The typical owner-occupied home in Louisville is worth about $120,400, 60% below the Georgia median of $303,300 and 64% below the national median of $332,700. Owners pay a median $973 a year in property taxes, about 0.81% of their home's value, close to the Georgia rate of 0.77%. The median household earns $49,821 a year, so the median home costs 2.4 times the median income (3.9 times for Georgia). 62% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Louisville at a glance
| Louisville | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $120,400 | $303,300 | $332,700 |
| Median property tax paid per year | $973 | $2,341 | $3,119 |
| Property tax as a share of value | 0.81% | 0.77% | 0.94% |
| Median household income | $49,821 | $77,353 | $80,734 |
| Homes lived in by their owners | 62% | 66% | 65% |
| Owner homes with a mortgage | 46% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $1,253 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 26.1% | 20.0% | 21.0% |
| Median rent | $654 | $1,393 | $1,413 |
| Rent as a share of renters' income | 22.2% | 31.3% | 30.6% |
| Median year homes were built | 1973 | 1992 | 1980 |
| Vacant homes | 16.4% | 10.3% | 10.1% |
| Population | 2,132 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Louisville
At this week's average 30-year rate of 7.11%, buying the median Louisville home of $120,400 with 20% down costs about $779 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $980, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $33,402 for the 20%-down payment. That payment is 19% of the median Louisville household income of $49,821; at that income and 20% down, the 28% guideline points to a home of about $180,000.
The median rent here is $654 a month, so owning the median home costs about $125 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $24,080 |
|---|---|
| Loan amount | $96,320 |
| Principal and interest | $648 |
| Property taxes (0.81% a year) | $81 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| PMI | $0 |
| Total per month | $779 |
Change the numbers in the calculator
| Down payment | $4,214 |
|---|---|
| Loan amount | $118,219 |
| Principal and interest | $795 |
| Property taxes (0.81% a year) | $81 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| FHA mortgage insurance | $53 |
| Total per month | $980 |
Change the numbers in the calculator
Questions about home buying in Louisville
What is the median home value in Louisville?
About $120,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Louisville?
Homeowners pay a median $973 a year, which is about 0.81% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Louisville?
For the median home with 20% down at 7.11%, the payment is about $779 a month. Keeping that under 28% of gross income takes about $33,402 a year.
More about Louisville
- Mortgage Refinance in Louisville
- Debt Relief in Louisville
- Home Equity Loans in Louisville
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data