Luther, IA Real Estate
According to census data in the year 2000 there were 62 housing units in Luther.
This represents a 0% decline from 62 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 62 were located in what is classified as a rural area.
Homeownership rate in Luther is about 89.5%.
Luther's vacancy rate, including seasonal lodging, is about 8.1%.
Average household size is 2.91 people.
The majority of houses, apartments or condos in Luther were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 4.80% |
| Two Bedrooms | 9.70% |
| Three Bedrooms | 59.70% |
| Four Bedrooms | 17.70% |
| Five Bedrooms or more | 8.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.75 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $80,600 |
| Median Price asked for vacant units | $75,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 4.33 |
| Median year structure was built | 1945 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.40% |
| Home Equity Loan | 8.90% |
| Simple Mortgage | 55.60% |
| Debt Free | 31.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.5% |
