Affordable
Expensive
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These days, finding an affordable place to live in the Phoenix Hill area can be challenging. Home prices in Phoenix Hill are now at a median cost of $253,472, lower than the Louisville average of $270,137.
The average cost of rent is $972/mo in Phoenix Hill, primarily driven by the current value of real estate in the Phoenix Hill area. In Phoenix Hill, 90.74% of households rent, and 48.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Phoenix Hill is $3,597 per month. Households that rent pay about 27.03% of their income on rent here. Phoenix Hill’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Central Business District, Louisville, KY: equally priced homes
- Germantown, Louisville, KY: equally priced homes
- Old Louisville, Louisville, KY: higher priced homes
- Cherokee Triangle, Louisville, KY: higher priced homes
- Clifton, Louisville, KY: equally priced homes
- Schnitzelburg, Louisville, KY: equally priced homes
- Clifton Heights, Louisville, KY: less expensive homes
- Russell, Louisville, KY: less expensive homes
- Deer Park, Louisville, KY: higher priced homes
- Saint Joseph, Louisville, KY: less expensive homes
Neighborhoods with Similar Populations
- Lace, Darien, IL: higher priced homes
- Terra del Sol, Tucson, AZ: equally priced homes
- Swan, Grand Rapids, MI: equally priced homes
- Spring Park, Jacksonville, FL: equally priced homes
- Morris Heights, Aurora, CO: higher priced homes
- Mission Hills, Henderson, NV: higher priced homes
- Menlo Park, Tucson, AZ: equally priced homes
- Meadowbrook, Syracuse, NY: equally priced homes
- McKinley Avenue Corridor, Columbus, OH: higher priced homes
- McClellan Park, Madison, WI: higher priced homes
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