Louisburg, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Louisburg, KS Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Louisburg Housing Market Information

With 4,276 people, 1,776 houses or apartments, and a median cost of homes of $202,240, 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 81.32% 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 ( 9.37%), row houses and other attached homes ( 4.90%), and a few mobile homes or trailers ( 2.29%).

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 64.23% owning and 35.77% 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 ( 34.97%). A lesser amount of the housing stock also hails from before 1939 ( 15.90%). There's also some housing in Louisburg built between 1940-1969 ( 9.86%).

Louisburg Home Appreciation Rates

Appreciation rates for homes in Louisburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.16%, which ranks in the top 50% nationwide. This equates to an annual average Louisburg house appreciation rate of 0.12%.

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 6.27%, which is higher than appreciation rates in 76.29% 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 -0.04%, which equates to an annual appreciation rate of -0.17%.

Relative to Kansas, our data show that Louisburg's latest annual appreciation rate is higher than 80% of the other cities and towns in Kansas.

Average Home Values

 

Median Home Value:
$202,240

Louisburg, KS HOME PRICES

Value Range
> $1,136,000 1.6
$852,001 - $1,136,000 0.9
$568,001 - $852,000 2.4
$455,001 - $568,000 5.1
$341,001 - $455,000 9.0
$227,001 - $341,000 22.7
$113,001 - $227,000 44.6
$57,001 - $113,000 9.8
$0 - $57,000 3.9

Very High for KS
High for Nation

Value Relative to Nation Value Relative to State
31.7414742763389 7.80141843971631

Number Of Homes And Apartments:
1,776

Louisburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
26.37% 1.37% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,176 / per month

Homeownership Rate

Homeownership
Owners 64.23
Renters 35.77
Vacant 3.27

Housing Market Details

 

Age of Homes

AGE OF Louisburg HOMES
2000 or Newer 35.0
1970 - 1999 39.3
1940 - 1969 9.9
1939 or Older 15.9

Types of Homes

TYPE OF Louisburg HOMES
Single-Family 81.3
Townhomes 4.9
Small Apt. Buildings 9.4
Apt. Complexes 2.1
Mobile Homes 2.3
Other 0.0

Home Size

SIZE OF Louisburg HOMES
No Bedroom 0.00
1 Bedroom 4.25
2 Bedrooms 25.93
3 Bedrooms 48.42
4 Bedrooms 18.79
5 or more bedrooms 2.61

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Zip Codes in Louisburg, KS