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Market Intelligence · KY / Louisville

Louisville, KY 40223 Housing Market

The typical home in Louisville's 40223 ZIP code is valued at $385,161, reflecting modest growth of 1.3% over the past year. The median list price stands at $394,500, with homes spending 44 days on market as of September 2026.

Updated September 2026Median value$385K

The median home value in Louisville, KY 40223 is $385K 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 40223 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

+1.3% over 12 months

Typical home value in 40223 over the last 12 months: $380K in Sep 2025 to $385K in Sep 2026 (+1.3%).

Sep 2025$380K

Sep 2026$385K

The numbers

What is the 40223 housing market like?

Typical home value

$385K

Up1.3%YoY

Median list price

$395K

Up0.4%MoM

Days on market

44

Up18.9%MoM

Homes for sale

54

Down10.0%MoM

Price cuts

32.1%

Up165.0%MoM

New listings

30

Down37.5%MoM

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

The outlook

40223 housing market forecast 2027

+1.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 40223 to rise 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in 40223 rose 1.3%, per the Zillow Home Value Index.

Will home prices drop in 40223?

Zillow's forecast does not call for a drop: it expects typical home values in 40223 to rise 1.9% 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 40223 home prices compare?

  • 40223$385,161
  • 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 54 homes for sale in 40223, with 30 new listings entering the market. The median days on market of 44 suggests a fairly balanced pace of sales. However, the share of listings with a price cut stands at 32.1%, indicating some sellers are adjusting to current conditions. The median list price of $394,500 sits modestly above the typical home value. For sellers, this signals a market where pricing strategy matters, and realistic initial listing prices tend to attract steadier buyer interest.

Monthly payment

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20% · $77,032

Common questions

What people ask us.

What is the typical home value in 40223?

As of September 2026, the typical home value in 40223 is $385,161, up 1.3% over the past year.

How many homes are currently listed for sale?

There are 54 homes for sale in 40223 as of September 2026, with 30 new listings.

How long do homes typically stay on the market?

The median days on market is 44 as of September 2026.

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