Luther, IA
Full City Profile · Iowa · Polk County County
4.1
/5.0
A
Great
130
Population
220/sq mi density
$86,667
Median Income
$37,945 per capita
$183,000
Home Value
$275,847 Zillow
50°F
Avg Temperature
A
Overall
4.1 / 5.0
Strong
A+
Economy
4.6 / 5.0
$86,667 median income, 2.8% unemployment
A+
Affordability
5.0 / 5.0
$183,000 home value, /mo rent
C+
Education
2.6 / 5.0
19.6% bachelor's degree or higher
Housing Overview
Median Home Value
$183,000
35% below
US avg: $281,900
Homeownership Rate
86.5%
32% above US avg (65.4%)
Total Housing Units
70
Median year built: 1938
Home Value by Source
Census Median
$183,000
Zillow (ZHVI)
$275,847
Redfin Median Sale
$295,000
Median Sale Price
$295,000
Median List Price
$150,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
86.5%
Owner-Occupied
13.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$738/mo
1 Bedroom
$788/mo
2 Bedroom
$989/mo
3 Bedroom
$1,282/mo
4 Bedroom
$1,420/mo
Market Indicators (Redfin)
Median Sale Price
$295,000
Median Days on Market
260 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
1
Price Drops
50.0%
of listings with price reduction
Price Per Sq Ft
$186
Active Inventory
2
homes for sale
Affordability & Housing Stock
Rent Burden
27.1%
of renters spending 30%+ of income on housing
13% below US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
86.5%
Complete Housing Data
Home Values
| Census Median Value | $183,000 |
| Zillow Home Value (ZHVI) | $275,847 |
| Redfin Median Sale | $295,000 |
| Median Sale Price | $295,000 |
| Median List Price | $150,000 |
| Price Per Sq Ft | $186 |
Rent
| FMR Studio | $738 |
| FMR 1-Bedroom | $788 |
| FMR 2-Bedroom | $989 |
| FMR 3-Bedroom | $1,282 |
| FMR 4-Bedroom | $1,420 |
Market
| Days on Market | 260 |
| Sale-to-List Ratio | 0.9% |
| Price Drops | 50.0% |
| Homes Sold | 1 |
| Active Inventory | 2 |
| Price Per Sq Ft | $186 |
Ownership & Stock
| Owner-Occupied | 86.5% |
| Renter-Occupied | 13.5% |
| Homeownership Rate | 86.5% |
| Total Housing Units | 70 |
| Median Year Built | 1938 |
| Rent Burden | 27.1% |