Luther, MI Real Estate
According to census data in the year 2000 there were 185 housing units in Luther.
This represents a 2.1% decline from 189 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 185 were located in what is classified as a rural area.
Homeownership rate in Luther is about 78.7%.
Luther's vacancy rate, including seasonal lodging, is about 26.5%.
Average household size is 2.65 people.
The majority of houses, apartments or condos in Luther were built after 1950.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 3.20% |
| Two Bedrooms | 41.60% |
| Three Bedrooms | 35.10% |
| Four Bedrooms | 12.40% |
| Five Bedrooms or more | 6.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.62 |
| Median year structure was built | 1957 |
| Median Value of occupied units | $35,000 |
| Median Price asked for vacant units | $37,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.76 |
| Median year structure was built | 1939 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 0% |
| Simple Mortgage | 46.30% |
| Debt Free | 53.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.7% |
