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.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom4.80%
Two Bedrooms9.70%
Three Bedrooms59.70%
Four Bedrooms17.70%
Five Bedrooms or more8.10%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.75
Median year structure was built1939
Median Value of occupied units$80,600
Median Price asked for vacant units$75,000

Rented Homes, Apartments and Condos

Average Household Size4.33
Median year structure was built1945

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.40%
Home Equity Loan8.90%
Simple Mortgage55.60%
Debt Free31.10%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs22.5%