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 $170,941, lower than the Indiana average of $175,617.
The average cost of rent is $754/mo in Luther, primarily driven by the current value of real estate in the Luther area. While nearly 36.77% of residents own their homes outright in Luther, 21.47% rent.
Housing affordability isn’t just about home prices, though. The average household income in Luther is $4,644 per month. Households that rent pay about 16.24% of their income on rent here. Luther's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- South Whitley, IN: less expensive homes
- Tunker, IN: equally priced homes
- Bracken, IN: less expensive homes
- Peabody, IN: equally priced homes
- Liberty Mills, IN: equally priced homes
- Goblesville, IN: equally priced homes
- North Manchester, IN: less expensive homes
- Larwill, IN: equally priced homes
- Etna, IN: equally priced homes
- Laud, IN: equally priced homes
Cities with Similar Populations
- Elizabethtown, IL: less expensive homes
- Tupman, CA: equally priced homes
- Trowbridge, CA: higher priced homes
- Estiffanulga, FL: less expensive homes
- Estes Crossroads, AL: less expensive homes
- Estatoe, NC: equally priced homes
- Ervintown, NC: less expensive homes
- Elmer City, WA: equally priced homes
- Ellisburg, NY: less expensive homes
- Elliott, SC: less expensive homes
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