Home Values

40208 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$58,600

  • -9.1% 1-year change
  • -0.7% 1-year forecast

The median home value in 40208 is $58,600. 40208 home values have declined -9.1% over the past year and Zillow predicts they will fall -0.7% within the next year. The median list price per square foot in 40208 is $61, which is lower than the Louisville average of $93. The median price of homes currently listed in 40208 is $67,200 while the median price of homes that sold is $140,000. The median rent price in 40208 is $725, which is lower than the Louisville median of $750.

Foreclosures will be a factor impacting home values in the next several years. In 40208 2.1 homes are foreclosed (per 10,000). This is greater than the Louisville value of 0.1 and also lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 40208 is 5.1%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 40208 homeowners underwater on their mortgage is 29.5%, which is higher than Louisville at 17.2%.

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Relative ZHVI
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40208 Market Overview

Data through Dec 31, 2014
  • $58,600 ZHVI
  • -0.7% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • $67,200 Median listing price
  • No recent data Median sale price
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40208 Market Health

Data through Dec 31, 2014
  • 2.6/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 29.5% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 5.1% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
40202 $227,400
40217 $116,200
40203 $64,600
Name Median ZHVI
40215 $60,000
 
 

Listings & Sales

Data through Dec 31, 2014
  • $61 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 12.4% Listings with price cut
28.4%
Sold below listing
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40208 Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $760 40208
    $870 Louisville
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $725 Rent list price
  • $0.75 Rent list price / sq ft
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