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These days, finding an affordable place to live in the Luce area can be challenging. Home prices in Luce are now at a median cost of $186,457, lower than the Michigan average of $250,415.
The average cost of rent is $694/mo in Luce, primarily driven by the current value of real estate in the Luce area. In Luce, 11.06% of households rent, and 46.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Luce is $5,980 per month. Households that rent pay about 11.60% of their income on rent here. Luce’s most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Chesaning, MI: less expensive homes
- Oakley, MI: less expensive homes
- St. Charles, MI: less expensive homes
- New Lothrop, MI: higher priced homes
- Easton, MI: equally priced homes
- Taymouth, MI: equally priced homes
- Burt, MI: equally priced homes
- Brant, MI: less expensive homes
- Montrose, MI: equally priced homes
- Henderson, MI: equally priced homes
Cities with Similar Populations
- Eaton, NY: less expensive homes
- Brook Park, MN: higher priced homes
- Bruceville-Eddy, TX: equally priced homes
- Bude, MS: less expensive homes
- Cabins, WV: equally priced homes
- Cairo, MO: equally priced homes
- Cameron, AZ: less expensive homes
- Cocolalla, ID: higher priced homes
- Corsica, PA: less expensive homes
- Earlville, IA: equally priced homes
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