Single family detached homes are the most common housing type in Louisville, accounting for 64.27% housing units. Other types of housing that are prevalent in Louisville include large apartment complexes or high-rise apartments (20.35%), duplexes, homes converted to apartments or other small apartment buildings (9.79%), and a few row houses and other attached homes (3.97%).
The most common building size and type in Louisville are three, and four-bedroom dwellings, found mostly in single family detached homes. Zillow currently has 3,944 single family homes for sale in Louisville KY. There are 442 single family homes for rent in Louisville, KY.
Louisville Home Prices and Appreciation Rates
Appreciation rates for homes in Louisville have been above average for the last ten years. The cumulative appreciation rate over the ten years has been 19.58%, which ranks in the top 40% nationwide. This equates to an annual average Louisville house appreciation rate of 1.80%.
Data shows that during the latest twelve months, Louisville’s appreciation rate, at 6.00%, has been at or a little above the national average. In the latest quarter, Louisville’s appreciation rate has been 1.82%, which annualizes to a rate of 7.49%. Relative to Kentucky, Louisville’s latest annual appreciation rate is higher than 70% of the other cities and towns in Kentucky.
10 Highest Appreciating Louisville Neighborhoods Since 2000
1. East Oak Street/Ellison Avenue
2. East Broadway/Barret Avenue
3. Eastern Parkway/Bardstown Road
4. Swan Street/East Oak Street
5. City Center
6. Bardstown Road/Bonnycastle Avenue
7. Frankfort Avenue/Crescent Court
8. East Broadway/South Shelby Street
As rates of home appreciation continue to increase in 2019 make sure you partner with Borders and Borders to ensure smooth closings and successful outcomes. Visit the Borders and Borders Website to lean more.
Data from Neigborhoodscout.com