Housing in Luther, IA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$156,000
Median List Price
N/A
Price Per Sq Ft
$114
Days on Market
69
Active Inventory
2
Months of Supply
2.0
Seller's market
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
0.0%
Sale-to-List Ratio
94.3%
Buyer's market
Market Activity
Source: RedfinHomes Sold
1
Pending Sales
2
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$114
Luther vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Luther is highlighted.
Median Home Value
Median Price Per Sq Ft
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$183,000
Median Rent
N/A
Total Housing Units
62
Vacancy Rate
16.1%
Owner Occupied
86.5%
Renter Occupied
13.5%
Median Property Tax
$1,750
per year
Monthly Cost (w/ Mortgage)
$925
Housing Types
The current median sale price in Luther, IA is $156,000 according to Redfin data. Homes spend a median of 69 days on the market. 0.0% of homes sold above asking price. The market has 2.0 months of supply. The median price per square foot is $114. About 86.5% of housing units are owner-occupied. The median year homes were built is 1938. There are 62 total housing units.