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Jefferson County, KY

RANK #567 / 996  ·  POP 779,232  ·  KY

PROJECTED GROWTH: +0.5%

Jefferson County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Jefferson County?

Jefferson County, Kentucky, often recognized as Louisville Metro since its 2003 merger with the city of Louisville, stands out for its extensive park system and the Ohio River flowing along its northern border. This north-central Kentucky county offers diverse outdoor recreation, including the 6,500-acre Jefferson Memorial Forest, one of the largest municipal urban forests in the United States, providing opportunities for hiking, camping, and wildlife viewing. Commuting within the county is generally manageable, with an average one-way commute of 22.2 minutes, shorter than the national average. The Transit Authority of River City (TARC) provides bus and trolley services throughout the metropolitan area, connecting neighborhoods and job centers.

Life in Jefferson County blends urban amenities with suburban and natural spaces. Many residents own their homes, and the area is characterized by a variety of neighborhoods, from lively urban districts like The Highlands to more peaceful, tree-lined communities such as Anchorage. The economy is experiencing growth, with new businesses and capital investment contributing to job creation. Recent economic developments include significant state budget allocations aimed at improving infrastructure, supporting affordable housing, and enhancing cultural attractions, suggesting a focus on both resident well-being and drawing visitors.

[02] Market Snapshot

Housing Ratio
2.8x

Undervalued relative to economy

GDP Growth
+0.1%

Well below national median

Home Prices
+2.5%

Outpacing national median

Climate & Terrain
0.3

Moderate climate & terrain

Price/Rent
14x

Above national median (13x)

Housing looks undervalued at 2.8x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Jefferson County U.S. National

The Numbers

DEMOGRAPHICS
Population
779,232
-0.16% YoY
Median Household Income
$66,296
Median Home Value
$222,200
+2.5% 12mo
Median Rent
$1,045
Average Annual Pay
$71,280
+3.3% YoY
Employment
482,313
+0.5% YoY
Income-to-Home-Value
0.2984
More affordable than average
Migration Inflow
1.56%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$271,000
Days on Market
57
Moderate pace
Months of Supply
3.2
Balanced market
Sale-to-List Ratio
97.6%
Negotiation room for buyers
Sold Above List
16.4%
Listings w/ Price Drops
22.5%
Building Permits (2024)
2,863
Single-Family Permits
1,173

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$2,139M
TOTAL
PROJECT AMOUNT STATUS
Mill Creek 5 Natural Gas Combined-Cycle Generating Unit
LG&E and KU
$902M Under Construction
Mill Creek 6 Natural Gas Combined-Cycle Unit
LG&E and KU
$645M Planned
Louisville Hyperscale Data Center Campus
PowerHouse Data Centers and Poe Companies
$450M Under Construction
I-264/U.S. 42 Improvement Project
Kentucky Transportation Cabinet (KYTC)
$50M Construction Phase
U.S. 60 (Shelbyville Road) Widening and Improvement Project
Kentucky Transportation Cabinet (KYTC)
$50M Construction Phase
Anthro Energy Battery Manufacturing Facility
Anthro Energy Inc.
$42M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +0.1% 8 percentile
Population Growth -0.2% 22 percentile
Income Growth +7.6% 27 percentile
Vacancy Rate 1.5% 24 percentile
Home Price Change +2.5% 65 percentile
Rent Growth +2.0% 33 percentile
Price/Rent 14x 48 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Jefferson County, KY a good place to move to?

Jefferson County has a Boom Town Index score of 43/100, ranking #567 among 996 U.S. counties. With job growth at +0.5% and a median household income of $66,296, it faces some economic headwinds compared to faster-growing counties.

Is Jefferson County affordable?

The median home value in Jefferson County is $222,200 with median rent at $1,045/month. The income-to-home-value ratio is 0.2984, which is more affordable than the national average.

Is Jefferson County growing or shrinking?

Population growth: -0.2% year-over-year. Job growth: +0.5%. Home values changed +2.5% in the past 12 months.

[08] Similar Metros

Bronx County, NY 53 Carter County, TN 53 Portsmouth city, VA 53 Madison County, ID 53 Missoula County, MT 53 Bibb County, GA 53 Pulaski County, KY 53 Howard County, MD 53