Crescent Hill

Louisville, KY

Neighborhood Market Analysis

Q3 2025 Report
$354,471–$373,950 (as of early/mid 2025)
Median Home Price
High (Walk Score typically 70–80)
Walkability Score
Generally above average for Louisville; several schools highly rated for academics and extracurriculars.
School Rating

Location Overview

Neighborhood Boundaries

Roughly bounded by Brownsboro Rd (north), Lexington Rd (south), Ewing Ave (west), and Peterson Ave (east).

Zip Codes

40206

Market Data Summary

Price RangeRecent sales range from $314,000 to $399,950 for typical single-family homes.
Price per Sq Ft$239 (June 2025)
Inventory LevelsLow (2.7 months absorption rate, seller's market)

Property Characteristics

Home Types & Architecture

Home Types

Single-family homesHistoric homesCondosTownhomes

Architectural Styles

VictorianCraftsmanColonial RevivalBungalowsTudor

Property Details

Typical Lot SizesSmall to medium (urban/suburban lots, often 0.1–0.25 acres)
Home Age RangeMany homes built 1900–1940, with some newer infill and renovated properties.
Construction QualityGenerally high, with many well-maintained historic homes and quality renovations.

Community Profile

Demographics & Lifestyle

Demographics

Diverse, with a mix of young professionals, families, and long-term residents. Median age skewing younger than city average.

Community Vibe

Active, walkable, historic, and artsy. Strong sense of neighborhood identity and community involvement.

Typical Residents

  • Young professionals
  • Families
  • Retirees
  • Artists/creatives

Family Friendly

Yes—sidewalks, parks, and proximity to schools make it attractive to families.

Amenities & Lifestyle

Parks & Recreation

  • Crescent Hill Reservoir & Park
  • Nearby Cherokee Park
  • Community gardens

Dining Options

  • Local cafes
  • Upscale bistros
  • Ethnic restaurants
  • Craft breweries

Shopping Centers

  • Frankfort Avenue retail corridor
  • Local boutiques

Local Businesses

  • Boutique shops
  • Coffee houses
  • Art galleries
  • Local grocers

Education & Schools

Generally above average for Louisville; several schools highly rated for academics and extracurriculars.
Overall School Rating

Elementary Schools

  • Crescent Hill Elementary (nearby)
  • Field Elementary

Middle Schools

  • Barret Traditional Middle School

High Schools

  • Atherton High School

Private Schools

  • Sacred Heart Schools
  • St. Francis School

Transportation & Accessibility

Transit & Roads

Public Transit

  • TARC bus lines along Frankfort Ave and Brownsboro Rd

Major Roads

  • Frankfort Ave
  • Brownsboro Rd
  • Lexington Rd

Commute & Walkability

Commute Times10–15 minutes to downtown Louisville by car; 20–30 minutes by public transit.
WalkabilityHigh—most errands can be accomplished on foot.
ParkingStreet parking is common; some homes have driveways or garages, but parking can be tight during events or peak hours.

Marketing Intelligence

Target Buyer Types

  • Young professionals
  • Move-up buyers
  • Families seeking walkability
  • Investors (rental or Airbnb)

Key Selling Points

  • Historic architecture
  • Walkable to shops and dining
  • Strong community vibe
  • Access to parks and green spaces

Pricing Considerations

Price competitively given recent trend of homes selling below asking; highlight unique features to justify premium.

Common Objections & Response Strategies

Objection: Older homes may need repairs or updates.

Response Strategy:

Provide inspection reports and highlight recent upgrades; offer home warranty or credits for repairs.

Objection: Limited parking options.

Response Strategy:

Emphasize walkability, proximity to transit, and available street parking; suggest creative parking solutions.

Objection: Higher price per square foot than some suburbs.

Response Strategy:

Highlight lifestyle benefits, location, and long-term appreciation potential.

Investment Insights

Investment Potential

Appreciation Potential

Solid, with steady long-term growth due to historic character and location. Recent volatility suggests careful pricing is important.

Rental Demand

High—desirable for both short- and long-term rentals due to location and amenities.

Buyer Competition

Moderate—still a seller's market, but buyers have more negotiation power than in 2022–2023.

Best For

  • Owner-occupants seeking walkability and charm
  • Investors targeting stable rental income
  • Buyers valuing historic homes

Potential Concerns

  • Older homes may require maintenance/updates
  • Parking limitations
  • Some price volatility in recent months

Professional Recommendations

1

Educate buyers on historic home ownership and maintenance.

2

Leverage professional photography to highlight architectural details.

3

Network with local businesses for cross-promotion.

4

Monitor pricing trends closely and adjust strategy as needed.

5

Highlight walkability and community events in marketing materials.

Competitive Analysis

Comparable Markets

  • The Highlands
  • St. Matthews
  • Clifton

Market Positioning

Premium historic neighborhood with urban-suburban blend; appeals to buyers seeking character and convenience.

Competitive Advantages

  • Superior walkability
  • Historic charm
  • Proximity to downtown and parks

Price Comparison

Priced above city median ($290,000), but below Highlands and St. Matthews for similar home types.

Investment Metrics

Typically 4–5% for long-term rentals (2025 estimates)
Cap Rates
Gross yields around 6–7% for well-located properties
Rental Yields
Moderate—favorable for investors compared to Highlands or St. Matthews
Price-to-Rent
Positive cash flow possible with careful property selection and management
Cash Flow
3–5% annual appreciation expected over next 3 years, barring economic shocks
Appreciation

Buyer Journey Insights

First-Time Buyers

Attractive for those seeking urban amenities and walkability; may need education on older home maintenance.

Move-Up Buyers

Appealing for buyers upgrading from condos/apartments to historic single-family homes.

Downsizers

Good fit for those seeking character and walkability, but may be challenged by stairs or maintenance needs.

Investors

Strong rental demand and appreciation; focus on well-maintained or easily updated homes.

Relocators

Desirable for those moving to Louisville for work or lifestyle, especially those valuing community and amenities.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

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