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Affordable
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These days, finding an affordable place to live in the Louisville area can be challenging. Home prices in Louisville are now at a median cost of $91,693, lower than the Alabama average of $228,911.
The average cost of rent is $593/mo in Louisville, primarily driven by the current value of real estate in the Louisville area. In Louisville, 29.48% of households rent, and 62.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Louisville is $4,133 per month. Households that rent pay about 14.35% of their income on rent here. Louisville’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Clio, AL: higher priced homes
- Pratts, AL: higher priced homes
- Tyler Crossroads, AL: higher priced homes
- Teals Crossroads, AL: higher priced homes
- Clayton, AL: equally priced homes
- Elamville, AL: higher priced homes
- Blue Springs, AL: higher priced homes
- Texasville, AL: higher priced homes
- Buckhorn, AL: equally priced homes
- Josie, AL: equally priced homes
Cities with Similar Populations
- White Mills, PA: higher priced homes
- Boston, VA: higher priced homes
- Boulder Junction, WI: higher priced homes
- Bradenton Beach, FL: higher priced homes
- Branch, MI: higher priced homes
- Burlington, IN: higher priced homes
- Vernon, MS: higher priced homes
- Waverly, MO: higher priced homes
- Wheaton, MO: higher priced homes
- Arnold, NE: higher priced homes
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