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Louisburg

Louisburg

Located in Franklin County

$307,155 Average Value
$204 Average Price per Sq Ft
43 Homes For Sale

Rural atmosphere and college town chic in Louisburg

Louisburg offers the atmosphere of both a quaint Southern village and a hip college town, just a few streets apart. South of the Tar River are narrow residential streets, modest residences and local churches, while north of the river is the private Louisburg College, along with dive bars, tattoo shops and thrift stores downtown. "It adds a little bit of college life to the town," says Barry Wilkins, a broker at Stellar Realty Group who has lived and worked in Louisburg for nearly 20 years. "It gives it a diverse culture of young and old that has helped revitalize the downtown." Louisburg is also on the outskirts of the Research Triangle Park region of North Carolina, known for the major colleges and universities around Raleigh, Durham and Chapel Hill. The demand for housing around these major hubs has driven many buyers outward to rural communities like Louisburg. Aside from its proximity to major cities, Louisburg has a vibrant community spirit, with local farms and events that unite neighbors, like the annual whole-hog barbeque contest.

Thriving downtown with small businesses

Louisburg's small downtown area features thrift stores like Safe Space Inc., Thrifties, and the Louisburg Flea Market for various goods. Along Main Street, there's Tar Banks Brewing Company, where patrons can enjoy a selection of local brews on a pet-friendly patio and order from food trucks hosted by the brewery. The Blue Collie Coffee Shop entices visitors to browse the shelves of new and used books while sipping on a latte. South of downtown are restaurants like Johnny Bull's Steakhouse, offering steak and seafood entrees in a down-home dining area. Louisburg Road runs through the heart of the town and is dotted with grocery stores from Food Lion to the local Moss Foods market and a Walmart Supercenter.

Barbecue competitions, concerts and balloon rides in the summer

Louisburg is the site of the Franklin County Farmer's Market, which is held seasonally on Fridays at the Shannon Village Shopping Center. In June, there's the town's annual BBQ in the Burg, a whole-hog cook-off where teams from all over the region compete to grill the best Carolina barbecue. Friday Nights on the Tar summer concert series showcases local musicians, food trucks and other businesses at the local brewery. The First Fruits Farm Memorial Balloon Festival is held every Memorial Day Weekend and features hot air balloon rides, live performances and fireworks shows.

Franklin County schools and the historic Louisburg College

Franklin County Schools is the main district serving Louisburg. Louisburg Elementary has a B-minus rating from Niche, while Terrell Lane Middle School includes an Academically or Intellectually Gifted (AIG) program and has a B-rating. Louisburg Magnet High School embraces the motto "seize opportunities; practice excellence; create the future," and has a B-minus rating. Louisburg College is the oldest chartered two-year college in the nation, educating students since 1787. It is a co-ed religious institution, tied to the United Methodist Church, and has over 400 full-time and part-time students, according to Niche.

Rural community along the Research Triangle

Residents of Louisburg are car-dependent, due to the town's lack of public transit options. The North Carolina Department of Transportation recently expanded U.S. Route 401, also known as Louisburg Road, from two lanes to four to accommodate more commuters. Locals can reach Raleigh after a 32-mile drive south on Route 401, while Durham is 39 miles west on North Carolina Highway 56. Depending on traffic, drives to either city take just under an hour. The nearest full-service hospitals are in Raleigh, like WakeMed North Hospital, just 26 miles away. Raleigh-Durham International Airport is 42 miles from downtown Louisburg and offers domestic and international flights.

Early aught homes and new construction properties

Single-family homes are priced from $150,000 to $900,000, depending on square footage, lot size and remodel status. Tucked along narrow grid-patterned streets are ramblers and Southern bungalows with open porches, some built in the early 1900s. On the town's outskirts, new suburbs and gated communities have been developed to meet increased demand in the area, but the distance between subdivisions ensures that Louisburg retains its rural atmosphere. In these subdivisions are pricier modern farmhouses and New Traditionals that complement the rolling pastoral farmland. There are also manufactured homes that come on the market occasionally. Despite the Tar River running through town, Louisburg has a minor flood risk.

