Luther, MI is a great place to invest in housing. The current median value of a house in Luther is $116,200, which is significantly lower than the national median value of $338,100. Additionally, the one-year appreciation rate for houses in Luther was 15.49%, much higher than the national one-year appreciation rate of 8.27%. This makes Luther an attractive option for those looking to invest in real estate due to these favorable financial conditions.
The median home cost in Luther is $116,200. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Luther is up 19.8%.
Average Age of Homes
- The median age of Luther real estate is 63 years old
The Rental Market in Luther
- Renters make up 16.6% of the Luther population
- 2.0% 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.