Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 2,150, 1,001 total housing units (homes and apartments), and a median house value of $372,704, Louisa real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Louisa, accounting for 47.35% of the town's housing units. Other types of housing that are prevalent in Louisa include large apartment complexes or high rise apartments ( 36.18%), duplexes, homes converted to apartments or other small apartment buildings ( 12.45%), and a few row houses and other attached homes ( 3.73%).
People in Louisa primarily live in small (one, two or no bedroom) single-family detached homes. Louisa has a mixture of owner-occupied and renter-occupied housing.
Louisa homes and real estate are some of the newest in America. 35.78% of Louisa's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Louisa real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 30.49%), and before 1939 ( 17.65%). There's also some housing in Louisa built between 1940-1969 ( 16.08%).
Real estate appreciation rates in Louisa's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.76% during the period.
Over the last year, Louisa appreciation rates have trailed the rest of the nation. In the last twelve months, Louisa's appreciation rate has been 6.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Louisa were at -1.03%, which equates to an annual appreciation rate of -4.04%.
Notably, Louisa's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Virginia, our data show that Louisa's latest annual appreciation rate is lower than 70% of the other cities and towns in Virginia.
$372,704
for Virginia
for nation
1,001
$1,864 / per month