Luther, OK Housing

Luther, OK is a small town with a population of approximately 1,600 people. The housing market in Luther is quite robust and mean home values have been steadily increasing over the past year. The median housing value in Luther is currently $212,000. This may seem significantly lower than the US median house value of $338,100, however this is still an impressive 11.89% appreciation from last year's value in Luther. This is higher than the US one-year appreciation rate of 8.27%. This indicates that investing in a home in Luther could be a great option for those looking to experience the beauty and charms of small town living while also making a secure investment for their future finances.

The median home cost in Luther is $212,000. Home appreciation the last 10 years has been 72.0%. Home Appreciation in Luther is up 17.4%.

Average Age of Homes

- The median age of Luther real estate is 35 years old

The Rental Market in Luther

- Renters make up 22.1% 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Luther, Oklahoma	United States
	657.0	139,647,020.0
	26	42
	$212,000	$338,100
	17.4%	16.6%
	47.7%	57.0%
	72.0%	101.1%
	$10.83	$10.98
	$575	$2,690
	79.9%	57.4%
	10.8%	11.2%
	9.3%	31.4%
Vacant Housing
	0.0%	1.9%
	0.5%	0.4%
	0.6%	0.7%
	1.2%	0.4%
	0.6%	3.6%
	7.9%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	10.1%	2.4%
	5.3%	2.8%
	2.7%	3.9%
	4.6%	4.5%
	13.5%	11.3%
	16.0%	13.0%
	37.9%	20.1%
	5.9%	13.6%
	1.1%	8.3%
	1.0%	9.7%
	1.0%	3.9%
	1.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	19.5%	13.6%
	19.5%	13.6%
	27.7%	13.6%
	11.1%	13.2%
	9.7%	14.8%
	27.7%	13.6%
	2.9%	10.0%
	0.8%	4.7%
	10.2%	12.2%