Housing in Parkwood / Waverly at a glance
- Population
- about 16,482
- Housing units
- about 7,136
- Median value, owner-occupied homes
- $243,000Louisville: $233,900 (+4%)
- Median gross rent
- $1,030 a monthLouisville: $1,120 (-8%)
- Owner-occupied homes
- 65.1%Louisville: 60.7%
- Homes built before 1980
- 61.2%
- Median year built
- 1974
Parkwood / Waverly, west of Louisville's centre, runs against the grain of the sectors around it. Rent here is $1,030, the lowest of the ten and 8% below the $1,120 city figure, yet the median home value of $243,000 is the second-highest and 4% above the Louisville median. Auburndale / New Cut posts $179,000, Pleasure Ridge Park $183,000 and Fairdale $162,000, so none of the three neighbours comes close on price. Tenure sits mid-table with 65.1% owners, seventh among the ten, which comes to 4,171 owning households against 2,236 renting. The typical home was built in 1974, and 61.2% of the housing stock is older than 1980, a touch below Fairdale's 63% and Auburndale / New Cut's 67.3%. Payotte estimates all of this from 3 census tracts covering 16,482 residents in 7,136 homes. The sector also sits well apart from Pleasure Ridge Park on tenure, where 73.9% own, and from Auburndale / New Cut, where 58.2% do.
Questions about Parkwood / Waverly
What is the median home value in Parkwood / Waverly, Louisville?
$243,000 for owner-occupied homes, against $233,900 for Louisville as a whole (Payotte estimate from Census ACS 2020-2024 5-year data for the census tracts within the official boundary). It is the owners' own estimate of their home's value, not a sale price.
What is the median rent in Parkwood / Waverly?
$1,030 a month in gross rent (rent plus utilities paid by the renter), against $1,120 in Louisville (Payotte estimate from Census ACS 2020-2024 5-year data for the census tracts within the official boundary).
Do most people in Parkwood / Waverly own or rent?
Most own: 65.1% of occupied homes are owner-occupied, against 60.7% in Louisville (Payotte estimate from Census ACS 2020-2024 5-year data for the census tracts within the official boundary).
Data and method
Data as of: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (retrieved 2026-11-02).
Estimate from the 3 census tracts whose internal point lies within the official boundary: counts are summed, and each median is recomputed from the summed value, rent and year-built brackets (grouped median, linear interpolation). The gap with the city is measured with the same method on the whole city.
Parkwood / Waverly is one of the 10 most populous of 117 neighborhoods of Louisville: estimated population about 16,482 (Payotte estimate: Census ACS 2020-2024 populations of the census tracts whose internal point lies inside the boundary; boundaries from Louisville Metro Government GIS, Louisville Neighborhoods, consulted 2026-11-02).
Sources: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates, tables B01003, B25001, B25003, B25034, B25063, B25064, B25075, B25077; U.S. Census Bureau, 2024 Gazetteer files (census tract internal points). City figures: the same survey, published for Louisville as a whole. Home values are owners' estimates, not sale prices.
Near Parkwood / Waverly
The closest sectors of Louisville, by distance between population centres.
Other sectors of Louisville
Five trades, one spot each
Payotte lists one professional per trade in Parkwood / Waverly. No one is listed yet: every spot is open.
- Real estate agentOpen spot
- Mortgage loan officerOpen spot
- Home inspectorOpen spot
- Real estate attorneyOpen spot
- AppraiserOpen spot
Work in one of these trades in Parkwood / Waverly? Ask for your spot.