Cities with the most expensive homes in Kentucky

Written by:
March 3, 2021
realtor.com

Cities with the most expensive homes in Kentucky

Buying a home is an investment—and an increasingly expensive one. The median value of a home in the United States today is more than a quarter of a million dollars with a mortgage, and $167,000 without one. Meanwhile, the median monthly housing cost for a home with a mortgage is $1,558 and $490 without a mortgage.

Stacker compiled a list of cities with the most expensive homes in Kentucky using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of January 2021. Listings and images are from realtor.com.

Home buyers have a lot to consider when house-hunting or looking to invest in rental properties, from the state of the housing market itself to taxes and potential resale value. The housing market grew robust and pricey in the decade following the 2008 recession, and more recently saw a boom during the coronavirus pandemic. Another consideration is the house itself, including what kind of upkeep it requires and those associated costs. Depreciation affects all homes at an average rate of 3.636% each year, which can be a help come tax season if you use your home for business or rentals but may cost you later in capital gains taxes when you sell. Meanwhile, land value tends to increase over time depending on several factors including where the house is located and what amenities and homes are nearby. More desirable neighborhoods allow sellers to charge more; the mantra "location, location, location" has never been more relevant.

Do you live in the area with the most expensive real estate market in your state? Keep reading to find out.

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#30. Hollow Creek

- Typical home value: $239,116
- 1 year home value change: +7.9%
- 10 year home value change: +52.1%
- #7,724 most expensive city nationwide

- Pictured: 1215 Short St, Louisville ($85,000, 2 bedrooms)
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#29. Walton

- Typical home value: $239,542
- 1 year home value change: +7.2%
- 10 year home value change: +48.4%
- #7,692 most expensive city nationwide

- Pictured: 13600-A Walton-Verona Rd, Walton ($1.8 million, 2 bedrooms)
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#28. Crescent Springs

- Typical home value: $242,564
- 1 year home value change: +7.1%
- 10 year home value change: +28.9%
- #7,530 most expensive city nationwide

- Pictured: 2439 Sierra Dr, Crescent Springs ($705,373, 4 bedrooms)
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#27. Westport

- Typical home value: $242,699
- 1 year home value change: +8.5%
- 10 year home value change: +35.6%
- #7,522 most expensive city nationwide

- Pictured: 2900 Eighteen Mile Creek Rd, Westport ($599,950, 4 bedrooms)
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#26. Jeffersontown

- Typical home value: $245,093
- 1 year home value change: +7.7%
- 10 year home value change: +39.3%
- #7,392 most expensive city nationwide

- Pictured: 9704 Gutenberg Rd, Louisville ($534,900, 3 bedrooms)
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#25. Park Hills

- Typical home value: $249,196
- 1 year home value change: +10.8%
- 10 year home value change: +35.5%
- #7,184 most expensive city nationwide

- Pictured: 1002 Park Dr, Park Hills ($758,000, 5 bedrooms)
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#24. Spring Mill

- Typical home value: $251,934
- 1 year home value change: +8.7%
- 10 year home value change: +46.3%
- #7,073 most expensive city nationwide

- Pictured: 6806 Applegate Ln, Louisville ($459,000, None bedrooms)
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#23. Alvaton

- Typical home value: $252,750
- 1 year home value change: -0.5%
- 10 year home value change: +41.2%
- #7,032 most expensive city nationwide

- Pictured: 1150 Drakes Ridge Ln, Bowling Green ($1.3 million, 5 bedrooms)
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#22. Hebron

- Typical home value: $253,757
- 1 year home value change: +6.5%
- 10 year home value change: +40.5%
- #6,995 most expensive city nationwide

- Pictured: 4021 Roundup Rdg, Hebron ($1.3 million, 4 bedrooms)
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#21. Fort Wright

- Typical home value: $254,757
- 1 year home value change: +11.2%
- 10 year home value change: +41.0%
- #6,935 most expensive city nationwide

- Pictured: 1852 Mount Vernon Dr, Fort Wright ($368,900, 4 bedrooms)
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#20. Hebron Estates

- Typical home value: $254,916
- 1 year home value change: +10.1%
- 10 year home value change: +42.5%
- #6,927 most expensive city nationwide

- Pictured: 6 Creekview Ct, Shepherdsville ($519,015, 6 bedrooms)
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#19. Pewee Valley

- Typical home value: $261,875
- 1 year home value change: +6.8%
- 10 year home value change: +45.3%
- #6,593 most expensive city nationwide

- Pictured: 104 Wooldridge Pl, Pewee Valley ($2.0 million, 6 bedrooms)
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#18. Fort Thomas

- Typical home value: $264,386
- 1 year home value change: +15.5%
- 10 year home value change: +62.7%
- #6,470 most expensive city nationwide

