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City · 5,983 residents · Winston County, Mississippi

Louisville , Mississippi

In Louisville, a typical home is worth $136,600 and typical rent is $617 a month. Compared with all of Winston County, typical household income is 30% lower, typical rent is 14% lower, and the share of households that own their home is 11 points lower.

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  • Typical home value

    $136,600

    10% above the county

    20% below Mississippi

    • Louisville
    • Winston
    • Mississippi

  • Typical rent

    $617a month

    14% below the county

    35% below Mississippi

    • Louisville
    • Winston
    • Mississippi

  • Typical household income

    $36,985a year

    30% below the county

    34% below Mississippi

    • Louisville
    • Winston
    • Mississippi

  • Households that own their home

    62%

    11 points below the county

    8 points below Mississippi

    • Louisville
    • Winston
    • Mississippi

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$151,496
7.2% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Louisville is in Winston County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Winston County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Louisville apart

What this place has that others do not, from public data, most unusual first.

  1. Louisville has the 2nd lowest typical rent of the 66 cities in Mississippi with more than 5,000 people ($617).

  2. Nearby, in Philadelphia, the typical home value is $97,300: 29% less than in Louisville ($136,600).

  3. The typical household income in Louisville is $36,985, 30% less than in Winston County as a whole ($53,031).

  4. According to Zillow, in the 12 months to September 2026 the typical home value in Louisville rose 7.2%; in Mississippi, it rose 2.2%.

  5. 62% of households in Louisville own their home, against 73% in Winston County.

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Louisville

What homes there are in Louisville, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is the most common home in Louisville: 79% of homes, near the figure in Winston County (78%).

Year built

Homes in Louisville are older: the typical year built is 1974; in Winston County, 1978.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,082 a month

Winston County: $1,173 a month

Without a mortgage

$400 a month

Winston County: $442 a month

Owners with a mortgage

49%

Winston County: 41%

Owning costs less in Louisville: with a mortgage, the typical cost is $1,082 a month; in Winston County, $1,173. Without one, $400.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Louisville rose 64% since 2015–2019, more than in Winston County (47%).

Rent in Louisville moved so little since 2015–2019 that the Census cannot say whether it rose or fell.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureLouisvilleWinston CountyMississippiUnited States
Rental vacancy Unreliable estimateUnreliable estimate8.2%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimateUnreliable estimate2.2%3.4%
People per household 2.282.402.492.53
Drive alone 88%85%82%69%
Carpool Unreliable estimate5%9%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike Unreliable estimateUnreliable estimate1%3%
Work from home Unreliable estimate4%6%15%
Other means Unreliable estimate7%1%2%
Typical commute Unreliable estimateUnreliable estimate20 to 29 minutes20 to 29 minutes

Households in Louisville are smaller: 2.28 people on average; in Winston County, 2.40.

In Louisville, 88% of workers drive alone to work; in Winston County, 85%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Louisville?

A typical home is tight for the typical income

We start with a typical home in Louisville, worth $136,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 35% of the typical household income in Louisville, which is $36,985 a year. For that payment to be 28% of income, a household would need to earn about $46,799 a year.

The calculator's FHA and conventional loan limits are those of all of Winston County.

Your numbers

Local data
$

Starts at the typical home value in Louisville. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $4,781 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,092

at 7.18% · 30 years

Loan amount
$134,126
Total interest
$192,976
Paid off in
November 2056

Includes $2,307 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $863 a month

  • Tight

    $863 to $1,110 a month

    Your payment · 35%

  • Hard

    more than $1,110 a month

Compared with the typical household income in Louisville ($36,985 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,092
Principal & interest$909
Property tax$66
Home insurance$57
FHA mortgage insurance (MIP)$60

You need at least $4,781 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Louisville and Winston County

Louisville is in Winston County, Mississippi. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Louisville's own numbers

Typical home value
$136,600
Typical monthly rent
$617
Typical yearly household income
$36,985
Households that own their home
62%
Effective property tax rate
0.58%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Winston County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$905
Price change over 5 years (FHFA)
+35%
Homes in a high flood-risk zone
1.6%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Winston County.

