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 $472,273, higher than the Montana average of $298,413.
The average cost of rent is $1,082/mo in Luther, primarily driven by the current value of real estate in the Luther area. While nearly 60.94% of residents own their homes outright in Luther, 21.07% rent.
Housing affordability isn’t just about home prices, though. The average household income in Luther is $5,374 per month. Households that rent pay about 20.12% of their income on rent here. Luther's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Roscoe, MT: less expensive homes
- Red Lodge, MT: less expensive homes
- Roberts, MT: less expensive homes
- Washoe, MT: higher priced homes
- Fishtail, MT: less expensive homes
- Absarokee, MT: less expensive homes
- Bearcreek, MT: less expensive homes
- Nye, MT: less expensive homes
- Boyd, MT: less expensive homes
- Belfry, MT: less expensive homes
Cities with Similar Populations
- Strawbridge, PA: less expensive homes
- Halley, AR: less expensive homes
- Harriett, OH: less expensive homes
- Hartsville, MA: less expensive homes
- Havens, NE: less expensive homes
- Stoverville, AR: less expensive homes
- Stow, NY: less expensive homes
- Strang, NE: less expensive homes
- Strangers Home, AR: less expensive homes
- Grove City, IL: less expensive homes
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