2021 Market in Louisville, KY
Excited for all the opportunity 2021 will be bringing! Local industries such as Humana, USPS, Amazon, and the bourbon industry have been thriving! Restaurants and short term rentals have taken a massive hit. I fully expect them to bounce back. Inventory and low interest rates are still a major factor in our market. So much so, we had 11% appreciation during a pandemic, that is nuts! Biggerpockets had our market ranked 6th overall in collection of rent, likely due to our strong industries. I expect accelerated appreciation next year to continue. Commercial office space will be bad. Hoping the city changes some of the zoning rules downtown to make the freed up space a draw to downtown. Ending the eviction stoppage will be a boost for buy and holds. Flips are harder to comeby, but move relatively quickly. What are you excited to see happen in our market in 2021?