Louisville, OH Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Louisville, OH Housing Market Trends

With 9,360 people, 3,847 houses or apartments, and a median cost of homes of $164,988, house prices in Louisville are solidly below the national average.

Single-family detached homes are the single most common housing type in Louisville, accounting for 67.41% 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 ( 14.39%), large apartment complexes or high rise apartments ( 12.17%), and a few row houses and other attached homes ( 6.04%).

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 62.64% owning and 37.36% 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 ( 29.54%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.35%). There's also some housing in Louisville built before 1939 ( 12.74%).

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 3.46% during the period.

NeighborhoodScout's data show that during the latest twelve months, Louisville's appreciation rate, at 9.33%, has been at or slightly above the national average. In the latest quarter, Louisville's appreciation rate has been 1.91%, which annualizes to a rate of 7.87%.

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

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:
$164,988

Louisville, OH HOME PRICES

> $1,178,000
0.6%
0.6%
$884,001 - $1,178,000
0.1%
0.1%
$589,001 - $884,000
0.5%
0.5%
$471,001 - $589,000
0.6%
0.6%
$354,001 - $471,000
2.7%
2.7%
$236,001 - $354,000
10.7%
10.7%
$118,001 - $236,000
58.7%
58.7%
$59,001 - $118,000
22.7%
22.7%
$0 - $59,000
3.4%
3.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for OH

Value Relative To Nation

Number Of Homes And Apartments:
3,847

Louisville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
32.90% 1.33%
3
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$829 / per month

Homeownership Rate

Owners
62.6%
62.6%
Renters
37.4%
37.4%
Vacant
5.2%
5.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
18.4%
18.4%
1970 - 1999
39.4%
39.4%
1940 - 1969
29.5%
29.5%
1939 or Older
12.7%
12.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
67.4%
67.4%
Townhomes
6.0%
6.0%
Small Apt. Buildings
14.4%
14.4%
Apt. Complexes
12.2%
12.2%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.0%
1.0%
1 Bedroom
6.5%
6.5%
2 Bedrooms
33.4%
33.4%
3 Bedrooms
45.7%
45.7%
4 Bedrooms
12.5%
12.5%
5 or more bedrooms
0.9%
0.9%
0.0% 100.0%
% OF HOMES