Louisa, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Louisa Neighborhoods Since 2000




Louisa, VA 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

Louisa Housing Market Information

With a population of 1,621, 796 total housing units (homes and apartments), and a median house value of $176,865, Louisa real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Louisa, accounting for 52.67% of the town's housing units. Other types of housing that are prevalent in Louisa include large apartment complexes or high rise apartments ( 32.98%), duplexes, homes converted to apartments or other small apartment buildings ( 11.15%), and a few row houses and other attached homes ( 2.02%).

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 ( 26.22%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.25%). There's also some housing in Louisa built before 1939 ( 13.52%).

Louisa Home Appreciation Rates

Homes have actually lost value in Louisa over the last then years, as home values have seen a decline of 21.05% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Louisa home appreciation rates at -1.60%, which equates to an annual appreciation rate of -6.23%.

Over the last year, Louisa appreciation rates have trailed the rest of the nation. In the last twelve months, Louisa's appreciation rate has been -0.33%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Louisa were at -1.60%, which equates to an annual appreciation rate of -6.23%.

Notably, Louisa's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$176,865

Louisa, VA HOME PRICES

Value Range
> $1,014,000 0.0
$760,001 - $1,014,000 0.0
$507,001 - $760,000 0.8
$405,001 - $507,000 3.1
$304,001 - $405,000 7.1
$203,001 - $304,000 31.6
$102,001 - $203,000 38.0
$51,001 - $102,000 10.2
$0 - $51,000 9.2

Average for VA
High for Nation

Value Relative to Nation Value Relative to State
39.2329778506973 55.6786703601108

Number Of Homes And Apartments:
796

Louisa Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
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
32.34% 1.64% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$992 / per month

Homeownership Rate

Homeownership
Owners 40.86
Renters 59.14
Vacant 5.58

Housing Market Details

 

Age of Homes

AGE OF Louisa HOMES
2000 or Newer 16.3
1970 - 1999 44.0
1940 - 1969 26.2
1939 or Older 13.5

Types of Homes

TYPE OF Louisa HOMES
Single-Family 52.7
Townhomes 2.0
Small Apt. Buildings 11.2
Apt. Complexes 33.0
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF Louisa HOMES
No Bedroom 2.25
1 Bedroom 12.57
2 Bedrooms 37.13
3 Bedrooms 25.39
4 Bedrooms 17.56
5 or more bedrooms 5.10

Popular Neighborhoods in Louisa

Zip Codes in Louisa, VA