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City-owned Homes And Land in Luther, IA 50156

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Luther, IA Foreclosures

How much do homes sell for in Luther, IA?
The average home price is currently $237,043.
In Luther, IA, how many homes are available?
There are currently 53 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 $704,446.
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, IA, is a quaint and friendly community nestled in the heart of Iowa. With its close-knit atmosphere, residents enjoy a peaceful lifestyle while having access to larger city amenities nearby. Ideal for families, the area boasts good schools and a variety of outdoor activities.

Current Market Conditions in Luther, IA

The real estate market in Luther, IA is showing steady growth, with an increase in buyers looking for affordable housing options outside of larger cities. The demand for homes has led to competitive pricing, but the market remains accessible for first-time buyers and those seeking rural living.

Recent trends indicate a rise in home values as more people recognize the benefits of small-town living. This includes both long-term residents looking to upgrade as well as newcomers attracted to the area's charm and community-driven lifestyle.

Home Value Estimator For Luther, IA

There are currently 83 real estate properties in Luther, IA, with a median automated valuation model (AVM) price of $226,969.00. 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 $237,043.00, with the most expensive house in Luther, IA, topping out at $704,446.00 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.

Luther, IA 50156 City-owned Homes And Land

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