Local parks and petting zoos

At Riverbend Park, visitors can go fishing or canoeing on the Tar River, while Joyner Park offers sports fields, picnic shelters and hiking trails. Local farms like Breezy Pond Farm teach guests about sustainable farming and animal care and have petting zoos with goats and pigs. Perry's Mill Pond is a mile long and is a popular spot for locals to go fishing or boating.

Maxwell Olarinde
Written By
Maxwell Olarinde
David Strayer
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David Strayer

Interested in learning more about homes in this area? Reach out to Laura Burlage, an experienced agent in this area.

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Louisburg Housing Trends

Housing Trends

Median List Price
$349,000
Median Sale Price
$329,990
Median Single Family Sale Price
$336,900
Median Change From 1st List Price
1%
Last 12 months Home Sales
597
Median Home Sale Price YoY Change
-5%
Average Price Per Sq Ft
$204

Neighborhood Facts

Number of Homes in Neighborhood
4,534
Number of Homes for Sale
43
Median Year Built
1995
Months of Supply
0.90
Average Single Family Home Size Sq Ft
1,773
Below the national average
1,924
Median Lot Size Sq Ft
30,056

Open Houses

  • 315 Tar River Ave, Louisburg, NC 27549

    $335,000

    • 3 Beds
    • 2 Baths
    • 1,435 Sq Ft
    • 315 Tar River Ave
    • New 19 days ago

    Your modern country retreat awaits! Set on over 1/2 acre, this like-new Craftsman-style ranch blends the best of small-town charm and modern finishes. The deep front porch, stone accents, crisp gray siding, and pop of Copen Blue on the front door make a statement from the moment you arrive.Inside, durable LVP flooring flows through the open living, kitchen, and dining areas. The two

    Agent Photo
    Rob Zelem
    LPT Realty, LLC
    (919) 849-8387
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  • 119 Mayan Dr, Louisburg, NC 27549

    $33,000

    • 119 Mayan Dr
    • New 13 hours ago

    Build Your Dream Home in the Peaceful Community of Lake Royale!Discover this rare level residential lot on quiet Mayan Drive—perfectly situated between two combined lots, offering extra privacy and plenty of space between neighbors. Even better? The lot behind is also combined, meaning no one will build directly behind you either!Enjoy the peace of mind that comes with a more

    Agent Photo
    Eva Padilla
    Allen Tate/ Lake Royale
    (201) 898-7348
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  • 111 Rex Place, Louisburg, NC 27549

    $229,500

    • 3 Beds
    • 2 Baths
    • 1,691 Sq Ft
    • 111 Rex Place
    • New 5 days ago

    This all-brick ranch offers the perfect canvas to create your dream home! Featuring 3 bedrooms, 2 bathrooms, and 1,691 sqft of living space, this property sits on a generous .84-acre lot just outside the city limits—providing room to breathe and no city taxes. Enjoy the convenience of an attached 2-car garage, plus two large storage buildings and a well house, offering plenty of space for tools,

    Agent Photo
    Jason Walters
    eXp Realty, LLC - C
    (252) 360-1130
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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Louisburg Has More Owners

Demographics

Total Population
3,558
Median Age
35
Population under 18
22.6%
On par with the national average
23.8%
Population over 65
18.8%
On par with the national average
19.1%

Finances

Median Household Income
$34,262
Significantly below the national average
$71,702
Average Household Income
$53,614

Education and Workforce

High School Graduates
84.5%
College Graduates
17.9%
Below the national average
34.1%
Advanced Degrees
8.2%
% Population in Labor Force
53.7%
Below the national average
65.1%

Weather

Annual Precipitation
46''
Average Winter Low Temperature
26°F
Average Summer High Temperature
89°F
Annual Snowfall
0''

Area Factors

Somewhat Bikeable

Bike Score®®

39 / 100

Somewhat Walkable

Walk Score®®

63 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Louisburg
Laura Burlage
BURLAGE REALTY LLC
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