Cities with the fastest-growing home prices in the Louisville metro area

The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.

The typical home value in the United States was $360,310 in May, 3.9% higher than the year before.

Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.

Stacker compiled a list of cities with the fastest-growing home prices in the Louisville metro area using Zillow data. Cities are ranked by their one-year price change as of May 2024.

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Stacker

#30. Memphis, IN

– 1-year price change: +$11,192 (+4.1%)
– 5-year price change: +$84,057 (+42.5%)
– Typical home value: $281,812 (#29 most expensive city in metro)

Stacker

#29. Borden, IN

– 1-year price change: +$11,630 (+6.4%)
– 5-year price change: +$65,199 (+51.0%)
– Typical home value: $193,113 (#59 most expensive city in metro)

Stacker

#28. Jeffersonville, IN

– 1-year price change: +$11,722 (+5.2%)
– 5-year price change: +$79,983 (+50.6%)
– Typical home value: $237,907 (#43 most expensive city in metro)

Stacker

#27. Depauw, IN

– 1-year price change: +$11,773 (+5.5%)
– 5-year price change: +$74,663 (+49.9%)
– Typical home value: $224,406 (#47 most expensive city in metro)

Stacker

#26. Eminence, KY

– 1-year price change: +$12,113 (+6.3%)
– 5-year price change: +$71,718 (+54.4%)
– Typical home value: $203,612 (#54 most expensive city in metro)

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Stacker

#25. Charlestown, IN

– 1-year price change: +$12,151 (+4.3%)
– 5-year price change: +$91,022 (+44.5%)
– Typical home value: $295,427 (#23 most expensive city in metro)

Stacker

#24. Sellersburg, IN

– 1-year price change: +$12,347 (+4.4%)
– 5-year price change: +$84,772 (+40.8%)
– Typical home value: $292,748 (#24 most expensive city in metro)

Stacker

#23. New Washington, IN

– 1-year price change: +$12,417 (+5.8%)
– 5-year price change: +$77,623 (+52.5%)
– Typical home value: $225,473 (#45 most expensive city in metro)

Stacker

#22. Clarksville, IN

– 1-year price change: +$12,965 (+7.1%)
– 5-year price change: +$69,142 (+55.0%)
– Typical home value: $194,795 (#58 most expensive city in metro)

Stacker

#21. Nabb, IN

– 1-year price change: +$13,291 (+5.2%)
– 5-year price change: +$89,048 (+49.6%)
– Typical home value: $268,583 (#31 most expensive city in metro)

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Stacker

#20. Greenville, IN

– 1-year price change: +$13,489 (+4.3%)
– 5-year price change: +$98,128 (+42.6%)
– Typical home value: $328,379 (#16 most expensive city in metro)

Stacker

#19. Smithfield, KY

– 1-year price change: +$13,553 (+4.2%)
– 5-year price change: +$125,308 (+59.3%)
– Typical home value: $336,621 (#13 most expensive city in metro)

Stacker

#18. Hillview, KY

– 1-year price change: +$14,050 (+7.2%)
– 5-year price change: +$69,650 (+50.3%)
– Typical home value: $208,119 (#53 most expensive city in metro)

Stacker

#17. Salem, IN

– 1-year price change: +$14,408 (+7.8%)
– 5-year price change: +$68,621 (+52.2%)
– Typical home value: $200,043 (#55 most expensive city in metro)

Stacker

#16. Otisco, IN

– 1-year price change: +$14,470 (+5.4%)
– 5-year price change: +$87,936 (+44.7%)
– Typical home value: $284,803 (#27 most expensive city in metro)

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Stacker

#15. Prospect, KY

– 1-year price change: +$14,538 (+2.5%)
– 5-year price change: +$168,013 (+39.2%)
– Typical home value: $596,929 (#1 most expensive city in metro)

Stacker

#14. Fredericksburg, IN

– 1-year price change: +$14,920 (+6.9%)
– 5-year price change: +$81,267 (+53.9%)
– Typical home value: $231,978 (#44 most expensive city in metro)

Stacker

#13. Elizabeth, IN

– 1-year price change: +$14,986 (+6.4%)
– 5-year price change: +$78,018 (+45.3%)
– Typical home value: $250,228 (#38 most expensive city in metro)

Stacker

#12. Floyds Knobs, IN

– 1-year price change: +$14,996 (+4.0%)
– 5-year price change: +$108,427 (+38.0%)
– Typical home value: $393,927 (#8 most expensive city in metro)

Stacker

#11. Georgetown, IN

– 1-year price change: +$15,168 (+5.0%)
– 5-year price change: +$94,705 (+42.0%)
– Typical home value: $320,373 (#17 most expensive city in metro)

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Stacker

#10. Corydon, IN

– 1-year price change: +$15,189 (+6.1%)
– 5-year price change: +$84,663 (+47.6%)
– Typical home value: $262,420 (#32 most expensive city in metro)

Stacker

#9. Turners Station, KY

– 1-year price change: +$15,482 (+6.9%)
– 5-year price change: +$99,273 (+70.5%)
– Typical home value: $240,030 (#42 most expensive city in metro)

Stacker

#8. Palmyra, IN

– 1-year price change: +$15,894 (+7.8%)
– 5-year price change: +$75,849 (+52.5%)
– Typical home value: $220,413 (#50 most expensive city in metro)

Stacker

#7. Henryville, IN

– 1-year price change: +$16,225 (+5.6%)
– 5-year price change: +$95,253 (+45.2%)
– Typical home value: $305,874 (#20 most expensive city in metro)

Stacker

#6. New Albany, IN

– 1-year price change: +$16,667 (+8.0%)
– 5-year price change: +$74,494 (+49.7%)
– Typical home value: $224,338 (#48 most expensive city in metro)

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Stacker

#5. New Salisbury, IN

– 1-year price change: +$17,467 (+7.4%)
– 5-year price change: +$84,426 (+49.6%)
– Typical home value: $254,679 (#35 most expensive city in metro)

Stacker

#4. Ramsey, IN

– 1-year price change: +$17,729 (+7.9%)
– 5-year price change: +$86,220 (+55.6%)
– Typical home value: $241,157 (#41 most expensive city in metro)

Stacker

#3. Lanesville, IN

– 1-year price change: +$18,168 (+5.7%)
– 5-year price change: +$107,222 (+46.8%)
– Typical home value: $336,457 (#14 most expensive city in metro)

Stacker

#2. Marysville, IN

– 1-year price change: +$21,364 (+8.1%)
– 5-year price change: +$89,583 (+45.5%)
– Typical home value: $286,468 (#26 most expensive city in metro)

Stacker

#1. Laconia, IN

– 1-year price change: +$22,046 (+9.6%)
– 5-year price change: +$92,373 (+57.7%)
– Typical home value: $252,362 (#37 most expensive city in metro)

This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 378 metros.

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