Everything about Winston County

Buying

Buying a home in Louisville

A typical home in Louisville is worth $136,600: 10% above the county and 20% below Mississippi. With the typical household income in Louisville ($36,985 a year), a typical home costs 3.7 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Louisville 3.7 years
  • Winston 2.3 years
  • Mississippi 3.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Winston County

According to FHFA’s house price index, home prices in Winston County rose 40% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Winston County.

Period County Mississippi U.S.
Last year (2025) −10.4% +3.5% +2.9%
5 years (2020–2025) +35% +42% +47%
10 years (2015–2025) +40% +62% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Louisville next to Winston County, Mississippi and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Louisville $136,600
  • Winston $124,600
  • Mississippi $169,800
  • United States $332,700
Typical monthly rent
  • Louisville $617
  • Winston $721
  • Mississippi $954
  • United States $1,413
Typical yearly household income
  • Louisville $36,985
  • Winston $53,031
  • Mississippi $56,447
  • United States $80,734
See the full table
Louisville next to Winston County and Mississippi
Measure Louisville Winston County Mississippi U.S.
Typical home value $136,600 $124,600 $169,800 $332,700
Typical monthly rent $617 $721 $954 $1,413
Typical yearly household income $36,985 $53,031 $56,447 $80,734
Households that own their home 62% 73% 70% 65%
Typical yearly property tax $798 $806 $1,215 $3,119
Effective property tax rate 0.58% 0.65% 0.72% 0.94%
Renters with high rent for their income 49% 50% 51% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Winston County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Louisville

For a typical $136,600 home in Louisville, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Louisville's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,092a month

    Least cash to close
    Down payment
    $4,781
    Cash to close
    $8,879
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $60

  • Conventional, 5% down $1,067a month

    Down payment
    $6,830
    Cash to close
    $10,928
    Rate
    7.18%
    Mortgage insurance
    PMI · $65

  • Conventional, 20% down, no PMI $863a month

    Down payment
    $27,320
    Cash to close
    $31,418
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $990a month

    Down payment
    $20,490
    Cash to close
    $24,588
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Louisville and for Winston County.

Property tax

Effective rate in Louisville

0.58%of the home’s value each year

$798 a year for the typical owner in Louisville.

  • Louisville 0.58%
  • Winston 0.65%
  • Mississippi 0.72%

What Mississippi publishes Regular homestead exemption (Tier 1) (Mississippi Department of Revenue)

Exemptions and deadlines in Mississippi

Flood risk in Winston County

FEMA does not publish these numbers by city: they are for all of Winston County.

Homes in the high-risk zone
1.6%
116
Of those, with NFIP insurance
8.6%
County Mississippi U.S.
Homes in the high-risk zone 1.6% 7.6% 3.5%
Of those, with NFIP insurance 8.6% 33% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Louisville

Typical rent in Louisville is $617 a month: 14% below the county. In Louisville, 49% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Winston County, by unit size. To pay the 2-bedroom one ($905 a month) without spending more than 30% of your income, you would need to earn $17.40 an hour working full time.

HUD fair market rent for all of Winston County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $761 $14.63 $30,440
1 bedroom $831 $15.98 $33,240
2 bedrooms $905 $17.40 $36,200
3 bedrooms $1,185 $22.79 $47,400
4 bedrooms $1,189 $22.87 $47,560

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Louisville

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Louisville is in ZIP code 39339.

For 2 bedrooms it is $910: $5 more than the fair market rent for Winston County ($905).

  • 39339 $910$1,180

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Louisville when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Louisville

HUD lists 9 buildings with rents for lower incomes in Louisville. These are the largest.

