Louisville is Kentucky's largest city with 255,024 residents calling the city home. Year after year, the city holds exciting and lively events for both residents and visitors alike. Perhaps its biggest draw in the Spring is the Kentucky Derby, a world-famous horse race hosted every May since 1875 at the historical Churchill Downs. For avid baseball fans, the game is long ingrained into Louisville's past, represented vividly in the Louisville Slugger Museum and Factory in the West Main District of Downtown. While sports are clearly on the forefront of Louisville locals' minds, the city is alive in culture, restaurants and outdoor life, as well. The city has 18 parks across the city, so taking a step back to enjoy the scenery of Louisville is stress-free, convenient and fun.
Many Kentucky residents choose to migrate to Louisville for the urban lifestyle, but coming from across the country is not a bad option for buyers on a budget. Last year, home values in Louisville rose by 10.39 percent, with average list prices jumping from $174,347 to $192,469. Though the market increased, inventory dropped by 9.37 percent year-over-year. The number of homes for sale dipped from 2,550 to 2,311. The tightening of inventory could be indicative of a more competitive market amongst buyers, which in turn, prompted prices to rise steadily.