Home Price Key
Affordable
Average
Expensive
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 $114,235, lower than the Alabama average of $185,232.
The average cost of rent is $606/mo in Louisville, primarily driven by the current value of real estate in the Louisville area. While nearly 55.34% of residents own their homes outright in Louisville, 32.05% rent.
Housing affordability isn’t just about home prices, though. The average household income in Louisville is $2,902 per month. Households that rent pay about 20.88% of their income on rent here. Louisville's most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Clio, AL: less expensive homes
- Pratts, AL: equally priced homes
- Tyler Crossroads, AL: equally priced homes
- Teals Crossroads, AL: less expensive homes
- Clayton, AL: less expensive homes
- Elamville, AL: less expensive homes
- Blue Springs, AL: less expensive homes
- Texasville, AL: less expensive 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: equally priced homes
- Burlington, IN: higher priced homes
- Vernon, MS: less expensive homes
- Waverly, MO: less expensive homes
- Wheaton, MO: less expensive homes
- Arnold, NE: higher priced homes
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