Louisville real estate snapshot

Despite its embattled Civil War past, Louisville's rich history is colored by other claims to fame. It is best known for hosting the Kentucky Derby, the first leg of the Triple Crown trio of thoroughbred horse races. It is the most popular horse racing event and is dubbed 'The Most Exciting Two Minutes in Sports.' The city is also the birthplace of the Louisville Slugger, the official bat of Major League Baseball and a catalyst that revolutionized America's favorite pastime. The Louisville Slugger Museum showcases the history of the popular brand and houses exhibits of historical bats, such as the one legendary baseball player Babe Ruth used for his last homerun as a New York Yankee. The Belle of Louisville steamboat is perhaps one of the most beloved symbols of this city. Built in 1914, this grand ship is the oldest steamboat in operation; it became a National Historic Landmark in 1989.

Affordable housing

Due to recent renewal efforts, the city is experiencing more steady growth, especially in home appreciations, according to the Office of Federal Housing Enterprise Oversight (OFHEO). Louisville's affordable housing prices have attracted many new families to the area. Currently, the average price for Louisville homes for sale is $159,900.

The Old Louisville neighborhood has one of the most diverse populations in the city, and it boasts a large collection of Victorian houses. This sprawling community of 1,205 acres was the city's first suburb and offers dozens of stately homes and vintage architectural styles. To buy a home in this charming town, expect to pay an average price of just $65,000.

The more modern entertainment district of the Highlands neighborhood offers its own brand of charm, bounded by Beargrass Creek near downtown. It was the last neighborhood in the downtown district to be urbanized, and it has since amassed a high concentration of nightclubs, restaurants and shopping venues. A wealth of housing is on sale here, including apartments, condominiums, townhouses and single family homes. Affordable as always, homes here start with an average price of $170,000. So whether you're looking for old town charm or modern convenience, start your Louisville home search today!

'''Sources and more information:'''
http://en.wikipedia.org/wiki/Louisville
http://experts.about.com/e/h/hi/History_of_Louisville,_Kentucky.htm
http://en.wikipedia.org/wiki/Louisville_Slugger_Museum
http://www.belleoflouisville.org/
http://www.census.gov/population/www/
http://www.courier-journal.com/kyguide/2005/realestate_overview.htm
http://www.courier-journal.com/kyguide/2005/realestate_ky_lives.htm
http://www.courier-journal.com/apps/pbcs.dll/article?AID=/20050710/BUSINESS/50711001&SearchID=73214057455274
http://www.realtor.org/Research.nsf/files/REL06Q1T.pdf/$FILE/REL06Q1T.pdf
http://www.oldlouisville.com/old_louisville.htm
http://en.wikipedia.org/wiki/The_Highlands_%28Louisville%29