Luther, IA Foreclosures
How much do homes sell for in Luther, IA?
The average home price is currently $235,431.
In Luther, IA, how many homes are available?
There are currently 239 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 $703,659.
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 town that offers a tight-knit community atmosphere surrounded by lush fields and natural beauty. Residents enjoy a peaceful lifestyle with local events and outdoor activities, while maintaining easy access to surrounding cities. Ideal for those looking to embrace a rural lifestyle, Luther is perfect for families and individuals seeking tranquility away from city life.
Current Market Conditions in Luther, IA
The real estate market in Luther is currently stable, with home prices reflecting the town's appeal for buyers seeking a quieter lifestyle. The average price of homes has shown modest growth over the past few months, with properties generally remaining affordable compared to urban areas.
In recent months, there has been a noticeable uptick in interest from families and retirees looking for homes with larger yards and lower costs of living. The demand for homes in Luther remains steady, suggesting a competitive yet accessible market for interested buyers.
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 $226,164.00. 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 $235,431.00, with the most expensive house
in Luther, IA, topping out
at $703,659.00 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
