Market Overview
Home Prices in Louisville, MS
The median home value in Louisville, MS is $145,789 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4% compared to a year ago and down 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Louisville are priced64% below average.
Over the past five years, Louisville home values have risen by approximately12.5%, reflecting steady appreciation in this market.
Price History
Louisville Home Price Trend
2020
$110,575
$111K
—
2021
$129,575
$130K
+17.2%
2022
$145,597
$146K
+12.4%
2023
$143,824
$144K
-1.2%
2024
$144,578
$145K
+0.5%
2025
$140,209
$140K
-3.0%
2026
$145,789
$146K
+4.0%
City Comparison
Louisville vs. National Median
🏠 Louisville
$145,789
National Median
$410,000
At $145,789, homes in Louisville cost 64% below the national median of $410,000. This makes Louisville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Louisville?
20% Down Payment
$29,158
on $145,789
Monthly P&I
$760/mo
30-yr @ 6.8%
Total Monthly Est.
~$965/mo
incl. taxes & insurance
Income Needed
$38,600
gross annual (30% rule)
10% Down Option
$14,579
+ PMI applies
Loan Amount (20% dn)
$116,631
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Louisville, MS?
The median home value in Louisville is $145,789 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4% year-over-year.
How much have home prices changed in Louisville?
Over the past year, home values in Louisville have increased by 4%. Over five years, prices have risen approximately 12.5%.
How much do I need to earn to buy a home in Louisville?
To comfortably afford the median home price of $145,789 with a 20% down payment ($29,158) at today's rates (6.8%), you'd need a gross annual income of approximately $38,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Louisville compare to the national average home price?
The national median home value is approximately $410,000. At $145,789, homes in Louisville are 64% below the national average.