Homeownership has been shown to correspond with increased educational achievement, civic participation, and health. Boosting homeownership rates is important because homeowners are typically more invested in their communities and can help ensure that Louisville is a prosperous city for all.

Peer City Perspective

Louisville currently ranks 6th among its peers in the overall percentage of housing units that are owned.

That puts Louisville in the middle tier of its peers according to a natural breaks algorithm. Cities in green are those that outperform their peers. Cities in yellow represent the middle cluster, and those in red lag behind their peers on this indicator.

Trends over Time

Homeownership rates appear to be trending upward after they declined significantly in the years following the Great Recession. In Louisville particularly, the homeownership rate has spiked in recent years. It now sits at nearly 62%. That is above the peer average of nearly 60%.

Best and Worst Peer Performers

Greenville saw a sharp uptick in its homeownership rate in recent years, making it the best performer of the group. Memphis did not see the same rebound in its homeownership rate and instead saw its rate decrease by more than 8 percentage points since 2000. Louisville ultimately saw a smaller decrease in its homeownership rate than its peers.

Differences by Sex

Homeownership rates among men in Louisville fell significantly following the Great Recession and have been rising modestly in recent years. In contrast, homeownership rates among women in Louisville increased slightly after the Great Recession and have since remained relatively flat.

Differences by Race

The White homeownership rate sits significantly above the homeownership rates of other races in Louisville and its peer cities. In Louisville, the rates among Black and Hispanic homeowners are roughly equivalent.