Luther, OK Real Estate
According to census data in the year 2000 there were 278 housing units in Luther.
This represents a 53.5% decline from 598 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 278 were located in what is classified as a rural area.
Homeownership rate in Luther is about 73.7%.
Luther's vacancy rate, including seasonal lodging, is about 16.5%.
Average household size is 2.79 people.
The majority of houses, apartments or condos in Luther were built after 1964.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.20% |
| One Bedroom | 5% |
| Two Bedrooms | 31.70% |
| Three Bedrooms | 54% |
| Four Bedrooms | 5% |
| Five Bedrooms or more | 1.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.93 |
| Median year structure was built | 1966 |
| Median Value of occupied units | $45,000 |
| Median Price asked for vacant units | $45,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.41 |
| Median year structure was built | 1959 |
| Median Monthly Rent asked for vacant units | $250 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.10% |
| Home Equity Loan | 3.50% |
| Simple Mortgage | 47.50% |
| Debt Free | 41.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.7% |
