Louisville, IL
Full City Profile · Illinois · Clay County County
3.1
/5.0
B
Good
1,288
Population
1,552/sq mi density
$44,318
Median Income
$23,224 per capita
$86,300
Home Value
$129,059 Zillow
$629
Median Rent
26.1% income on rent
56°F
Avg Temperature
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
D
Economy
1.9 / 5.0
$44,318 median income, 10.6% unemployment
A+
Affordability
5.0 / 5.0
$86,300 home value, $629/mo rent
C+
Education
2.5 / 5.0
19.1% bachelor's degree or higher
Housing Overview
Median Home Value
$86,300
69% below
US avg: $281,900
Median Rent
$629/mo
46% below
US avg: $1,163/mo
Homeownership Rate
65.0%
1% below US avg (65.4%)
Total Housing Units
537
Median year built: 1971
Home Value by Source
Census Median
$86,300
Zillow (ZHVI)
$129,059
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
65.0%
Owner-Occupied
35.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent:
$629/mo
Affordability & Housing Stock
Rent Burden
26.1%
of renters spending 30%+ of income on housing
16% below US avg (31.0%)
Median Year Built
1971
Average age of housing stock: 55 years
Homeownership Rate
65.0%
Complete Housing Data
Home Values
| Census Median Value | $86,300 |
| Zillow Home Value (ZHVI) | $129,059 |
Rent
| Census Median Rent | $629 |
| FMR Studio | $774 |
| FMR 1-Bedroom | $854 |
| FMR 2-Bedroom | $1,063 |
| FMR 3-Bedroom | $1,370 |
| FMR 4-Bedroom | $1,561 |
Market
Ownership & Stock
| Owner-Occupied | 65.0% |
| Renter-Occupied | 35.0% |
| Homeownership Rate | 65.0% |
| Total Housing Units | 537 |
| Median Year Built | 1971 |
| Rent Burden | 26.1% |