Louisville, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Louisville Neighborhoods Since 2000




Louisville, TN 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 4,092, 1,681 total housing units (homes and apartments), and a median house value of $193,767, Louisville real estate is some of the most expensive in Tennessee, although Louisville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Louisville, accounting for 75.68% of the city's housing units. Other types of housing that are prevalent in Louisville include mobile homes or trailers ( 14.75%), large apartment complexes or high rise apartments ( 4.54%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.88%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Louisville. Owner-occupied housing accounts for 76.59% of Louisville's homes, and 70.49% have either three or four bedrooms, which is average sized relative to America.

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 2000 and later ( 21.15%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.85%). There's also some housing in Louisville built before 1939 ( 2.95%).

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 4.51%, which ranks in the top 40% nationwide. This equates to an annual average Louisville house appreciation rate of 0.44%.

Appreciation rates are so strong in Louisville that despite a nationwide downturn in the housing market, Louisville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Louisville appreciation rates continue to be some of the highest in America, at 6.03%, which is higher than appreciation rates in 74.30% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Louisville. Louisville appreciation rates in the latest quarter were at 0.56%, which equates to an annual appreciation rate of 2.26%.

Relative to Tennessee, our data show that Louisville's latest annual appreciation rate is higher than 70% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$193,767

Louisville, TN HOME PRICES

Value Range
> $1,098,000 5.5
$824,001 - $1,098,000 3.3
$549,001 - $824,000 6.0
$439,001 - $549,000 5.3
$329,001 - $439,000 11.4
$220,001 - $329,000 20.0
$110,001 - $220,000 26.6
$55,001 - $110,000 13.9
$0 - $55,000 8.1

Very High for TN
High for Nation

Value Relative to Nation Value Relative to State
33.7864760342201 11.734693877551

Number Of Homes And Apartments:
1,681

Louisville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
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
41.73% 2.04% 7 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,025 / per month

Homeownership Rate

Homeownership
Owners 76.59
Renters 23.41
Vacant 8.14

Housing Market Details

 

Age of Homes

AGE OF Louisville HOMES
2000 or Newer 21.1
1970 - 1999 60.1
1940 - 1969 15.8
1939 or Older 3.0

Types of Homes

TYPE OF Louisville HOMES
Single-Family 75.7
Townhomes 0.3
Small Apt. Buildings 3.9
Apt. Complexes 4.5
Mobile Homes 14.8
Other 0.8

Home Size

SIZE OF Louisville HOMES
No Bedroom 0.55
1 Bedroom 3.61
2 Bedrooms 19.67
3 Bedrooms 53.88
4 Bedrooms 16.61
5 or more bedrooms 5.68