The housing market in Luverne, ND is booming. The median value of a home in the city is currently $114,000, which is significantly lower than the US house median value of $338,100. On top of that, the 1 year appreciation rate for homes in Luverne is 12.36%, far outpacing the national average of 8.27%. This makes it an attractive option for those looking to purchase a home and invest in real estate. With prices below the national average and strong appreciation rates, investing in a home in Luverne could be a great way to make a solid return on your investment.
The median home cost in Luverne is $114,000. Home appreciation the last 10 years has been 77.7%. Home Appreciation in Luverne is up 13.5%.
Average Age of Homes
- The median age of Luverne real estate is 47 years old
The Rental Market in Luverne
- Renters make up 2.7% of the Luverne population
- 0.0% 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.