Louisville’s 40205 zip code is among the hottest for real estate – not just in Kentucky, but nationwide, according to an assessment conducted by Realtor.com. Listings are viewed three times as much as the average U.S. listing and homes are selling like hotcakes in the well-developed neighborhoods of The Highlands. Most homes only sit on the market for 38 days before finding a loving buyer.
The Highlands is one of the oldest neighborhoods in Louisville with roots dating back to the Civil War, so you’ll find a lot of walking-tour-worthy historic sites. However, the area has been noticeably gentrifying since the 1960s and much has changed in the past century. Bardstown Road is often referred to as “Little Portland” with the slogan “Keep Louisville weird,” and could be considered Louisville’s version of San Francisco’s Haight-Ashbury with its funky, eclectic shops and welcoming atmosphere for all walks of life.
Residents who have made The Highlands their home are treated to the beautiful Cherokee Park, designed by Frederick Law Olmstead; independently-owned boutique shopping; exciting arts, entertainment and attractions along “The Strip”; a plethora of micro-breweries, coffee shops and dining options in “Restaurant Row”; the highest density of bars and clubs in Louisville; and the convenience of Kroger and Wal-Mart nearby. Commuters enjoy easy access to the interstate to get wherever they need to in a short amount of time.
Despite all the activity, you’ll find the neighborhood streets to be relatively quiet, lined with mature trees and devoid of the traffic congestion that has become all too common in popular zip codes. The homes are also more affordable than neighboring zip codes like 40204 and the cost of living is only 1 percent higher than the rest of Louisville despite all the amenities, so you really get great bang for your real estate buck in The Highlands.
Who Lives In The Highlands?
The Highlands attracts individuals with higher-education degrees and above-average incomes. Young singles tend to live in the section closer to downtown, while families prefer the outskirts. That said, The Highlands features a diverse blend of hipsters, artists, students, teachers, lawyers, doctors and other professionals. If you’re new to the Louisville area, there is no more vibrant place to put down roots!
The Highlands Louisville, Kentucky Real Estate
What strikes your fancy? Are you looking for a large Tudor-style manor with steep-pitched roofs, rectangular floorplans, intricate interior woodwork, and tall, narrow windows? Or are you more of the traditional American Foursquare type – looking for efficient open-concept layouts, modern two-car garages, fireplaces and large, narrow lots?
The Highlands has both architectural styles, not to mention Craftsman Bungalows, Cotswold Cottages, Victorian Gothics, Shotgun Homes, and more. You’ll notice that much architecture has been influenced by early German settlers to the area.
Most homes were built in the late 1800s to 1947 and fall in the $50,000 to $300,000 range. Some of the more opulent manors can be found along Spring Drive, costing upwards of one million dollars.
Location & Local Attractions
Horse Racing: The biggest local attraction is the Kentucky Derby, happening each May. Churchill Downs is just 3.4 miles from The Highlands center, so it’s a really happening place for parties. The Barnstable Brown Party on Spring Drive is the most famous of the Kentucky Derby parties with celebrity guests like Andre Agassi, Kid Rock and Cyndi Lauper.
Dining: The Highlands is also an epicenter for foodies, with some of Louisville’s best dining establishments. From Cherokee Triangle eateries to 900-block Baxter Avenue pubs to Bardstown Road chocolate and coffee shops, you’ll want for nothing. Enjoy a drink with friends on the patio at The Highlands Tap Room, celebrate a special occasion at Jack Fry’s, grab a quick bite of Mexican food at El Taco Luchador, indulge in gastropub fare at Hammerheads, sink your teeth into a succulent steak at Ruth’s Chris Steak House, or pair wine with tapas plates at Louvino. Every type of international cuisine from Italian to Persian can be found here.
Recreation: Need a respite from City Life? Just as New Yorkers have Central Park, residents of The Highlands have Cherokee Park, a 409-acre oasis designed by famed landscape architect Frederick Law Olmstead – who, incidentally, designed Central Park. Enjoy 2.4 miles of scenic walking and biking trails, as well as horseback riding, lake fishing, or bird watching. Beautiful fountains and statues adorn the rolling hills.
