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LOUISVILLE ENERGY ACTION PLAN <br />projections approximate about an additional 220 units to be added annually through 2021.5 Figure 5 shows <br />the relative age of Louisville's housing stock. <br />Built 2000 and <br />later <br />7% <br />Built 1939 or <br />earlier <br />Q <br />0 <br />Built 1970 to <br />AO 1979 <br />Alp-- 17% <br />Built 1980 to <br />1989 <br />33% <br />Built 1940 to <br />1949 <br />1% <br />Built 1950 to <br />1959 <br />Builth1?60 to <br />1969 <br />3% <br />2014 American Community Survey 5 -Year Estimates <br />Figure 5. Original Year of Construction of Louisville's Housing Stock <br />Property values have been on the rise over the past decade leading to city-wide affordability challenges. <br />The median home value has been increasing over 2.5% per year6 reaching $385,300 in 2014, 61% higher <br />than the state average. Median sales prices have increased approximately 37% since 2012, and 19% over <br />2015 alone. 7 Renters, in particular, are disproportionately experiencing affordability challenges with more <br />than 50% of households spending 30% or greater of their income on housing and utilities costs. Figure 6 <br />shows the breakdown of cost -burdened households in Louisville. <br />of Cost-burdened Households <br />5 City of Louisv <br />6 http://factfindE <br />7 Trulia <br />70 <br />60 <br />50 <br />40 <br />30 <br />20 <br />10 <br />0 <br />53.9 <br />30.9 <br />62,8 <br />23.1 <br />2013 2014 <br />Cost Burdened Renters Cost Burdened Owners <br />2014 American Community Survey 5 -Year Estimates <br />Figure 6. Cost Burdened Households in Louisville <br />13 <br />