Kentucky’s First-Class City
Discover Louisville's Real Estate
A city categorized as first-class, and people living here enjoy a great lifestyle of living. The city has to offer from great foods to good locations where one can enjoy music. Louisville is fantastic for people looking to invest here.
Culture, History, and Business
Louisville is the largest city in the state of Kentucky and also the 29th most populated city of America. The city has a combination of all sorts of people living in it. You can find houses for single families, multiple families, apartments, separated homes, and much more here in the city. Louisville is also a great option if one is looking to buy a place for themselves to live and later sell it. The selling rate of the city is high. There are several areas in the city where a good investment can be made.
There was a time when the city used to be dependent on the shipping and cargo industry only. But now, with so many digital organizations opened and growing day by day, the economy is all held by these multiple companies. The city has seen about a 1.6% rise in the job market sector of the town since the previous year. The future growth job has been estimated to a whopping 38% increase in the next ten years. The sales tax rate of the city is only 6% and is quite low compared to the national average of 7.3%. A Louisville resident’s average income is $26,660 a year. The median household income of a person living here in Louisville is $44,806.
Real Estate Appeal
With over a population of nearly 1.5 million, growing economy, and trending markets, Louisville is one of the hot markets of the country. All the big economic companies are showing great growing signs, and the city also has the headquarters of many big firms. There is an increase of almost $3500 or two percent in the median home sales of the city. The median sale price for the houses in Louisville was $166,000, and this year it is showing signs of growth. If talking about the average sale price, it comes out to be around $174,000 for a house in the city area of Louisville.
The houses here go at 3% lower than the price listed. However, in case of a good deal, the price even remains the same. Most of the homes in Louisville are owned by single families or are bank-owned properties.
Would you like to find out more about this city? Follow our subsequent articles to get more details about the reasons to invest as well as the best neighborhoods in this city.
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