St. Matthews: Housing & Real Estate
St. Matthews's median home value is $338,000 (estimated market value runs 9% higher at $368,769), with median rent $1,369 (1.3× higher than Jefferson County median $1,045; 1.5× higher than Kentucky median $884). Homeownership rate: 53.3%. That's 1.5× higher than the Jefferson County median ($222,200); 1.9× higher than the Kentucky median ($181,606). Market is warm. Vacancy rate 5.3%. New construction makes up 5.2% of stock. A municipal building code is in effect.
- 4.1× annual income — home value vs. household income (vs Kentucky 2.8×).
- 20.6 years to break even renting at the median (vs Kentucky 17y).
- 4-BR rent is 2.0× a studio — rent gradient by unit size.
- Median rent runs 7% above HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $338,000 — 1.9× the Kentucky median ($181,606). Median rent $1,369/month. homeownership rate 53.3% — below the U.S. share of ~65%.
| Affordability · Home Price To Income | 4.1× |
|---|---|
| Affordability · Home Affordability | moderate |
| Affordability · Rent Pct Income | 18.2% |
| Affordability · Rent Affordability | affordable |
| Affordability · Pct Severely Rent Burdened | 28.7% |
| Affordability · Poverty Rate | 7.2% |
| Affordability · Property Tax Pct Income | 3.7% |
| Fair Market Rent · Studio rent | $966 |
| Fair Market Rent · One-bedroom rent | $1,047 |
| Fair Market Rent · Two-bedroom rent | $1,272 |
| Fair Market Rent · Three-bedroom rent | $1,625 |
| Fair Market Rent · Four-bedroom rent | $1,891 |
| Fair Market Rent · HUD FMR area | Louisville, KY-IN HUD Metro FMR Area |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $368,769 |
| Median Home Value | $338,000 (vs Kentucky $181,606) |
| Median Rent | $1,369 (vs Kentucky $884) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 5.3% |
| Housing Market · New construction (% of stock) | 5.2% |
| Housing Market · Price Appreciation 2Yr | 3.8% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (2)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 94.7% |
| Broadband · Broadband-capable premises | 10,303 |
| Electricity · Electricity rate (¢/kWh) | 12.79¢/kWh |
| Electricity · Customers | 2,077,215 |
| Electricity · Revenue Millions | $3,335 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0% |
| Mobile Broadband · 4G mobile coverage | 100% |
| Mobile Broadband · 5G mobile coverage | 100% |
| Mobile Home Parks Detail · County total | 3 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Other
| Homeownership Rate | 53.3% |
|---|---|
| Median Year Built | 1969 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12