40204 is the Original Highlands, Irish Hill, Phoenix Hill, Paristown and the north half of Germantown. It is the part of town people picture when they say Highlands: Bardstown Road and Baxter Avenue bars and restaurants, Cave Hill Cemetery's stone wall, and block after block of shotgun houses and brick four-squares.
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.
40204 by the numbers (Louisville MLS, October 2026)
- Homes for sale right now: 75 residential listings (up from 53 a year ago)
- Median asking price (October): $312,999
- Median sold price (October): $372,500
- Typical sold price over the last 12 months: about $305,000
- Homes sold in the last 12 months: 187 (about 16 a month)
- Average days on market (12-month average): 30 days
- Months of supply: about 4.8 months, which reads as a buyer's market (more supply than demand)
Source: Louisville MLS (Metro Search) residential statistics for ZIP 40204, 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 40204
Our full neighborhood guides cover housing stock, prices, history and what it is like to live there:
Not sure which part of 40204 fits you? The Louisville Neighborhood Matcher weighs your commute, budget and housing-type preferences across the metro.
What the homes look like
Shotgun and camelback houses on narrow lots, 1900s brick two-stories, a few Victorian mansions near Cherokee Triangle, converted duplexes and triplexes, and new infill townhomes around Paristown Pointe and Baxter. Off-street parking is the thing buyers fight over. Investors like the 2-4 unit stock near Baxter and Barret.
What your money buys in 40204
- Under $225,000: the entry point: smaller homes, homes that need updating, and the occasional estate sale. Expect competition from investors and first-time buyers.
- $225,000 to $400,000: the heart of the market here, right around the $305,000 typical sold price. Move-in-ready homes in this band are what most buyers in 40204 are shopping for.
- Over $400,000: 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
Walking-distance-to-everything living: Bardstown Road and Baxter Avenue, Paristown Hall, Cave Hill Cemetery, Cherokee Park's western entrances. Downtown is under 10 minutes; I-64 at Grinstead Drive is the main highway access.
Property taxes, schools and the practical details
Inside the Urban Services District. Parts of the Original Highlands and Cherokee Triangle carry historic preservation overlays. Older homes here often have updated electrical but original foundations and basements, so a sewer scope and a look at the gutters and grading are worth the money.
Estimate the real bill for any address with the Jefferson County property tax calculator by taxing district, and if you are 65 or older or fully disabled, read about the homestead exemption on that page. School assignments: JCPS uses an address-based system with choice zones, so check the exact address in the district's official school finder at jefferson.kyschools.us rather than relying on a listing's school fields. Flood zones: a handful of Louisville ZIPs have creek and river floodplains, so review the Louisville flood zone guide before you write an offer.
Search homes for sale in 40204
See every home for sale in 40204 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 40204 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 40204?
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 40204?
The median sold price in 40204 over the last 12 months is about $305,000, and the median sold price in October 2026 was $372,500. The median asking price for homes currently listed is $312,999. 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 40204 a buyer's or seller's market right now?
With 75 homes for sale and about 16 sales a month, 40204 has roughly 4.8 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 40204?
Over the last 12 months, homes in 40204 averaged 30 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 40204?
40204 includes Highlands, Germantown and Schnitzelburg, Cherokee Triangle, Crescent Hill and Original Highlands 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 40204?
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 40204 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.