Zip Code 40229

Louisville, KYJefferson County

Real Estate Market Analysis

Q3 2025 Report
$265,000 (as of May 2025)
Median Home Value
~40,000 (2024 estimate)
Population
$62,000–$65,000 (2025 est.)
Median Income
Average to above average (JCPS overall rating: B-)
School District Rating

Market Statistics

Property Values

$265,000 (as of May 2025)
Median Home Value
$1,400–$1,600 (estimated for 2025)
Median Rent
$159 (May 2025)
Price per Sq Ft

Market Performance

Home AppreciationUp 4.2% year-over-year in Jefferson County[4]
Market VelocityAverage days on market: 38–42 days[2][3]
Foreclosure Rate27 properties in foreclosure, 0 bank-owned, 5 headed for auction[1]

Area Information

Area SizeSuburban area southeast of downtown Louisville
CountyJefferson
Primary CityLouisville

Housing Profile

Housing Statistics

Total Housing UnitsEstimated 10,000+
Owner Occupied~70% (suburban, family-oriented)
Rental Properties~30%
Vacant UnitsLow vacancy rate, under 5%
New ConstructionModerate; some new subdivisions and infill development

Housing Types

Single-family homesTownhomesCondos (limited)

Demographics

~40,000 (2024 estimate)
Population
34
Median Age
$62,000–$65,000 (2025 est.)
Median Income
~96% (unemployment ~4%)
Employment Rate
High school diploma or higher: 89%; Bachelor's degree or higher: 22%
Education Levels
Predominantly families with children, some young professionals
Family Composition

Education Quality

School District Performance

Average to above average (JCPS overall rating: B-)
District Rating
School DistrictJefferson County Public Schools (JCPS)
Test ScoresSlightly below state average, but improving
Graduation Rates~85%

Schools in Area

  • Maryville Elementary
  • Cedar Grove Elementary
  • Bullitt Lick Middle
  • Southern High School

Economic Factors

Employment & Business

Job GrowthSteady, 1.5–2% annually
Unemployment Rate~4%
Business EnvironmentDiverse, logistics and manufacturing strong
Commercial ActivityGrowing retail, logistics, and service sectors

Major Employers

  • UPS Worldport
  • Ford Louisville Assembly
  • GE Appliances
  • Jefferson County Public Schools
  • Healthcare providers

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • I-65 freeway
  • Gene Snyder Freeway (I-265)
  • TARC public bus routes

Utilities & Services

  • Louisville Water Company
  • LG&E (electric/gas)
  • Waste Management

Quality of Life

Safety & Environment

Lower than Louisville metro average; property crime moderate, violent crime low

Good air and water quality, suburban green spaces

Healthcare Access

  • Norton Healthcare
  • Baptist Health
  • Urgent care clinics

Development Trends

Planned Developments

  • New single-family subdivisions
  • Retail strip centers

Infrastructure Projects

  • Road widening on Preston Hwy
  • Upgrades to water/sewer lines

Investment Outlook

Growth Outlook

Positive, steady population and housing growth expected

Investment Opportunities

  • Single-family rentals
  • Fix-and-flip homes
  • Retail pad sites

Marketing Intelligence

Target Demographics

  • Young families
  • First-time buyers
  • Move-up buyers
  • Blue-collar professionals

Competitive Advantages

  • Lower median price than central Louisville
  • Family-friendly neighborhoods
  • Proximity to major employers

Pricing Strategies

Price competitively below Louisville median; offer incentives for quick close

Common Objections & Response Strategies

Objection: Concern about school quality

Response Strategy:

Highlight improving test scores, graduation rates, and new school programs

Objection: Commute times to downtown

Response Strategy:

Emphasize quick access to I-65 and I-265, and proximity to major employers

Objection: Limited nightlife or entertainment

Response Strategy:

Promote family-oriented amenities, parks, and short drive to Louisville attractions

Professional Recommendations

1

Emphasize affordability and family appeal in marketing

2

Network with local employers for relocation leads

3

Stay updated on new construction and zoning changes

4

Educate buyers on school improvements and community amenities

5

Monitor inventory trends for pricing strategy adjustments

Competitive Analysis

Comparable Markets

  • 40272 (Valley Station)
  • 40299 (Jeffersontown)
  • 40165 (Shepherdsville)

Market Positioning

Affordable, family-friendly, commuter suburb

Competitive Advantages

  • Lower price per sqft than 40299
  • Better access to highways than 40272

Price Comparison

40229 median price ($265K) is below Louisville median ($290K)[2] and Jefferson County ($266,792)[4]

Investment Metrics

5.5–6.5% (single-family rentals)
Cap Rates
6–7% gross yield
Rental Yields
~14–16
Price-to-Rent
Positive cash flow possible with 20% down
Cash Flow
3–4% annual appreciation expected
Appreciation

Buyer Journey Insights

First-Time Buyers

Affordable entry point, FHA/VA loans common, strong demand for move-in ready homes

Move-Up Buyers

Can leverage equity from starter homes, seek larger lots/newer builds

Downsizers

Limited inventory of condos/townhomes, but some single-level homes available

Investors

Attractive rental yields, steady tenant demand, low vacancy

Relocators

Appealing for those seeking suburban lifestyle with city access

This zip code analysis was generated using comprehensive market data and AI intelligence.

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

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