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These days, finding an affordable place to live in the Luverne area can be challenging. Home prices in Luverne are now at a median cost of $167,428, lower than the Alabama average of $228,911.
The average cost of rent is $691/mo in Luverne, primarily driven by the current value of real estate in the Luverne area. In Luverne, 33.77% of households rent, and 63.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Luverne is $4,138 per month. Households that rent pay about 16.71% of their income on rent here. Luverne’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Petrey, AL: less expensive homes
- Rutledge, AL: less expensive homes
- Vidette, AL: higher priced homes
- Patsburg, AL: equally priced homes
- Wingard, AL: less expensive homes
- Glenwood, AL: equally priced homes
- Henderson, AL: less expensive homes
- Goshen, AL: less expensive homes
- Honoraville, AL: less expensive homes
- Pigeon Creek, AL: less expensive homes
Cities with Similar Populations
- Stockton, MO: higher priced homes
- Combined Locks, WI: higher priced homes
- Deerfield, WI: higher priced homes
- Belle, WV: less expensive homes
- Waterbury, VT: higher priced homes
- Warrensburg, NY: equally priced homes
- Valley, NE: higher priced homes
- St. James City, FL: higher priced homes
- South Fulton, TN: less expensive homes
- Sherwood, WI: higher priced homes
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