The housing market in Luverne, MN is thriving, with a median value of $212,400. This is significantly lower than the US median value of $338,100. Additionally, the 1 year house appreciation rate in Luverne is 9.54%, slightly higher than the US average of 8.27%. This data suggests that the housing market in Luverne is strong and poised for growth in the coming years.
The median home cost in Luverne is $212,400. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Luverne is up 14.7%.
Average Age of Homes
- The median age of Luverne real estate is 59 years old
The Rental Market in Luverne
- Renters make up 30.9% of the Luverne population
- 4.3% of houses and apartments in Luverne, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.