- Pictured: 109 Casagrande St, Fort Thomas ($999,900, 4 bedrooms)
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#17. Lakeside Park

- Typical home value: $267,862
- 1 year home value change: +7.3%
- 10 year home value change: +34.8%
- #6,309 most expensive city nationwide

- Pictured: 2668 Buckeye Ct, Villa Hills ($1.2 million, 4 bedrooms)
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#16. Edgewood

- Typical home value: $267,959
- 1 year home value change: +8.2%
- 10 year home value change: +35.8%
- #6,305 most expensive city nationwide

- Pictured: 3086 Friars Ln, Edgewood ($2.0 million, 6 bedrooms)
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#15. Villa Hills

- Typical home value: $273,430
- 1 year home value change: +7.5%
- 10 year home value change: +37.5%
- #6,066 most expensive city nationwide

- Pictured: 941 Rosewood Dr, Villa Hills ($2.1 million, 5 bedrooms)
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#14. Crestview Hills

- Typical home value: $278,092
- 1 year home value change: +7.3%
- 10 year home value change: +45.3%
- #5,875 most expensive city nationwide

- Pictured: 320 Crown Point Cir, Crestview Hills ($1.6 million, 5 bedrooms)
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#13. Fox Chase

- Typical home value: $280,751
- 1 year home value change: +9.4%
- 10 year home value change: +39.2%
- #5,763 most expensive city nationwide

- Pictured: 1215 Short St, Louisville ($85,000, 2 bedrooms)
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#12. La Grange

- Typical home value: $286,765
- 1 year home value change: +7.3%
- 10 year home value change: +42.7%
- #5,549 most expensive city nationwide

- Pictured: 1500 E Highway 524, La Grange ($1.2 million, 4 bedrooms)
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#11. Simpsonville

- Typical home value: $290,791
- 1 year home value change: +10.7%
- 10 year home value change: +44.7%
- #5,409 most expensive city nationwide

- Pictured: 400 Reed Ln, Simpsonville ($4.8 million, 6 bedrooms)
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#10. Fort Mitchell

- Typical home value: $303,978
- 1 year home value change: +6.5%
- 10 year home value change: +46.6%
- #4,960 most expensive city nationwide

- Pictured: 301 Summit Ln, Fort Mitchell ($999,999, 5 bedrooms)
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#9. Audubon Park

- Typical home value: $311,347
- 1 year home value change: +5.2%
- 10 year home value change: +54.5%
- #4,717 most expensive city nationwide

- Pictured: 1004 Audubon Pkwy, Louisville ($649,900, 4 bedrooms)
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#8. Union

- Typical home value: $316,934
- 1 year home value change: +4.1%
- 10 year home value change: +31.8%
- #4,557 most expensive city nationwide

- Pictured: 2264 Bleu Yacht Ln, Union ($949,800, 3 bedrooms)
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#7. Goshen

- Typical home value: $336,024
- 1 year home value change: +13.8%
- 10 year home value change: +47.9%
- #4,078 most expensive city nationwide

- Pictured: 4000 Greenhaven Ln, Goshen ($1.6 million, 6 bedrooms)
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#6. River Bluff

- Typical home value: $336,122
- 1 year home value change: +4.2%
- 10 year home value change: +36.1%
- #4,076 most expensive city nationwide

- Pictured: 5804 Timber Ridge Dr, Prospect ($379,900, 4 bedrooms)
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#5. Finchville

- Typical home value: $338,418
- 1 year home value change: +10.4%
- 10 year home value change: +53.8%
- #4,029 most expensive city nationwide

- Pictured: 5750 Buck Creek Rd, Finchville ($1.4 million, 4 bedrooms)
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#4. Crestwood

- Typical home value: $339,940
- 1 year home value change: +6.6%
- 10 year home value change: +38.5%
- #3,993 most expensive city nationwide

- Pictured: 7200 Limestone Ct, Crestwood ($849,900, 5 bedrooms)
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#3. Buckner

- Typical home value: $350,085
- 1 year home value change: +0.4%
- 10 year home value change: +23.7%
- #3,760 most expensive city nationwide

- Pictured: 2817 Alder Wood Ln, La Grange ($479,950, 4 bedrooms)
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#2. Northfield

- Typical home value: $452,722
- 1 year home value change: +10.1%
- 10 year home value change: +46.7%
- #2,139 most expensive city nationwide

- Pictured: 2223 Wynnewood Cir, Louisville ($850,000, 4 bedrooms)
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#1. Prospect

- Typical home value: $467,710
- 1 year home value change: +6.1%
- 10 year home value change: +26.2%
- #1,991 most expensive city nationwide

- Pictured: 8501 Wolf Pen Branch Rd, Prospect ($5.2 million, 5 bedrooms)

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