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.


Housing Size

Housing Units by Size
Studio Type0.40%
One Bedroom17.50%
Two Bedrooms24.10%
Three Bedrooms39.60%
Four Bedrooms16.20%
Five Bedrooms or more2.30%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.5
Median year structure was built1956
Median Value of occupied units$72,600
Median Price asked for vacant units$24,200

Rented Homes, Apartments and Condos

Average Household Size1.63
Median year structure was built1971
Median Monthly Rent asked for vacant units$262

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.40%
Home Equity Loan5.90%
Simple Mortgage45%
Debt Free44.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.1%