes for sale

119

6.3%MoM

Price cuts

31.2%

12.4%MoM

New listings

8.8%MoM

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

The outlook

40216 housing market forecast 2027

+1.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 40216 to rise 1.7% by September 2027.

Over the 12 months through September 2026, typical home values in 40216 rose 1.3%, per the Zillow Home Value Index.

Will home prices drop in 40216?

Zillow's forecast does not call for a drop: it expects typical home values in 40216 to rise 1.7% by September 2027, after a 1.3% 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 40216 home prices compare?

40216$205,855
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 119 homes for sale in 40216, with 62 new listings added recently. The median list price of $225,000 sits above the typical home value of $205,855, suggesting room between asking and actual worth. Homes are spending 38 days on market on average. A notable sign of buyer hesitation appears in the data: 31.2% of current listings carry a price cut. For sellers, this suggests a market where pricing strategy and condition matter more than they did a year ago.

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Down payment20% · $41,171

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Common questions

What people ask us.

What is the typical home value in 40216?

The typical home value in Louisville's 40216 ZIP code is $205,855, up 1.3% over the past year as of September 2026.

How long do homes typically stay on the market here?

Homes in 40216 spend a median of 38 days on market as of September 2026.

What percentage of homes have price cuts?

As of September 2026, 31.2% of listings in 40216 have received a price cut.

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Nearby ZIP markets.

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