Louisville appreciation rates and housing market information

Louisville housing market information

With a population of 8,843, 3,600 total housing units (homes and apartments), and a median house value of $155,335, Louisville real estate and house prices are near the national average for all cities and towns.

single-family detached homes are the single most common housing type in Louisville, accounting for 65.83% of the city's housing units. Other types of housing that are prevalent in Louisville include duplexes, homes converted to apartments, or other small apartment buildings (20.17%), large apartment complexes or high rise apartments (12.53%), and a few row houses and other attached homes (1.47%).

The most prevalent building size and type in Louisville are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 62.33% owning, and 34.69% renting.

There is a lot of housing in Louisville built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Louisville built from 1940-1969 (33.47%). A lesser amount of the housing stock also hails from 1939 and earlier (18.28%), and some were built from 1995 and later (18.28%).

Louisville home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Louisville, where house values have increased just 33.53%, which is an average annual increase of 3.35%. NeighborhoodScout's data show that in the latest quarter, Louisville house values appreciated 2.54%, which is an annualized rate of 10.16%. This rate is lower than the appreciation rate found in 10% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Louisville home appreciation rates, at -0.15%, have been at or slightly above the national average. In the latest quarter, Louisville's appreciation rate has been 2.54%, which annualizes to a rate of 10.16%.

Importantly, this makes Louisville one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Ohio, our data show that Louisville's latest annual appreciation rate is higher than 29% of the other cities and towns in Ohio.

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.