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These days, finding an affordable place to live in the Louisburg area can be challenging. Home prices in Louisburg are now at a median cost of $232,374, lower than the Minnesota average of $345,793.
The average cost of rent is $869/mo in Louisburg, primarily driven by the current value of real estate in the Louisburg area. In Louisburg, 9.35% of households rent, and 74.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Louisburg is $5,796 per month. Households that rent pay about 14.99% of their income on rent here. Louisburg’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bellingham, MN: less expensive homes
- Madison, MN: less expensive homes
- Appleton, MN: less expensive homes
- Correll, MN: less expensive homes
- Holloway, MN: less expensive homes
- Rosen, MN: less expensive homes
- Milan, MN: less expensive homes
- Dawson, MN: less expensive homes
- Odessa, MN: less expensive homes
- Nassau, MN: less expensive homes
Cities with Similar Populations
- Glen Summit, PA: higher priced homes
- Varnum, NC: higher priced homes
- Vann Crossroads, NC: less expensive homes
- Vandyke, VA: less expensive homes
- Vanderburg, KY: less expensive homes
- Vandemere, NC: less expensive homes
- Valeria, KY: less expensive homes
- Grelton, OH: less expensive homes
- Goodland, MN: equally priced homes
- Godwinsville, GA: less expensive homes
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