Located on the Ohio River on the Kentucky/Indiana border, Louisville is a short two-hour or less drive from major cities including Cincinnati, Bloomington, and Lexington. Residents can hop in the car and take exciting day trips anytime they choose, although Louisville offers enough that staying home provides thrills and excitement.
Manufacturing is a prominent industry here, earning recognition from Forbes magazine in 2017. Shipping also ranks highly in Louisville and it is the largest employer in the city with over 23,500 people on the payroll. Health care and food services also offer an abundance of jobs. Louisville Slugger is a top employer here as well.
The University of Kentucky is located here and has a good reputation. Many celebrities hail from the city, including Muhammad Ali, and of course, no one can forget the most famous event hosted in the city: The Kentucky Derby!
864 Listing Found in Louisville, KY
Buying a Home in Louisville?
The average median price for a Louisville home is $160,880. This rate is higher than average real estate prices in Kentucky but much less than the national average price of just over $220,000. Buying a home in Louisville provides an excellent deal for anyone relocating from another state, as well as for families, individuals, and couples that need urban living at a good price.
Be wary of those houses priced too good to be true. That $20000 house likely needs lots of TLC to bring it up to code or make it habitable, which means you could pay thousands of dollars to a contractor. If it sounds too good to be true, it most certainly is.
Popular Neighborhoods in Louisville
New Louisiana, known as NuLu to locals, is one of the most popular neighborhoods in the city. Trendy restaurants, art galleries, shopping boutiques, coffee shops, and antiques fill NuLu, giving it a glowing personality for all walks of life.
Here, you have the exact opposite of Old Louisville. This historic neighborhood is quiet, filled with distinct Victorian architecture and large mansions. It sits central in the city and ranks as the fourth-largest neighborhood in the U.S.
Head to Crescent Hill if you are searching for a home on a budget. This neighborhood has well-manicured older homes for sale, a plethora of businesses, and a community of friendly folks. It is also one of the safest areas in Louisville.
Rent to Own Realtors
Realtors do not work with rent-to-own sellers or buyers. This deal takes time and that does not mesh well with a realtor. Instead, browse our free listings, which include foreclosures, rent-to-own options, and other cost-saving homes for sale. We update these listings regularly, giving you access to the latest homes offering alternative buying options. The rent-to-own lease option may very well be the key to owning a home in Louisville.
Cost of Living in Louisville
Louisville housing is more expensive than other parts of Kentucky, but well below the national average. The cost of groceries and healthcare ranks lower in Louisville than the national average but like housing, more than the average in Kentucky. Nonetheless, Louisville residents enjoy comfortable costs of living all around the board.
Buying Vs. Rent to Own Homes
Louisville is a great city to call home, as well as to take advantage of rent-to-own housing. Anyone without perfect credit or who doesn’t like the traditional house buying process can make their dreams come true through rent-to-own. Under a rent-to-own contract, you have time to save money for a down payment, raise your credit score, and otherwise prepare for homeownership as you rent the home. It is a unique way to become a homeowner and one that many people take advantage of every single year.
Summary
Louisville’s cost of living is slightly higher than average in the state but modest in comparison to national averages across the U.S. The city has a mixture of old and new homes, great neighborhoods, and friendly residents who enjoy the great outdoors and city life in a smaller area.
Rent to Own Realtors
Rent to own realtors don’t technically exist. You’ll need to consult our listings for foreclosures, rent-to-own homes, and other great deals. We have the most updated free listing available today. Realtors work on commission. Rent-to-own does not work with a commission structure. We can solve the need for affordable homeownership options, so browse our listings today.
Find properties near me with Rent to own Reviews:
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City of Louisville, KY Demographic Information
- Population:690,172
- White Population:534,019
- Black Population:130,442
- Hispanic Population:12,290
- Asian Population:9,499
- Hawaiian Population:254
- Indian Population:1,536
- Other Population:4,662
- Male Population:330,002
- Female Population:360,170
- Avg House Value:$107,658
- Avg Household Income:$39,908