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Median Louisville home price of $165k limits options

Good luck getting home in trendy area for $165K

Leaders of area real estate groups say that the local median price, which is about $165,000, is low enough for first-timers paying rising apartment rents of $800 to $1,000 a month to transition without experiencing a huge hit to monthly expenses, as long as they can pull together the cash needed for a down payment and closing costs.

The hitch is that inventories of homes for sale are low, and places that new buyers seek out – Crescent Hill, St. Matthews and the Highlands – have few houses near $165,000.

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