St. Matthews

Louisville, KY

Neighborhood Market Analysis

Q3 2025 Report
$335,000 (June 2025)
Median Home Price
74 (Very walkable for Louisville; errands can often be accomplished on foot)
Walkability Score
Generally above average; several schools rated 7–9/10 on GreatSchools.
School Rating

Location Overview

Neighborhood Boundaries

Roughly bounded by Browns Lane to the east, Cannons Lane to the west, Shelbyville Road (US 60) to the south, and I-264 to the north. Includes the 40207 ZIP code and portions of 40205.

Zip Codes

4020740205

Market Data Summary

Price Range$290,000–$399,000+ for most single-family homes and condos
Price per Sq Ft$230 (June 2025)
Inventory LevelsLow (2.7 months absorption rate citywide); 28 homes sold or pending in June 2025, up 33% MoM.

Property Characteristics

Home Types & Architecture

Home Types

Single-family homesCondosTownhomesApartments

Architectural Styles

Cape CodColonial RevivalRanchTraditional brickCraftsman

Property Details

Typical Lot Sizes0.15–0.30 acres (6,500–13,000 sq ft)
Home Age Range1920s–1960s (majority), with some newer infill and renovated properties
Construction QualityGenerally high; many homes have been updated or well-maintained, with solid brick construction common.

Community Profile

Demographics & Lifestyle

Demographics

Diverse, with a mix of young professionals, families, and retirees. Median age skewing slightly older than city average.

Community Vibe

Suburban-urban blend; active, established, and welcoming. Strong sense of community with frequent local events.

Typical Residents

  • Young professionals
  • Families
  • Retirees

Family Friendly

Very family-friendly; walkable streets, parks, and top-rated schools.

Amenities & Lifestyle

Parks & Recreation

  • Brown Park
  • Seneca Park
  • Community playgrounds
  • YMCA

Dining Options

  • Bluegrass Brewing Company
  • Drake's
  • Ramsi's Cafe on the World
  • Local bakeries and cafes

Shopping Centers

  • Mall St. Matthews
  • Shelbyville Road Plaza
  • Boutique retail along Shelbyville Rd

Local Businesses

  • Boutiques
  • Coffee shops
  • Fitness studios
  • Local grocers

Education & Schools

Generally above average; several schools rated 7–9/10 on GreatSchools.
Overall School Rating

Elementary Schools

  • St. Matthews Elementary
  • Holy Trinity Parish School

Middle Schools

  • Barret Traditional Middle
  • Our Lady of Lourdes

High Schools

  • Waggener High School
  • Sacred Heart Academy

Private Schools

  • Holy Trinity Parish School
  • Trinity High School
  • Sacred Heart Academy

Transportation & Accessibility

Transit & Roads

Public Transit

  • TARC bus routes 17, 29, 31

Major Roads

  • Shelbyville Road (US 60)
  • Browns Lane
  • Cannons Lane
  • I-264

Commute & Walkability

Commute Times10–20 minutes to downtown Louisville; 15–25 minutes to airport.
WalkabilityHigh for Louisville; sidewalks, crosswalks, and bike lanes present.
ParkingMostly off-street and driveway parking; some street parking near retail corridors.

Marketing Intelligence

Target Buyer Types

  • Families
  • Young professionals
  • Retirees
  • Investors

Key Selling Points

  • Central location
  • Walkable lifestyle
  • Top schools
  • Charming architecture
  • Strong community vibe

Pricing Considerations

Price competitively within recent comps; staged, updated homes command premium and often sell over asking.

Common Objections & Response Strategies

Objection: Older homes may need updates or repairs.

Response Strategy:

Highlight recent renovations, solid construction, and potential for customization.

Objection: Higher prices than some Louisville suburbs.

Response Strategy:

Emphasize walkability, amenities, school quality, and strong resale value.

Objection: Smaller lot sizes or less privacy.

Response Strategy:

Showcase nearby parks, community events, and low-maintenance living benefits.

Investment Insights

Investment Potential

Appreciation Potential

Moderate; steady 2–3% annual appreciation expected. Strong long-term stability.

Rental Demand

High; desirable for young professionals and families seeking proximity to amenities and schools.

Buyer Competition

Strong; 39% of homes sold over asking in June 2025. Multiple-offer situations common.

Best For

  • Move-up buyers
  • Families
  • Young professionals
  • Investors seeking stable returns

Potential Concerns

  • Older homes may require updates
  • Higher price point than some nearby areas

Professional Recommendations

1

Leverage low days-on-market and over-asking sales in listing presentations.

2

Stage and professionally photograph homes to maximize appeal.

3

Highlight walkability, school ratings, and recent updates in marketing materials.

4

Prepare buyers for fast-moving market and potential multiple-offer scenarios.

5

Network with local businesses and schools to build hyperlocal credibility.

Competitive Analysis

Comparable Markets

  • Crescent Hill
  • The Highlands
  • Clifton

Market Positioning

Premium, established neighborhood with strong demand and limited inventory.

Competitive Advantages

  • Superior walkability
  • Central location
  • Top schools
  • Stable home values

Price Comparison

St. Matthews median prices are higher than Louisville citywide ($290,000) but competitive with other premium neighborhoods like Crescent Hill and The Highlands.

Investment Metrics

3.5–4.5% for single-family rentals (2025 est.)
Cap Rates
4–5% gross annual yield typical for updated homes
Rental Yields
19–21 (reflects premium for ownership and stability)
Price-to-Rent
Positive for well-priced, updated properties; best for long-term hold.
Cash Flow
2–3% annual appreciation expected over next 3–5 years.
Appreciation

Buyer Journey Insights

First-Time Buyers

May face competition and higher prices; best positioned with strong pre-approval and flexibility on cosmetic updates.

Move-Up Buyers

Attracted by larger homes, top schools, and walkable amenities; often seeking updated, move-in ready properties.

Downsizers

Value single-level living, walkability, and low-maintenance homes; condos and smaller ranches in demand.

Investors

Strong rental demand and stable appreciation; focus on updated homes near retail and parks.

Relocators

Drawn by central location, community feel, and access to top schools; benefit from local agent expertise.

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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