LOUISVILLE, Ky. — Home values across Louisville and southern Indiana continue to be on the rise across the region.
Depending on the zip code you live in, the average home value has gone up anywhere from 5 to 10% in the last year, according to a new report by the Washington Post.
Using data from the mortgage technology division of Intercontinental Exchange (ICE), the report found high interest rates, low inventory and years of price jumps continue to bar many residents from buying a home.
The data compares the change in average home value between March 2023 and March 2024.
Increased costs are seemingly due to a lower number of homes on the market due to some homeowners feeling “locked in” to their current house, an ICE Mortgage Technology spokesperson told the Post.
Here’s a look at some Louisville zip codes:
- 40212 – $130,000 | Up 8.6% since 2023
- 40215 - $162,000 | Up 10.5% since 2023
- 40219 - $221,000 | Up 5.7% since 2023
- 40207 - $425,000 | Up 5.8% since 2023
Here’s a look at some southern Indiana zip codes:
- 47130 - $250,000 | Up 8.7% since 2023
- 47129 - $199,000 | Up 6% since 2023
- 47150 - $237,000 | Up 5.6% since 2023
- 47172 - $309,000 | Up 7.5% since 2023
Click here to search for your zip code and see how home values have increased in your area.
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