The housing market in Louisville, AL is booming. The median value of homes in the area is $118,000 which is much lower than the national average of $338,100. This provides an opportunity for potential homebuyers to purchase a property at a more affordable price. Additionally, house appreciation has risen 16.13% over the past year compared to the 8.27% national average appreciation rate. With such high growth in the housing market, Louisville is an excellent option for those looking to invest in real estate or buy their first home.
The median home cost in Louisville is $118,000. Home appreciation the last 10 years has been 46.0%. Home Appreciation in Louisville is up 13.3%.
Average Age of Homes
- The median age of Louisville real estate is 44 years old
The Rental Market in Louisville
- Renters make up 23.7% of the Louisville population
- 0.0% of houses and apartments in Louisville, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.