40165 is Shepherdsville and the I-65 corridor in Bullitt County, 20 minutes south of the airport and UPS Worldport. It has nearly 150 homes for sale this fall, a median price in the low-to-mid $300,000s, a lot of new construction and some of the largest logistics employers in the state, which is why so many UPS, Amazon and Ford workers buy here.
This page is part of the Louisville ZIP code guide from Winner Realty. The numbers come straight from the Louisville MLS, the listing links go to our live search, and the neighborhood links go to our full guides. If you want this ZIP watched for you, use the alert signup at the bottom and we will email new listings the morning they hit.
40165 by the numbers (Louisville MLS, October 2026)
- Homes for sale right now: 149 residential listings (up from 106 a year ago)
- Median asking price (October): $344,900
- Median sold price (October): $315,250
- Typical sold price over the last 12 months: about $325,000
- Homes sold in the last 12 months: 390 (about 33 a month)
- Average days on market (12-month average): 37 days
- Months of supply: about 4.6 months, which reads as a buyer's market (more supply than demand)
Source: Louisville MLS (Metro Search) residential statistics for ZIP 40165, pulled November 8, 2026. Monthly medians move around in smaller ZIPs, so use the 12-month figures for pricing and the October figures for momentum. For the county-wide picture, see the Louisville Housing Market Report.
Neighborhoods and communities in 40165
Our full neighborhood guides cover housing stock, prices, history and what it is like to live there:
Not sure which part of 40165 fits you? The Louisville Neighborhood Matcher weighs your commute, budget and housing-type preferences across the metro.
What the homes look like
2000s–2020s subdivisions with two-story and ranch homes, new-construction communities still selling, 1970s–1990s ranches and split-foyers closer to town, patio homes and townhomes, and acreage along the Salt River and county roads. Garages and basements are common in newer homes.
What your money buys in 40165
- Under $250,000: the entry point: smaller homes, homes that need updating, and the occasional estate sale. Expect competition from investors and first-time buyers.
- $250,000 to $450,000: the heart of the market here, right around the $325,000 typical sold price. Move-in-ready homes in this band are what most buyers in 40165 are shopping for.
- Over $450,000: the larger, updated or newer homes, bigger lots, and the top streets in the ZIP. These sit on the market a little longer and leave more room to negotiate.
Run a payment on any of these with the Kentucky mortgage payment calculator, and if you are a first-time buyer check the down payment assistance screener before you decide what you can afford.
Getting around
I-65 at KY-44 and KY-480, Cedar Grove Business Park and the Bullitt County logistics hubs, Bernheim Forest 10 minutes south, the airport and UPS 15 to 20 minutes north, and downtown Louisville about 25.
Property taxes, schools and the practical details
Bullitt County rates (lower than Jefferson County's combined rates) plus the City of Shepherdsville tax inside city limits; served by Bullitt County Public Schools. Flood zones along the Salt River and Floyds Fork matter here; check before you write.
Property tax rates in Bullitt County run below Jefferson County's combined urban rates; the Kentucky transfer tax calculator and Kentucky closing cost guide cover the rest of the closing math. Check school assignments on the county district's official site rather than a listing's school fields.
Search homes for sale in 40165
See every home for sale in 40165 right now on our live MLS search (updated every few minutes from the Louisville MLS). Want the new ones before everyone else? Set up a 40165 listing alert and tell us your price range and must-haves; you get an email the morning a matching home hits the market, and a real person (not a bot) follows up only if you ask. Weekend plans? Check every open house in the Louisville area this weekend.
Selling a home in 40165?
Start with the instant home value estimate (no contact info required for the range) or the what is my house worth guide, then run your numbers through the seller net proceeds calculator. When you are ready to list, Winner Realty puts your home live on the MLS within three business days, guaranteed, syndicates it to Zillow, Realtor.com and 200-plus sites, and puts it in front of the 70,000-plus buyers on OffMarket.deals. If you would rather skip the showings, we will also bring you a cash offer so you can compare both paths side by side.
Frequently asked questions
What is the average home price in 40165?
The median sold price in 40165 over the last 12 months is about $325,000, and the median sold price in October 2026 was $315,250. The median asking price for homes currently listed is $344,900. Prices vary a lot by street and condition, so use these as a starting point and ask for comparable sales on the specific home.
Is 40165 a buyer's or seller's market right now?
With 149 homes for sale and about 33 sales a month, 40165 has roughly 4.6 months of supply. Rob's rule of thumb is that about 3.5 months is balanced, so this currently reads as a buyer's market. Inventory across Louisville is up sharply from a year ago, which gives buyers more choice than they have had since 2019.
How fast do homes sell in 40165?
Over the last 12 months, homes in 40165 averaged 37 days on market before going under contract. Well-priced, move-in-ready homes go faster than that; homes that need work or are priced for last year's market sit longer.
Which neighborhoods are in ZIP code 40165?
40165 includes Bullitt County, Bullitt and Spencer County land, Fairdale and nearby areas. ZIP boundaries don't always match neighborhood names exactly, so a home's listing may show a neighborhood name from a neighboring ZIP. The neighborhood guides linked above describe each area in detail.
How do I get alerts for new listings in 40165?
Use the listing alert signup linked on this page and tell us the ZIP, your price range and must-haves. New matching homes are emailed to you the morning they hit the MLS. You can also search 40165 directly on our live MLS search any time.
Rob Bergeron is Owner–Realtor at Award-Winning Winner Realty in Louisville, Kentucky (Lisa Tucker, Principal Broker, licensed in Kentucky and Indiana). Email me with any questions: Rob@thewinnerrealty.com. Explore more ZIP codes on the Louisville ZIP code guide or browse all Louisville neighborhood guides.