Louisville, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Louisville, OH 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 a population of 9,126, 3,764 total housing units (homes and apartments), and a median house value of $144,940, Louisville real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Louisville, accounting for 65.34% 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 ( 19.01%), large apartment complexes or high rise apartments ( 11.07%), and a few row houses and other attached homes ( 4.58%).

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 60.56% owning and 39.44% 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 ( 33.90%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.25%). There's also some housing in Louisville built before 1939 ( 11.80%).

Louisville Home Appreciation Rates

Real estate appreciation rates in Louisville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.42% during the period.

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 2.96%, 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 0.95%, which equates to an annual appreciation rate of 3.83%.

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

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:
$144,940

Louisville, OH HOME PRICES

Value Range
> $1,104,000 0.0
$828,001 - $1,104,000 0.1
$552,001 - $828,000 0.1
$442,001 - $552,000 0.3
$331,001 - $442,000 2.3
$221,001 - $331,000 9.0
$111,001 - $221,000 55.4
$55,001 - $111,000 27.9
$0 - $55,000 4.9

Average for OH
Average for Nation

Value Relative to Nation Value Relative to State
52.2090706668229 41.0761154855643

Number Of Homes And Apartments:
3,764

Louisville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
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
5.39% 0.31% 4 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$981 / per month

Homeownership Rate

Homeownership
Owners 60.56
Renters 39.44
Vacant 4.85

Housing Market Details

 

Age of Homes

AGE OF Louisville HOMES
2000 or Newer 13.2
1970 - 1999 41.1
1940 - 1969 33.9
1939 or Older 11.8

Types of Homes

TYPE OF Louisville HOMES
Single-Family 65.3
Townhomes 4.6
Small Apt. Buildings 19.0
Apt. Complexes 11.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Louisville HOMES
No Bedroom 0.00
1 Bedroom 3.77
2 Bedrooms 33.87
3 Bedrooms 47.72
4 Bedrooms 12.44
5 or more bedrooms 2.20