  • Louisville Ha 953 N Court Ave, Louisville 39339 154 low-income homes · Run by The Housing Authority of the City of Louisville · Average payment: $292 a month · Average wait: 18 months · Homes at several sites (601) 773-3761
  • Winston Place Apts 1658 Highway 15 S, Louisville 39339 80 homes, 78 low-income · 1 bd: 8 · 2 bd: 52 · 3 bd: 20 · In service since 2008
  • Hudson Place 158 Brown Ave, Louisville 39339 35 low-income homes · 1 bd: 1 · 3 bd: 26 · 4 bd: 8 · In service since 2015 · For families
  • Westside Apts 200 S Montgomery Ave, Louisville 39339 32 low-income homes · 2 bd: 33 · In service since 1992 · For people with disabilities, families
  • Auburn Apts 206 Ivy Ave, Louisville 39339 16 low-income homes · 2 bd: 12 · 3 bd: 4 · In service since 1991 · For families

See all 9 buildings in Winston County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Louisville

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Winston County. The nearest ones are below; many serve by phone or online.

A man leans over the armchair to help a teenage girl with her book.

HUD counseling is free or low-cost

Assistance programs in Louisville

No down payment, repair or rent-help program on our list is for Louisville or Winston County. The ones below are statewide in Mississippi: they work in Louisville the same as in the rest of the state.

Which programs do I qualify for? All programs in Mississippi

  • Smart7 Mortgage Program

    Statewide in Mississippi

    Mississippi state corporation 30-year mortgage with $7,000 for the down payment or closing costs as a 0% second mortgage, repaid when you sell, refinance, stop living in the home or pay off the mortgage; no first-time buyer requirement. Offered by Mississippi Home Corporation (MHC).

    Deferred

    See the program Official page

  • Easy8

    Statewide in Mississippi

    Mississippi state corporation 30-year mortgage with $8,000 at 0% as a second mortgage for the down payment, closing costs or prepaid expenses, repaid when you sell, refinance, stop living in the home or pay off the mortgage; for first-time buyers, except in designated areas and for veterans. Offered by Mississippi Home Corporation (MHC).

    Deferred

    See the program Official page

  • Home4All

    Statewide in Mississippi

    Mississippi state corporation forgivable grant, with federal HOME funds, of up to $25,000 for the down payment, closing costs or to reduce the principal; for first-time buyers with incomes under 80% of the area median and a fixed-rate mortgage; if you sell before 5 or 10 years (depending on the amount), you may repay part of it. Offered by Mississippi Home Corporation (MHC).

    Grant

    See the program Official page

Housing counselors near Louisville

The HUD-approved agencies closest to the center of Louisville, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • NSC (naca Counseling Subsidiary) - Jackson, MS

    405 Briarwood Dr, Jackson · 82 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (601) 922-4008

  • Mississippi Housing Partnership, Inc.

    1217 N West St, Jackson · 86 miles away

    • Mortgage delinquency and default
    • Budget and credit workshops
    • and 4 more
    (601) 969-1895

  • Housing Education and Economic Development, Inc.

    3405 Medgar Evers Blvd, Jackson · 86 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    (601) 981-1960

All counseling agencies in Mississippi

Help in Spanish near Louisville

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Louisville

HUD’s record names them for Louisville or Winston County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • The Housing Authority of the City of Louisville Public housing (601) 773-3761

All housing agencies in Mississippi Source: HUD

Cities

Nearby cities

The cities closest to Louisville, with the typical home value.

Everything about Winston County Housing in Mississippi

Neighboring counties

If Winston County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Louisville.

All guides
A mother smiles as she carries her young daughter on her shoulders (black and white).

Questions

Housing questions about Louisville

Short answers with the numbers for Louisville and all of Winston County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Louisville?

The typical home value in Louisville is $136,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Winston County it is $124,600.

How much does it cost to rent in Louisville?

Typical rent in Louisville is $617 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Winston County is $905.

What is the FHA loan limit in Louisville?

Louisville uses the FHA limit for all of Winston County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Louisville?

The typical homeowner in Louisville pays $798 a year, according to the U.S. Census Bureau. That is 0.58% of the home’s value; in Winston County, the rate is 0.65%.

Where can I find free help to buy or rent in Louisville?

We found no HUD-approved counseling agencies with an office in Winston County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).