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 $118,714, lower than the Texas average of $235,268.
The average cost of rent is $1,014/mo in Luther, primarily driven by the current value of real estate in the Luther area. While nearly 50.38% of residents own their homes outright in Luther, 24.33% rent.
Housing affordability isn’t just about home prices, though. The average household income in Luther is $5,122 per month. Households that rent pay about 19.79% of their income on rent here. Luther's most expensive areas are in the western regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Vealmoor, TX: equally priced homes
- Vincent, TX: equally priced homes
- Knott, TX: equally priced homes
- Ackerly, TX: higher priced homes
- Three Leagues, TX: higher priced homes
- Westbrook, TX: less expensive homes
- Ira, TX: less expensive homes
- Sparenberg, TX: higher priced homes
- Colorado City, TX: less expensive homes
- Patricia, TX: higher priced homes
Cities with Similar Populations
- Higginsville, IL: higher priced homes
- Heavener Grove, WV: higher priced homes
- Heekin, KY: higher priced homes
- Helechawa, KY: less expensive homes
- Hemlock, WV: less expensive homes
- Hensler, ND: higher priced homes
- Herman, MI: higher priced homes
- Hermondale, MO: less expensive homes
- Hettie, WV: higher priced homes
- Higgins Corners, PA: higher priced homes
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