Louisville, CO Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Louisville, CO Housing Market Trends

With a population of 20,816, 8,318 total housing units (homes and apartments), and a median house value of $711,049, Louisville house prices are not only among the most expensive in Colorado, Louisville real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Louisville, accounting for 68.60% of the city's housing units. Other types of housing that are prevalent in Louisville include large apartment complexes or high rise apartments ( 18.94%), row houses and other attached homes ( 8.44%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.34%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Louisville. Owner-occupied housing accounts for 70.22% of Louisville's homes, and 56.36% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Louisville built from 1970 to 1999 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 between 2000 and later ( 12.29%). A lesser amount of the housing stock also hails from before 1939 ( 5.45%). There's also some housing in Louisville built between 1940-1969 ( 4.47%).

Louisville Home Appreciation Rates

In the last 10 years, Louisville has experienced some of the highest home appreciation rates of any community in the nation. Louisville real estate appreciated 87.37% over the last ten years, which is an average annual home appreciation rate of 6.48%, putting Louisville in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Louisville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Louisville appreciation rates have trailed the rest of the nation. In the last twelve months, Louisville's appreciation rate has been 3.52%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Louisville were at 1.18%, which equates to an annual appreciation rate of 4.78%.

Notably, Louisville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Colorado, our data show that Louisville's latest annual appreciation rate is lower than 90% of the other cities and towns in Colorado.

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 2000, to assist you in making the best Louisville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$711,049

Louisville, CO HOME PRICES

> $1,184,000
7.5%
7.5%
$888,001 - $1,184,000
15.1%
15.1%
$592,001 - $888,000
44.5%
44.5%
$474,001 - $592,000
16.3%
16.3%
$355,001 - $474,000
7.5%
7.5%
$237,001 - $355,000
4.9%
4.9%
$119,001 - $237,000
1.3%
1.3%
$59,001 - $119,000
1.1%
1.1%
$0 - $59,000
1.8%
1.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for CO

Value Relative To Nation

Number Of Homes And Apartments:
8,318

Louisville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
147.71% 4.41%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,251 / per month

Homeownership Rate

Owners
70.2%
70.2%
Renters
29.8%
29.8%
Vacant
4.2%
4.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
12.3%
12.3%
1970 - 1999
77.8%
77.8%
1940 - 1969
4.5%
4.5%
1939 or Older
5.4%
5.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
68.6%
68.6%
Townhomes
8.4%
8.4%
Small Apt. Buildings
2.3%
2.3%
Apt. Complexes
18.9%
18.9%
Mobile Homes
1.5%
1.5%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.9%
0.9%
1 Bedroom
12.1%
12.1%
2 Bedrooms
21.9%
21.9%
3 Bedrooms
29.2%
29.2%
4 Bedrooms
27.2%
27.2%
5 or more bedrooms
8.8%
8.8%
0.0% 100.0%
% OF HOMES