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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 $178,530, lower than the North Dakota average of $273,535.
The average cost of rent is $693/mo in Luverne, primarily driven by the current value of real estate in the Luverne area. In Luverne, 24.05% of households rent, and 71.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Luverne is $6,108 per month. Households that rent pay about 11.34% of their income on rent here. Luverne’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Karnak, ND: less expensive homes
- Sibley, ND: higher priced homes
- Pillsbury, ND: higher priced homes
- Hope, ND: equally priced homes
- Shepard, ND: less expensive homes
- Dazey, ND: higher priced homes
- Walum, ND: less expensive homes
- Colgate, ND: equally priced homes
- Hannaford, ND: less expensive homes
- Cooperstown, ND: less expensive homes
Cities with Similar Populations
- Summerfield, NJ: higher priced homes
- Hampton, MS: less expensive homes
- Hanapepe Heights, HI: higher priced homes
- Hanna, IA: less expensive homes
- Hannahsville, WV: equally priced homes
- Happy, AR: less expensive homes
- Sulphur Bluff, TX: higher priced homes
- Sulphur Lick, KY: equally priced homes
- Sumach, MO: less expensive homes
- Hampden, AL: less expensive homes
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