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 $88,649, lower than the Tennessee average of $218,916.
The average cost of rent is $508/mo in Luther, primarily driven by the current value of real estate in the Luther area. While nearly 72.42% of residents own their homes outright in Luther, 27.19% rent.
Housing affordability isn’t just about home prices, though. The average household income in Luther is $2,966 per month. Households that rent pay about 17.14% of their income on rent here. Luther's most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Sneedville, TN: equally priced homes
- Duck Creek, TN: higher priced homes
- Evanston, TN: equally priced homes
- Trent Valley, TN: higher priced homes
- Vardy, TN: equally priced homes
- Lee Valley, TN: higher priced homes
- Treadway, TN: higher priced homes
- Kyles Ford, TN: less expensive homes
- Rose Hill, VA: higher priced homes
- Choptack, TN: higher priced homes
Cities with Similar Populations
- Falmouth, IL: higher priced homes
- Waterfall, PA: higher priced homes
- Waterlick, VA: higher priced homes
- Weal, VA: higher priced homes
- Websterville, VT: higher priced homes
- Freemound, TX: higher priced homes
- Franktown, VA: higher priced homes
- Flatwoods, LA: higher priced homes
- Farrell Crossroads, SC: higher priced homes
- Warm Beach, WA: higher priced homes
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