Zip 56156 (Luverne, MN) Housing

The housing market in 56156 Luverne, MN is looking strong. According to recent statistics, the median value of a home is $217,000 - significantly lower than the national median value of $338,100. However, house appreciation has been strong in this area over the past year at 9.54%, higher than the national rate of 8.27%. This indicates that homeowners are seeing good returns on their investments and that 56156 Luverne is an attractive market for real estate investors and homebuyers alike.

The median home cost in Luverne (zip 56156) is $217,000. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Luverne (zip 56156) is up 14.7%.

Average Age of Homes

- The median age of Luverne (zip 56156) real estate is 57 years old

The Rental Market in Luverne (zip 56156)

- Renters make up 26.9% of the Luverne (zip 56156) population
- 3.5% of houses and apartments in Luverne (zip 56156), 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	Luverne, Minnesota	United States
	2,716.0	139,647,020.0
	61	42
	$217,000	$338,100
	14.7%	16.6%
	49.9%	57.0%
	74.6%	101.1%
	$7.79	$10.98
	$1,291	$2,690
	71.9%	57.4%
	6.0%	11.2%
	22.1%	31.4%
Vacant Housing
	3.5%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	2.5%	4.1%
Value of Owner-Occupied Housing
	1.6%	2.6%
	1.1%	2.4%
	2.2%	2.8%
	4.4%	3.9%
	9.5%	4.5%
	20.0%	11.3%
	24.9%	13.0%
	19.5%	20.1%
	10.1%	13.6%
	3.3%	8.3%
	2.4%	9.7%
	1.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.1%	13.6%
	7.1%	13.6%
	8.4%	13.6%
	7.1%	13.2%
	14.4%	14.8%
	8.4%	13.6%
	16.5%	10.0%
	9.6%	4.7%
	24.3%	12.2%

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