Home Price Key
Affordable
Average
Expensive
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 $150,778, lower than the Minnesota average of $269,934.
The average cost of rent is $669/mo in Luverne, primarily driven by the current value of real estate in the Luverne area. While nearly 49.83% of residents own their homes outright in Luverne, 24.51% rent.
Housing affordability isn’t just about home prices, though. The average household income in Luverne is $5,274 per month. Households that rent pay about 12.68% of their income on rent here. Luverne's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Magnolia, MN: higher priced homes
- Beaver Creek, MN: higher priced homes
- Kanaranzi, MN: higher priced homes
- Hardwick, MN: equally priced homes
- Steen, MN: higher priced homes
- Kenneth, MN: less expensive homes
- Hills, MN: equally priced homes
- Adrian, MN: equally priced homes
- Ellsworth, MN: less expensive homes
- Valley Springs, SD: higher priced homes
Cities with Similar Populations
- Carneys Point, NJ: equally priced homes
- Clare, MI: less expensive homes
- Clairton, PA: less expensive homes
- Chocowinity, NC: higher priced homes
- Chester, MD: higher priced homes
- Cherry Valley, IL: higher priced homes
- Centerburg, OH: higher priced homes
- Cave Springs, AR: higher priced homes
- Carthage, NY: less expensive homes
- Carrizo Springs, TX: less expensive homes
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