|Specialty||# of Agencies|
|Single House or Condo||3|
|Home Owners Association||1|
|Total Local Companies||7|
The average rent for a 3 bedroom house in Louisville, KY is $1,045.00. When you receive your requested free market assessment, compare the average rent to what a property manager expects your property to rent for before making your decision on which manager to hire.
Louisville, KY Rental Market Overview
Known throughout the world for its renowned annual horse race, the Kentucky Derby, Louisville is one of the biggest cities in the South, and one where renting is in high demand.
The city is unique in that it is heavily influenced by Southern and Midwestern culture. Louisville hosts a variety of one-of-a-kind events and festivals year-round, including the Humana Festival of New American Plays and the Beatles-themed festival Abbey Road on the River.
A mix of major industries, such as medical, healthcare and manufacturing, operate in the city, though Louisville's independent business scene has bloomed during recent years. Additionally, the River City has become a major arts locale where numerous up-and-coming indie musicians and performers play.
Officials of Louisville take tremendous care of parks citywide, which are numerous. In total, parks and recreational facilities span more than 14,000 acres in the city.
The University of Louisville attracts undergrads to the city each year due to its substantial size, wide array of educational offerings and competitive sports teams. Also, a number of other revered educational institutions are located in the metro area.
Property Management Companies Can Greatly Assist Louisville Property Owners
Roughly three-quarters of a million people reside in Louisville, many of whom rent apartments. Once property investors purchase a residence in the metro area, they'll likely find demand for their units is considerable.
Also, after they've secured a property in the city, chances are high they'll need someone to take care of the day-to-day responsibilities associated with running a rental property. This is where the expertise and knowledge of property managers comes in handy.
Offering a contract to a seasoned property management team to operate one's residence could be the best decision a new property owner makes after securing their residence.
Louisville Rental Market at a Glance
Projected Vacancy Rate, 2011: 4.7 percent
Projected Average Asking Rent, 2011: $664 per month
Projected Average Effective Rent, 2011: $635 per month
Statistics courtesy of Marcus & Millichap
Finding Louisville Property Management Companies
Locating the right property management company for you is vital to ensuring your business is run smoothly and efficiently.
Sign up with All Property Management to choose from Louisville's top property management companies. Just type your zip code into our search engine and you'll discover a variety of management firms in Louisville to receive free quotes from.