The story of this market
The typical home in ZIP 40003 sells for about $344,900, or $168 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $1,250 a month.
ZIP 40003 — Bagdad
The housing market in 40003 remains stable with low inventory and steady demand from buyers seeking rural living. Prices have seen moderate year-over-year growth, supported by the area's appeal to commuters working in the Louisville metro region. Some figures, such as specific price-cut percentages, are estimated based on regional trends as exact ZIP-level data is not published.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle while maintaining access to the employment hubs of Louisville and Frankfort.
Median prices moved up 4.2% year over year.
Homes spend a median of 58 days on market with 5.5 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 6.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 40003, Shelby County KY
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by the Shelby County Public Schools district, which generally maintains stable performance ratings within the regional context.
The region is subject to standard Midwestern weather patterns, including occasional severe thunderstorms and wind events; flood risk is localized to specific low-lying areas near creeks.
Economic momentum is driven by proximity to the Louisville metro area, with local growth focused on agricultural and residential expansion.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Kentucky) — Kentucky Ad Valorem Property Tax: Property is assessed at its fair cash value (price at a fair voluntary sale). The tax is calculated by applying local and state tax rates to the assessed value.
Residents primarily commute by car toward Louisville or Frankfort, with average commute times reflecting the rural nature of the ZIP code.
Local recreation includes access to rural parklands, scenic drives, and small-town community centers, with major shopping and dining located in nearby Shelbyville.
The rental market is characterized by low inventory and high demand for single-family homes, with limited multi-family options available.
The economy is primarily agricultural with a growing reliance on the service and manufacturing sectors in the surrounding Shelby County area.
Transportation is heavily reliant on private vehicle use via state highways connecting to the I-64 corridor.
Development is currently limited to small-scale residential infill and agricultural land use adjustments.
Parcels are subject to Shelby County school district taxes and local fire protection district assessments.
Property insurance premiums are consistent with rural Kentucky averages, with standard coverage for wind and fire.
Data retrieved from Census Reporter and ACS 2024 5-year tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Kentucky Renaissance Fair4.78.9 mi
- Gallrein Farms4.76.1 mi
- La Cocina De Mama4.69.6 mi
- Talon Winery Shelbyville4.812.8 mi
- Buffalo Trace Distillery4.810.5 mi
- Buffalo Trace Distillery Visitor Parking Lot4.810.6 mi
- Kentucky State Capitol4.611.1 mi
- Cove Spring Park4.711.5 mi
- Salato Wildlife Education Center4.89.4 mi
- Woodford Reserve Distillery4.816.9 mi
- Josephine Sculpture Park4.712.1 mi
- Kentucky Historical Society4.810.8 mi
- Kentucky Old State Capitol Building4.710.7 mi
- Historic Switzer Covered Bridge4.416.4 mi
- Cove Spring Park4.711.5 mi
- Salato Wildlife Education Center4.89.4 mi
- Clear Creek Park Family Activity Center4.59.4 mi
- Capitol View Park4.511.6 mi
- Josephine Sculpture Park4.712.1 mi
- Guist Creek Marina4.66.2 mi
- Clear Creek Park Family Activity Center4.59.4 mi
- Weissinger Hills Golf Course4.410.6 mi
- Juniper Hill Golf Course4.410.5 mi
- Clear Creek Golf Center4.39.3 mi
- Gallrein Farms4.76.1 mi
- Rural King4.39 mi
- Locals Food Hub & Pizza Pub4.810.6 mi
- Mulberry Orchard LLC4.65.4 mi
- JCPenney4.310.9 mi
- Blue Grass Airport4.629.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Local green space serving the immediate community.
Hosts regional agricultural and community events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.