Louisville ZIP Code 40205 Ranks 25th In US' Hottest ZIP Codes List
Louisville ZIP code 40205 had been named as one the US' hottest ZIP codes, including a few of the upscale neighborhoods like Highlands and the Seneca Gardens.
Highlands, Seneca Gardens, Deer Park, Cherokee Hills, Belknap, Strathmoor and Dundee Estates are the hidden gems among the neighborhoods. Recently, the fame of 40205 as the leading housing market to offer an easy access to dining, parks, attractions and entertainment has been recognized. From a group of over 32,000 zip codes throughout the country, 40205 was amongst the chosen to be in the hottest list, Louisville Home Sales reported.
Louisville's recognition was based on the economic data of Realtor.com, which had released a study of the hottest ZIP codes in the country for the first time. Placing a local 40250 in its 25th rank, the list was based on the speed of sales and the frequency of viewing on the listing in every ZIP code.
A representative of the Greater Louisville Association of Realtors said that some points had helped in the popularity of 40205 ZIP code may include, well-established and developed neighborhoods that provide an easy access to attractions, entertainment, parks and local dining.
Moreover, the association also noted that several homes that are near to interstates with less traffic build-up are likely to be less expensive compared to the rest of the homes in adjacent areas like the 40250 code. The rankings were based on "combined hotness index" for the months of January up to June 2015.
The index scores the 32,000 ZIP codes throughout the country that has 14 or more active listings, which are ranked according to the listing views. These were made as basis for the evaluation of the median age and demand of inventory that will assess the supply.
The US Hottest ZIP Codes list's first three ranks were occupied by ZIP codes representing Centennial, Colorado, Worthington, Ohio, and Melrose, Massachusetts.