Louisville, IL—62858
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Louisville, IL
Louisville, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $113,000 | 6.5% |
| Single Family | $113,000 | 8.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Louisville, IL
Louisville, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Louisville, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Louisville, IL is 28. This is a decrease of -64.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 67.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $152,000 | -14.0% |
Listing Count | 3 | -25.0% |
| Listings as % of Homes | 0.1% | -25.0% |
Days on Market | 28 | -64.0% |
Demographics — Louisville, IL
As of the latest ACS Survey released in 2023, Louisville, IL has a population of 3,380, which has increased by 21.3% over the past 5 years. Louisville, IL is a popular place for families, as children make up 26.4% of the population. The area has a poorly educated workforce, with 16.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,380 | 21.3% |
% Under 18 | 26.4% | 37.5% |
% Seniors | 22.7% | 12.9% |
% WFH | 9.5% | 691.7% |
% w/ College Degree | 16.4% | -9.4% |
As of the latest ACS Survey released in 2023, Louisville, IL is a predominantly white area, with 94.7% of the population identifying as white. The white population has shrunk by 0.2% in the last 5 years. The second most common race or ethnicity in Louisville, IL is hispanic, making up 2.2% of the population. Foreign-born residents account for 0.1% of the population in Louisville, IL, and this percentage has decreased by 66.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.7% | -0.2% |
% Black | 1.3% | 0.0% |
% Hispanic | 2.2% | -33.3% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.1% | -66.7% |
Mortgage and Risk — Louisville, IL
According to HUD data as of 2023, there were 24 mortgage originations in Louisville, IL, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Louisville, IL. Investor activity is low, as 8.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 24 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Louisville, IL
Louisville, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 33 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | N/A | N/A | $1,020 |
| 3 Bedroom | N/A | N/A | $1,340 |
| 4 Bedroom | N/A | N/A | $1,450 |
Affordability — Louisville, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $113,000 |
| Median Household Income | $62,500 |