Luther, IA Foreclosures
How much do homes sell for in Luther, IA?
The average home price is currently $238,146.
In Luther, IA, how many homes are available?
There are currently 52 active home listings available in Luther.
What’s the average rental cost in Luther, IA?
The average rental price in Luther is $1,431.
What is the most expensive home in Luther?
The most expensive home sold in Luther had a price of $712,649.
What is currently the cheapest priced home in Luther, IA?
The cheapest home for sale in Luther is priced at $40,230.
Living in Luther, IA
Luther, Iowa, is a small yet vibrant community offering a tight-knit atmosphere with friendly neighbors. Surrounded by scenic countryside, it provides residents with easy access to nature and outdoor activities. The area features a blend of charming homes and family-friendly amenities, making it an ideal place for those looking for tranquility while still being close to larger towns.
Current Market Conditions in Luther, IA
Recently, Luther has seen a steady demand for homes, with many families drawn to the peaceful environment and good schooling options. As remote work remains popular, more buyers from urban areas are seeking properties in smaller towns like Luther, creating a buyer's market that has resulted in a slight increase in home prices. This trend showcases the desirability of rural living and highlights Luther as a hidden gem in Iowa.
The market is characterized by a mix of affordable housing options and beautiful rural properties, which appeal to various buyers from young families to retirees looking for a quieter place to reside. Investors are also turning their attention to Luther as a burgeoning location with potential for appreciation in property values.
Home Value Estimator For Luther, IA
There are currently 82 real estate properties
in Luther, IA,
with a median automated valuation model (AVM) price
of $226,164.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Luther, IA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Luther, IA,
is $238,146.00, with the most expensive house
in Luther, IA, topping out
at $712,649.00 and the cheapest home
in Luther, IA,
clocking in at $40,230.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Luther, IA!
Rent Prices
In Luther, IA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Luther, IA, is on
a rollercoaster ride. The
average rent price in Luther, IA,
is $1,431.00. Indeed, when looking to rent in
Luther, IA, you can expect to pay as little
as $1,010.00 or as much
as $1,980.00,
with the average rent median estimated to
be $1,400.00. The good news is that finding
an affordable and desirable property to rent in Luther, IA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
