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Exhibit 15: Average Home Sales Price, Louisville and Comparison Geographies, 2023
<br />Source: Redfin
<br />$550K $580K $681K 685K $754K $831K $912K
<br />Longmont Lafayette Boulder Erie Superior Louisville Boulder
<br />County
<br />While home sales prices rose dramatically across all comparison jurisdictions in Boulder County
<br />from 2012 to 2023, Louisville experienced the second highest rate of increase behind Longmont.'
<br />Over the time period, the average home price in Louisville increased by about $473,000, or 132%.
<br />Exhibit 16: Change in Average Home Sales Price, Louisville and Comparison Geographies, 2012-
<br />2023
<br />Source: Redfin
<br />Longmont
<br />$226,000
<br />$550,000
<br />$324,000
<br />143%
<br />Louisville
<br />$358,000
<br />$831,000
<br />$473,000
<br />132%
<br />Boulder
<br />$420,000
<br />$912,000
<br />$492,000
<br />117%
<br />Erie
<br />$315,000
<br />$685,000
<br />$370,000
<br />117%
<br />Boulder County
<br />$314,000
<br />$681,000
<br />$367,000
<br />110%
<br />Lafayette
<br />$281,000
<br />$580,000
<br />$299,000
<br />107%
<br />Superior
<br />$409,000
<br />$754,000
<br />$387,000
<br />106%
<br />Rental Housing
<br />As of 2023, Costar reported the average rents in Louisville as $1,961, just slightly higher than the
<br />County as a whole.
<br />Exhibit 17: Average Multifamily Rents, Louisville and Comparison Geographies, 2023
<br />Source: Costar
<br />$1,665 $1,867 $1,917 $1,961 $2,078 $2,406 $2,442
<br />Longmont Lafayette Boulder Louisville Boulder Superior Erie
<br />County
<br />Like home sales prices, rent rates rose significantly across all geographies over the past decade.
<br />According to Costar data, Louisville multifamily rents increased by $721, or 58%, from 2012 to
<br />2023.
<br />Exhibit 18: Change in Average Multifamily Rents, Louisville and Comparison Geographies, 2012-
<br />2023
<br />Source: Costar
<br />Superior $1,507
<br />Louisville $1,240
<br />Longmont $1,107
<br />Redfin began collecting housing data in 2012.
<br />$2,406
<br />$899 60%
<br />$1,961
<br />$721 58%
<br />$1,665
<br />$558 50%
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<br />Louisville Housing Plan Part 2: Housing Needs and Market Assessment
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