Home prices
Luverne's median home value is $83,200. It is approximately $16,880 (16%) lower compared to its surrounding areas.It is roughly $134,300 (61%) lower compared to the entire country, and it is about $38,000 (31%) lower compared to the city of Montgomery.
Rents
In Luverne the median rent is $530 per month. Compared to other places in this area this is about $51 (8%) lower.It is approximately $532 (50%) lower compared to the rest of the nation, and it is approximately $351 (39%) lower in comparison to the city of Montgomery.
Nearby places
Rutledge
Rutledge is Luverne's neighbor to the west. The housing prices there are fairly similar. The value of the median home in Rutledge is $85,000, which works out to $1,800 (2%) higher than Luverne. Its rents are pretty similar. In Rutledge the median rent is $508 a month, which comes out to $22 (4%) lower than Luverne.
Goshen
Goshen is approximately 7 miles east of Luverne. The housing prices there are somewhat more expensive. The median home in Goshen costs $104,600, which is $21,400 (20%) higher than Luverne. Rents there are somewhat more expensive. Goshen's median rent is $775 per month, which works out to $245 (31%) higher than Luverne.
Brantley
Brantley is roughly 10 miles south of Luverne. Its real estate prices are a bit more expensive. The median home in Brantley is valued at $89,300, which comes out to $6,100 (6%) higher than Luverne. The rent there is a bit less expensive. In Brantley the median rent is $434 per month, which works out to $96 (22%) lower than Luverne.
Troy
Troy is about 16 miles east from Luverne. The housing prices there are substantially more expensive. Troy's median home price is $154,000, which is $70,800 (45%) higher than Luverne. Rents there are somewhat more expensive. In Troy the median monthly rent is $687, which is $157 (22%) higher than Luverne.
Dozier
Dozier is roughly 17 miles south from Luverne. Its real estate prices are a little less expensive. The median home in Dozier is valued at $67,500, which comes out to $15,700 (23%) lower than Luverne. Its rents are a little less expensive. In Dozier the median rent is $500 a month, which works out to $30 (6%) lower than Luverne.
