One of the advantages of our city is land, land, land. It's not a big deal if you are moving from a similar size city or smaller one but those down sizing metro areas often get a glint in their eyes when the think about realizing long held dreams of buying a home with land.
Land can add considerable cost to a property especially in Jefferson County. This pushes the vast majority of buyers outside Jefferson County and into the outlying areas where it's possible to pick up an acre of ground in a deed restricted subdivision starting at around $20,000.
Consider Heritage Hills in Spencer County. It requires a minimum of 1,700 Sq.Ft. and is near Taylorsville Lake and Tanglewood Golf Course. One acre lots are typically $21,000.
In the Orchards at Plum Creek in Shelby County prices double to $42,000 for a typical 1 acre lot where the minimum size house is 2,000 Sq.Ft.
1 to 2 Acre Lots by County-
- Bullitt $30k to $65k
- Jefferson $32k to $350k
- Oldham $43k to $190k
- Shelby $20k to $180k
- Spencer $18k to 50k
Costs within Jefferson County vary considerable depending on which side of town it's on. The south end and southwest are relatively affordable , about on par with Bullitt County, but if you want to live in the east side of town the cheapest seats start at $80,000 and the median price is $208,000 for a +/-1 acre site.
So, that's the sparse skinny on vacant ground. If you don't want to build keep in mind that those houses you are looking at have contributing 'land' costs and the better the location the higher the underlying cost. That's why a modest 1960's 1.5 story around the park can cost a $100,000 more than a similar house in a less desirable location. For an extreme example think about picking up a modest house here in Louisville and dropping it on the beach in Malibu, CA; you've just created a million dollar property.... you get the point.
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