Home prices
The price of the median home in Louisburg is $74,300. It is about $9,280 (11%) lower compared to its surrounding areas.It is roughly $143,200 (65%) lower in comparison to the rest of the country, and compared to the city of Springfield is approximately $43,800 (37%) lower.
Rents
Louisburg's median rent is $475 a month. This is roughly $126 (20%) lower compared to its nearby areas.It is roughly $587 (55%) lower compared to the nation as a whole, and is about $269 (36%) lower in comparison to the city of Springfield.
Nearby places
Urbana
Urbana is about 6 miles north from Louisburg. Its housing prices are similar. The cost of the median home in Urbana is $71,700, which works out to $2,600 (3%) lower than Louisburg. The rent there is a little more expensive. Urbana's median rent is $600 per month, which is $125 (20%) higher than Louisburg.
Buffalo
Buffalo is about 8 miles south from Louisburg. The real estate prices there are a bit more expensive. The median home in Buffalo is valued at $96,500, which is $22,200 (23%) higher than Louisburg. The rent there is significantly more expensive. Buffalo's median rent is $757 a month, which is $282 (37%) higher than Louisburg.
Halfway
Halfway is roughly 10 miles southwest from Louisburg. Housing prices there are a bit more expensive. The median home value in Halfway is $81,900, which comes out to $7,600 (9%) higher than Louisburg. The rent there is a bit more expensive. Halfway's median rent is $567 per month, which comes out to $92 (16%) higher than Louisburg.
Preston
Preston is roughly 13 miles north from Louisburg. Its housing prices are similar. Preston's median home value is $70,900, which works out to $3,400 (4%) lower than Louisburg. Its rents are a little more expensive. In Preston the median rent is $686 per month, which works out to $211 (30%) higher than Louisburg.
Hermitage
Hermitage is roughly 15 miles northwest from Louisburg. The housing prices there are a little more expensive. The price of the median home in Hermitage is $96,900, which is $22,600 (23%) higher than Louisburg. Its rents are a little less expensive. Hermitage's median rent is $394 per month, which comes out to $81 (20%) lower than Louisburg.
