Louisa, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Louisa, KY Real Estate Data


Louisa Housing Market Information

With a population of 2,455, 1,074 total housing units (homes and apartments), and a median house value of $113,360, house prices in Louisa are solidly below the national average.

Single-family detached homes are the single most common housing type in Louisa, accounting for 56.39% of the city's housing units. Other types of housing that are prevalent in Louisa include duplexes, homes converted to apartments or other small apartment buildings ( 19.69%), large apartment complexes or high rise apartments ( 16.19%), and a few mobile homes or trailers ( 5.94%).

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

There is a lot of housing in Louisa 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 Louisa built between 1940-1969 ( 20.75%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.71%). There's also some housing in Louisa built before 1939 ( 15.38%).

Vacant housing appears to be an issue in Louisa. Fully 12.61% of the housing stock is classified as vacant. Left unchecked, vacant Louisa homes and apartments can be a drag on the real estate market, holding Louisa real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Louisa Home Appreciation Rates

In the last 10 years, Louisa has experienced some of the highest home appreciation rates of any community in the nation. Louisa real estate appreciated 20.26% over the last ten years, which is an average annual home appreciation rate of 1.86%, putting Louisa in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Louisa definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Louisa's appreciation rate, at 4.50%, has been at or slightly above the national average. In the latest quarter, Louisa's appreciation rate has been 0.86%, which annualizes to a rate of 3.48%.

Relative to Kentucky, our data show that Louisa's latest annual appreciation rate is higher than 60% of the other cities and towns in Kentucky.

Average Home Values

 

Median Home Value:
$113,360

Louisa, KY HOME PRICES

Value Range
> $1,076,000 0.5
$807,001 - $1,076,000 0.0
$538,001 - $807,000 3.6
$430,001 - $538,000 0.0
$323,001 - $430,000 3.3
$215,001 - $323,000 7.0
$108,001 - $215,000 35.5
$54,001 - $108,000 33.6
$0 - $54,000 16.5

Average for KY
Low for Nation

Value Relative to Nation Value Relative to State
69.1374663072776 45.6140350877193

Number Of Homes And Apartments:
1,074

Rent & Ownership

 

Average Market Rent:
$621 / per month

Homeownership Rate

Homeownership
Owners 41.30
Renters 58.70
Vacant 12.61

Housing Market Details

 

Age of Homes

AGE OF Louisa HOMES
2000 or Newer 18.7
1970 - 1999 45.2
1940 - 1969 20.7
1939 or Older 15.4

Types of Homes

TYPE OF Louisa HOMES
Single-Family 56.4
Townhomes 1.8
Small Apt. Buildings 19.7
Apt. Complexes 16.2
Mobile Homes 5.9
Other 0.0

Home Size

SIZE OF Louisa HOMES
No Bedroom 2.69
1 Bedroom 12.69
2 Bedrooms 33.85
3 Bedrooms 29.70
4 Bedrooms 18.55
5 or more bedrooms 2.52

Louisa Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
49.13% 2.34% 9 6
* 10 is highest

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Zip Codes in Louisa, KY