Active types have access to basketball courts, rugby and soccer fields, an archery range, ultimate Frisbee, horseshoe pits, baseball diamonds, tennis courts and winter sledding hills. Picnic tables, grills, shelters, dog parks and playgrounds make this park a wonderful gathering space for the whole family. It’s no wonder Cherokee Park sees 500,000 visitors each year and is ranked among the Top 100 Municipal Parks in the United States! Hiking, walking and biking are also available at Douglas, Seneca, Tyler and Willow parks in The Highlands.
Downtown Louisville: As an added bonus, you’re only 9 minutes from downtown Louisville employers and attractions.
According to the most recent Census data collected in 2013, the 40205 zip code has 626 local employers offering over 11,000 positions. Top economic sectors of neighborhood employers include:
- Health Care & Social Assistance (101 employers)
- rofessional, Scientific & Technical Services (95 employers)
- Accommodation & Food Services (77 employers)
- Retail (68 employers)
- Finance & Insurance (47 employers)
Many people living in The Highlands take advantage of the quick commutes to top Louisville employers like:
- Ford Motor Company – 5 minutes
- GE Appliances – 7 minutes
- YUM! Brands – 12 minutes
- Hilliard Lyons – 14 minutes
- Kentucky One Health – 15 minutes
- Humana – 16 minutes
- Brown Forman Corp. – 18 minutes
- UPS – 19 minutes
- Papa John’s International Inc. – 20 minutes
If you’re new to Louisville and in need of work, start your hunt at www.Kentuckianaworks.org.
The cost of living in The Highlands is also worth mentioning in any discussion about the local economy. While the cost of renting real estate here is high by Kentucky standards, the cost of living index is 94 – which is below the national average of 100. Groceries and health care costs are particularly cheaper in The Highlands, compared to the rest of the United States in general.
The Highlands of Louisville, Kentucky (zip 40205) is considered a warm humid temperate climate. Summers are hot and it rains year round. Three quarters of Louisville are forested, with 18 percent of the land dedicated to crops like corn and soybeans, and 8 percent of the land developed into commercial and residential properties.
The warmest months are from May through September, with July temperatures ranging from 69 to 88 degrees. The coolest months are from November through February, when temperatures range from 25 to 41 degrees. It rains about 44 inches per year and snows about 15 inches in the 40205 zip code.
The median income in The Highlands is $69,120, but the largest income bracket is $75,000 to $100,000 per year. Residents are highly educated, with a large portion of the population possessing Graduate or Professional degrees. The median age of the 23,504 residents is 41, which is a little older than Louisville and the rest of Kentucky. Seniors comprise about 15 percent of homeowners and renters in the area. The racial makeup of The Highlands is over 96% White, 1.96% Latino or Hispanic, 1.3% Mixed Race, 0.92% Black or African American and 0.64% Asian. More than half of the residents are married and a third of the married couples have children under 18 living with them.
The Highlands’ children attend award-winning Jefferson County schools. Over 150,000 students attend the 150 schools, which is the 27th largest school district in the country. There is one teacher for every 16 students
Public schools situated within the 40205 zip code include:
• Hawthorne Elementary
• Highland Middle School
• Atherton High School
There are plenty of options for private schools as well, including St. Agnes School, St. Francis of Assisi, St. James Catholic School and St. Raphael Catholic School for grades K-8. Specialized education for music, dance, cosmetology. career prep, leadership training and learning disabilities are situated within the 40205 zip code as well. College students may go to Bellarmine University or Sullivan University.
Find Your Louisville Home At The Highlands!
Licensed Louisville real estate agent Greg Fleischaker is your trusted guide to The Highlands real estate. In such a competitive, high-demand market, you need someone who can show you the hottest properties meeting your search criteria before they even hit the Louisville MLS. You need someone who has lived in the area for a long time, who truly understands the lay of the land.
Need to sell? Greg is adept at helping homeowners sell to facilitate a move. He has been combining the latest technology with tough negotiation skills since the early 2000s to move properties at prices beyond client expectations. Prompt, courteous communication and beautiful marketing presentations are how Greg does business.
Contact Greg Fleischaker to discuss your Louisville real estate needs.