Luverne, MN Real Estate
According to census data in the year 2000 there were 2,152 housing units in Luverne.
This represents a 7.9% growth from 1,994 in 1990.
Of those housing units, 2,066 were located in either urbanized areas or urban clusters, and 86 were located in what is classified as a rural area.
Homeownership rate in Luverne is about 71.9%.
Luverne's vacancy rate, including seasonal lodging, is about 8.4%.
Average household size is 2.25 people.
The majority of houses, apartments or condos in Luverne were built after 1958.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 17.50% |
| Two Bedrooms | 24.10% |
| Three Bedrooms | 39.60% |
| Four Bedrooms | 16.20% |
| Five Bedrooms or more | 2.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.5 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $72,600 |
| Median Price asked for vacant units | $24,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.63 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $262 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.40% |
| Home Equity Loan | 5.90% |
| Simple Mortgage | 45% |
| Debt Free | 44.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.1% |
