Louisville, TN—37777
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Louisville, TN
As of Oct '25, the median home price in Louisville, TN is $432,000, with a year-over-year change of 0.8%. This indicates that home prices in Louisville, TN are flat. According to Zillow, the 1-year price projection is 3.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $432,000 | 0.8% |
| Single Family | $434,000 | 0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $300,000 | -2.3% |
3 Bed | $432,000 | 1.2% |
4 Bed | $651,000 | 2.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Louisville, TN
As of July '25, Rentcast reports the average rent in Louisville, TN is $1,980, with a year-over-year rent change of 51.1%. Per bedroom, the median rent as of July '25 in Louisville, TN is 1-bedrooms: $1,250, 2-bedrooms: $1,330, 3-bedrooms: $2,370, 4-bedrooms: $2,700. The most common rental property sizes in Louisville, TN are 2-bedroom and 1-bedroom, accounting for 59.3% and 23.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,980 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,340 | $1,250 |
| 2 Bed Rent | $1,300 | $1,330 |
| 3 Bed Rent | $2,200 | $2,370 |
| 4 Bed Rent | $2,500 | $2,700 |
% of Rental Stock
Property Listings — Louisville, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Louisville, TN is 86. This is a increase of 90.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,080,000 | -14.0% |
Listing Count | 55 | 46.0% |
| Listings as % of Homes | 0.3% | 46.0% |
Days on Market | 86 | 90.0% |
Demographics — Louisville, TN
As of the latest ACS Survey released in 2023, Louisville, TN has a population of 13,100, which has increased by 8.6% over the past 5 years. Louisville, TN is a less popular place for families, as children make up 14.7% of the population. The area has a moderately educated workforce, with 26.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,100 | 8.6% |
% Under 18 | 14.7% | -30.0% |
% Seniors | 20.2% | 26.2% |
% WFH | 9.4% | 291.7% |
% w/ College Degree | 26.7% | -8.6% |
As of the latest ACS Survey released in 2023, Louisville, TN is a predominantly white area, with 85.7% of the population identifying as white. The white population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Louisville, TN is hispanic, making up 9.1% of the population. Foreign-born residents account for 7.5% of the population in Louisville, TN, and this percentage has increased by 188.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 85.7% | -2.4% |
% Black | 2.5% | -64.3% |
% Hispanic | 9.1% | 550.0% |
% Asian | 0.4% | -20.0% |
% Foreign Born | 7.5% | 188.5% |
Mortgage and Risk — Louisville, TN
According to HUD data as of 2023, there were 233 mortgage originations in Louisville, TN, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Louisville, TN. Investor activity is low, as 4.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 233 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 4.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 22.0% |
Loan Activity
Rentals and Section 8 — Louisville, TN
As of 2024, the percent of homes in Louisville, TN under the Section 8 program is 2.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Louisville, TN, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 43 |
Total Units Section 8 | 43 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$370 | $1,340 | $970 |
| 2 Bedroom | -$110 | $1,300 | $1,190 |
| 3 Bedroom | -$670 | $2,200 | $1,530 |
| 4 Bedroom | -$700 | $2,500 | $1,800 |
Affordability — Louisville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $432,000 |
| Median Household Income | $74,400 |