Louisburg, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Louisburg, KS Real Estate Data


Louisburg Housing Market Information

With 4,276 people, 1,652 houses or apartments, and a median cost of homes of $226,861, Louisburg real estate is some of the most expensive in Kansas, although Louisburg home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Louisburg, accounting for 76.33% of the city's housing units. Other types of housing that are prevalent in Louisburg include duplexes, homes converted to apartments or other small apartment buildings ( 13.30%), row houses and other attached homes ( 5.80%), and a few mobile homes or trailers ( 2.75%).

The most prevalent building size and type in Louisburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.77% owning and 35.23% renting.

There is a lot of housing in Louisburg 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 Louisburg built between 2000 and later ( 35.91%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.13%). There's also some housing in Louisburg built before 1939 ( 7.67%).

Louisburg Home Appreciation Rates

Real estate appreciation rates in Louisburg's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.20% during the period.

Appreciation rates are so strong in Louisburg that despite a nationwide downturn in the housing market, Louisburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Louisburg appreciation rates continue to be some of the highest in America, at 5.72%, which is higher than appreciation rates in 70.21% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Louisburg. Louisburg appreciation rates in the latest quarter were at 2.35%, which equates to an annual appreciation rate of 9.76%.

Relative to Kansas, our data show that Louisburg's latest annual appreciation rate is lower than 50% of the other cities and towns in Kansas.

Average Home Values

 

Median Home Value:
$226,861

Louisburg, KS HOME PRICES

Value Range
> $1,145,000 0.6
$859,001 - $1,145,000 0.9
$573,001 - $859,000 2.4
$458,001 - $573,000 5.9
$343,001 - $458,000 8.5
$229,001 - $343,000 25.5
$115,001 - $229,000 44.2
$58,001 - $115,000 9.2
$0 - $58,000 2.8

Very High for KS
High for Nation

Value Relative to Nation Value Relative to State
27.182760438016 6.02836879432624

Number Of Homes And Apartments:
1,652

Rent & Ownership

 

Average Market Rent:
$946 / per month

Homeownership Rate

Homeownership
Owners 64.77
Renters 35.23
Vacant 3.22

Housing Market Details

 

Age of Homes

AGE OF Louisburg HOMES
2000 or Newer 35.9
1970 - 1999 46.3
1940 - 1969 10.1
1939 or Older 7.7

Types of Homes

TYPE OF Louisburg HOMES
Single-Family 76.3
Townhomes 5.8
Small Apt. Buildings 13.3
Apt. Complexes 1.8
Mobile Homes 2.8
Other 0.0

Home Size

SIZE OF Louisburg HOMES
No Bedroom 0.88
1 Bedroom 1.35
2 Bedrooms 26.71
3 Bedrooms 48.10
4 Bedrooms 19.74
5 or more bedrooms 3.22

Louisburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
24.34% 1.29% 1 2
* 10 is highest

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