Market Intelligence · KY / Louisville

Louisville, KY 40228 Housing Market

The typical home in Louisville's 40228 ZIP is valued at $271,760, up 2.6% over the past year. The median list price stands at $299,550, with homes spending a median of 33 days on market as of September 2026.

Updated September 2026Median value$272K

The median home value in Louisville, KY 40228 is $272K as of September 2026, up 2.6% 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 40228 range

$250K to $294K

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

+2.6% over 12 months

Sep 2025$265K

Low $265KHigh $272K

Sep 2026$272K

The numbers

What is the 40228 housing market like?

As of September 2026

Typical home value

$272K

2.6%YoY

Median list price

$300K

0.1%MoM

Days on market

3.1%MoM

Homes for sale

10.9%MoM

Price cuts

27.4%

7.5%MoM

New listings

14.3%MoM

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

The outlook

40228 housing market forecast 2027

+1.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 40228 to rise 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in 40228 rose 2.6%, per the Zillow Home Value Index.

Will home prices drop in 40228?

Zillow's forecast does not call for a drop: it expects typical home values in 40228 to rise 1.9% by September 2027, after a 2.6% 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 40228 home prices compare?

40228$271,760
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 market shows some tension between list prices and underlying values. There are 51 homes for sale as of September 2026, with 24 new listings that month. About 27.4% of current listings have seen a price cut, suggesting sellers are adjusting to market realities. The median days on market of 33 indicates homes are moving at a moderate pace. For a seller, this means pricing competitively from the start will likely serve you better than listing high and negotiating down.

Monthly payment

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Down payment20% · $54,352

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Common questions

What people ask us.

What is the typical home value in 40228?

The typical home value is $271,760 as of September 2026, up 2.6% over the past year.

How many homes are currently for sale in 40228?

There are 51 homes for sale in 40228 as of September 2026, with 24 new listings that month.

How long do homes typically stay on the market in 40228?

Homes spend a median of 33 days on market in 40228 as of September 2026.

Discover

Nearby ZIP markets.

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