Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Luther area can be challenging. Home prices in Luther are now at a median cost of $223,012, higher than the Iowa average of $182,666.
The average cost of rent is $852/mo in Luther, primarily driven by the current value of real estate in the Luther area. While nearly 46.58% of residents own their homes outright in Luther, 10.52% rent.
Housing affordability isn’t just about home prices, though. The average household income in Luther is $7,393 per month. Households that rent pay about 11.52% of their income on rent here. Luther's most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Madrid, IA: less expensive homes
- Moingona, IA: equally priced homes
- Ericson, IA: equally priced homes
- Woodward, IA: equally priced homes
- Boone, IA: less expensive homes
- Sheldahl, IA: higher priced homes
- Slater, IA: less expensive homes
- Jordan, IA: higher priced homes
- Bouton, IA: equally priced homes
- Kelley, IA: equally priced homes
Cities with Similar Populations
- Sunnyside, NC: less expensive homes
- Beekman, LA: less expensive homes
- Bel, LA: less expensive homes
- Belfast, NC: less expensive homes
- Bethel, GA: less expensive homes
- Bethesda, WV: less expensive homes
- Beulah Heights, KY: less expensive homes
- Strathmoor Village, KY: higher priced homes
- Sugarloaf Shores, FL: higher priced homes
- Summerset, IA: higher priced homes
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