The housing market in Luther, IA appears to be doing well with a median value of $164,300. This is significantly lower than the US median house value of $338,100. The impressive part is that the one year appreciation rate for Luther homes is 10.80%, higher than the US average appreciation rate of 8.27%. This shows that there is a steady increase in house values in Luther and is encouraging news for those who own homes or are looking to invest in property in the area.
The median home cost in Luther is $164,300. Home appreciation the last 10 years has been 65.5%. Home Appreciation in Luther is up 16.4%.
Average Age of Homes
- The median age of Luther real estate is 78 years old
The Rental Market in Luther
- Renters make up 10.0% of the Luther population
- 0.0% of houses and apartments in Luther, 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.