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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 $386,844, higher than the Tennessee average of $315,131.
The average cost of rent is $980/mo in Louisville, primarily driven by the current value of real estate in the Louisville area. In Louisville, 27.40% of households rent, and 47.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Louisville is $7,599 per month. Households that rent pay about 12.89% of their income on rent here. Louisville’s most expensive areas are in the western 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
- Alcoa, TN: less expensive homes
- Rockford, TN: less expensive homes
- Friendsville, TN: less expensive homes
- Maryville, TN: less expensive homes
- Knoxville, TN: less expensive homes
- Farragut, TN: higher priced homes
- Walland, TN: less expensive homes
- Glendale, TN: less expensive homes
- Lenoir City, TN: less expensive homes
- Seymour, TN: less expensive homes
Cities with Similar Populations
- Forest Acres, SC: less expensive homes
- Fox Lake, IL: less expensive homes
- Fort Scott, KS: less expensive homes
- Fort Pierce South, FL: less expensive homes
- Fort Oglethorpe, GA: less expensive homes
- Fort Meade, MD: higher priced homes
- Fort Madison, IA: less expensive homes
- Fort Bliss, TX: less expensive homes
- Forestdale, AL: less expensive homes
- Forest, MS: less expensive homes
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