Louisville, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Louisville Neighborhoods Since 2000




Louisville, MS 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

Louisville Housing Market Information

With 6,314 people, 2,507 houses or apartments, and a median cost of homes of $89,420, the cost of homes in Louisville is among some of the lowest in the nation. Compared to Mississippi, however, Louisville real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Louisville, accounting for 74.13% 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 ( 14.28%), large apartment complexes or high rise apartments ( 8.62%), and a few row houses and other attached homes ( 1.56%).

The most prevalent building size and type in Louisville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.32% owning and 46.68% renting.

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 1940-1969 ( 38.91%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.13%). There's also some housing in Louisville built before 1939 ( 7.90%).

Louisville Home Appreciation Rates

Appreciation rates for homes in Louisville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.60%, which ranks in the top 40% nationwide. This equates to an annual average Louisville house appreciation rate of 0.83%.

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 -2.04%, 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 0.54%, which equates to an annual appreciation rate of 2.17%.

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

Average Home Values

 

Median Home Value:
$89,420

Louisville, MS HOME PRICES

Value Range
> $1,074,000 0.0
$806,001 - $1,074,000 0.8
$537,001 - $806,000 1.5
$429,001 - $537,000 1.0
$322,001 - $429,000 2.8
$215,001 - $322,000 4.8
$107,001 - $215,000 26.4
$54,001 - $107,000 45.6
$0 - $54,000 17.1

Average for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
84.4105238485878 51.0204081632653

Number Of Homes And Apartments:
2,507

Louisville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MS*
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
32.26% 1.63% 4 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$834 / per month

Homeownership Rate

Homeownership
Owners 53.32
Renters 46.68
Vacant 9.17

Housing Market Details

 

Age of Homes

AGE OF Louisville HOMES
2000 or Newer 9.1
1970 - 1999 44.1
1940 - 1969 38.9
1939 or Older 7.9

Types of Homes

TYPE OF Louisville HOMES
Single-Family 74.1
Townhomes 1.6
Small Apt. Buildings 14.3
Apt. Complexes 8.6
Mobile Homes 1.4
Other 0.0

Home Size

SIZE OF Louisville HOMES
No Bedroom 0.00
1 Bedroom 4.82
2 Bedrooms 25.04
3 Bedrooms 52.50
4 Bedrooms 15.83
5 or more bedrooms 1.81

Popular Communities Near Louisville, MS

Zip Codes in Louisville, MS