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Market MapLouisville, KY
Metropolitan Area

Louisville, KY

Kentucky09 counties
65
/100
Buy
#338 of 894 metros
Top 38% nationally for investing

Market Snapshot

$268,531
Median Home Price
10% above national median
$1,348/mo
Median Rent
3% below national median
6.02%
Rent-to-Price Ratio
Top 50% nationally
-$532
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$268,531
Down Payment (20%)$53,706
Loan Amount$214,825
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,348
Monthly P&I-$1,408
Est. Expenses (35%)-$472
Net Cash Flow-$532/mo
3.9%
Cap Rate (all cash)
-10.3%
Cash-on-Cash Return
6.02%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.9% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
65/100
65
Cash Flow(30%)
60/100

Based on 6.02% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
81/100

Based on 3.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
72/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Affordable relative to local incomes
  • +Low unemployment (0.0%)
  • +Large metro with 9 counties offering diverse opportunities

Challenges

  • -Negative cash flow at typical financing (-$532/mo)
  • -Negative leverage (cap rate 3.9% < mortgage rate 6.9%)

Counties in Louisville, KY

Best Overall
Harrison
IN - Score: 71
Best Cash Flow
Jefferson
KY - Score: 65
Verdict
HarrisonIN
39,68471$256,969Est.BuyView
MeadeKY
29,96469$281,632Est.BuyView
ClarkIN
121,48465$256,217$1,3086.13%BuyView
JeffersonKY
779,23265$256,180$1,3586.36%BuyView
OldhamKY
67,99765$430,262$2,0615.75%BuyView
BullittKY
82,48264$288,805$1,5176.30%BuyView
NelsonKY
46,77962$257,904$1,1445.32%BuyView
FloydIN
80,19161$275,843$1,1605.04%BuyView
ShelbyKY
48,10559$316,904$1,6236.15%HoldView

Click any county to see detailed investment analysis

Compare to Similar Metros

Metro AreaVerdict
Decatur, IL
Decatur, IL
85$118,242$1,02110.36%Strong BuyView
Paducah, KY
Paducah, KY
82$165,710$1,2919.35%Strong BuyView
Indiana, PA
Indiana, PA
82$158,790$1,37610.40%Strong BuyView
Connersville, IN
Connersville, IN
82$158,083Est.Strong BuyView
Enid, OK
Enid, OK
81$137,435$1,0769.39%Strong BuyView
Current
Louisville, KY
65$268,531$1,3486.02%Buy

The Bottom Line

BuyLouisville, KY offers solid investment potential with good cash flow or appreciation prospects.

The Louisville, KY metro area scores 65/100, ranking #338 of 894 US metros (top 38%). The 6.02% rent-to-price ratio indicates moderate cash flow potential. Among 9 counties, Harrison shows the strongest investment potential (score: 71). Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-532/mo
Cap Rate
3.9%
Cash-on-Cash
-11.9%

Ready to Invest in Louisville, KY?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

Single Family1-4 unit rentalsHouse HackOwner-occupiedMultifamily5+ unit propertiesBest CountyHarrison
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