Louisville appreciation rates and housing market information

Louisville housing market information

With 256,420 people, 121,107 houses or apartments, and a median cost of homes of $128,338, house prices in Louisville are solidly below the national average.

single-family detached homes are the single most common housing type in Louisville, accounting for 58.79% of the city's housing units. Other types of housing that are prevalent in Louisville include large apartment complexes or high rise apartments (23.77%), duplexes, homes converted to apartments, or other small apartment buildings (15.38%), and a few row houses and other attached homes (1.78%).

People in Louisville primarily live in small (one, two, or no bedroom) single-family detached homes. Louisville has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Louisville's housing was primarily built during this period, from the '40s through the '60s. A full 49.29% of the city's housing hails from this era. Other housing ages represented in Louisville include homes built between 1939 and earlier (32.86%), and housing constructed from 1970-1994 (14.95%). There's also some housing in Louisville built between 1995 and later (2.90%).

Louisville home appreciation rates

Real estate appreciation rates in Louisville have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.10% during the period.

Appreciation rates are so strong in Louisville that despite a nationwide downturn in the housing market, Louisville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Louisville appreciation rates continue to be some of the highest in America, at 2.97%, which is higher than appreciation rates in 75% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Louisville. Louisville appreciation rates in the latest quarter were at 1.00%, which equates to an annual appreciation rate of 4.00%.

Relative to Kentucky, our data show that Louisville's latest annual appreciation rate is higher than 53% of the other cities and towns in Kentucky.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Louisville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Louisville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Louisville real estate investment or home purchase decisions.