Louisville, KY
Jefferson County · Pop. 625,234
Ranked #21 of 243 cities
56Moderate
Median Home Price
🏠$230K
4.0% YoY
Median Rent
🔑$1,100
2.5% YoY
Median Income
💰$52K
Rent Burden
📊29.0%
% of income to rent
Income to Buy
🏦$66K
annual income needed
Income to Rent
📝$44K
annual income needed
Price-to-Income
⚖️4.4x
Homeownership
🏡60.0%
Rent vs. Buy
Buy
$1,224/mo
Est. mortgage (7%, 20% down)
Need $66K/yr income
Rent
$1,100/mo
Median rent
Need $44K/yr income
How Louisville Compares
| Metric | Louisville | Kentucky | National |
|---|---|---|---|
| Home Price | $230K | $212K | $410K |
| Rent | $1,100 | $929 | $1,500 |
| Income | $52K | $61K | $75K |
| Rent Burden | 29.0% | 28.5% | 30.0% |
Key Takeaways
- • Home prices in Louisville are 44% lower than the national average.
- • Rent is 27% lower than the national average.
- • You need an income of $66K to comfortably buy a home here.
- • The homeownership rate is 60.0%, compared to 65.0% nationally.