Louisville, KY Foreclosed Homes & Properties

Foreclosure Homes for Sale in Louisville, KY: Everything You Need to Know

Kentucky's residents are characterized as laid-back, friendly, and hospitable. Bluegrass and country reign in this slow-paced town. Horse racing has deep roots in this state, and many events and festivals are centered around this sport. The three-time heavyweight boxing champion, Muhammed Ali, is also a Louisville native. 

Some dishes that are staples to the locals are the Hot Brown—an open-faced turkey sandwich, Burgoo—a stew with just about anything you want in it, and the Derby Pie—a pecan or walnut pie with melted chocolate on a crispy crust. For delicious and flavorful meals, we recommend Decca, a European inspired restaurant in downtown Louisville. Jack Fry’s has contemporary American cuisine, and the English Grill is one of the city’s finest dining eateries.  

The Local Job Market  

The most prominent industries in Kentucky are manufacturing, agriculture, coal mining, and Logistics. The top three employers in Louisville, KY, are the United Parcel Service (21,233 employees), the Jefferson County Public Schools (14,476 employees), and Ford Motor Co. (12,600 employees). Only two Fortune 500 Companies have headquarters in Louisville: Humana Inc, (ranked #56), and Yum Brands Inc, (ranked #496).

The healthcare industry is also a popular field to work in. Many employers like Norton Healthcare Inc. and Baptist Health are always in need of nurses at all levels (RN/CAN/LPN). The average annual salary is $61,000 or $17.19 an hour.  

The Cost of Living in Louisville

When moving to a new city, you must create a financial guide to help manage your budget. Moving expenses can add up, but they are a one-time cost. Below are monthly averages for some long-term expenses for you to consider.  

• Utilities: $146.70

• Internet: $55.33

• Transportation: Monthly Bus Pass $50

• Restaurant: $68—a meal for two at a mid-range restaurant

• Childcare: $670.00 a month

• Healthcare: $455 a month for a 40-year-old

• Sales Tax: 6.5%

Things to Do in Louisville  

Churchill Downs is the famous horse racetrack that hosts the annual Kentucky Derby. This Thoroughbred racetrack ranks number 5 out of 65 best racetracks in North America. 

The 21c Louisville Museum is a 9,000 square foot art-exhibit that is wholly devoted to 21st-century art. Another favorite attraction is the Evan Williams Bourbon Experience, located on "Whiskey Row." This artisanal distillery offers tours with tastings while bringing to life native traditions. 

For a relaxing day outside, head to Cherokee Park. The scenic 2.4-mile loop has amenities such as hiking, fishing, horse riding trails, picnic areas, playground, restrooms, spray-ground, tennis, and a wedding/reception site. 

Locals and tourists love to celebrate all sorts of events throughout the year. The most preferred one is the week-long Kentucky Derby Festival that has many famous events, bringing the community closer. Another must-see event is the St. James Art Fair during the first weekend in October. With over 700 vendors selling their work, this autumn tradition is one you can't miss.