Home prices
The value of the median home in Luther is $58,300. In comparison to its nearby areas this is approximately $19,720 (25%) lower.It is approximately $159,200 (73%) lower compared to the United States as a whole, and is about $85,100 (59%) lower in comparison to the city of Grand Rapids.
Rents
In Luther the median monthly rent is $900. It is roughly $165 (22%) higher compared to its surrounding areas.In comparison to the United States as a whole it is roughly $162 (15%) lower, and is about $25 (2%) lower compared to the city of Grand Rapids.
Nearby places
Le Roy
Le Roy is approximately 9 miles east from Luther. Its real estate prices are significantly more expensive. The value of the median home in Le Roy is $86,700, which comes out to $28,400 (32%) higher than Luther. Rents there are a little more expensive. In Le Roy the median monthly rent is $1,054, which comes out to $154 (14%) higher than Luther.
Tustin
Tustin is about 10 miles northeast from Luther. The housing prices there are substantially more expensive. The median home in Tustin costs $88,800, which works out to $30,500 (34%) higher than Luther. Rent there is significantly less expensive. In Tustin the median rent is $640 per month, which is $260 (40%) lower than Luther.
Baldwin
Baldwin is approximately 11 miles southwest from Luther. Its real estate prices are somewhat more expensive. The median home in Baldwin is valued at $62,100, which works out to $3,800 (6%) higher than Luther. Rent there is substantially less expensive. The median rent in Baldwin is $526 per month, which is $374 (71%) lower than Luther.
Reed City
Reed City is roughly 12 miles southeast of Luther. Real estate prices there are a little more expensive. The median home in Reed City costs $70,800, which works out to $12,500 (17%) higher than Luther. Its rents are substantially less expensive. The median rent in Reed City is $563 a month, which is $337 (59%) lower than Luther.
Hersey
Hersey is approximately 15 miles southeast from Luther. The housing prices there are a bit more expensive. The median home cost in Hersey is $81,700, which comes out to $23,400 (28%) higher than Luther. Its rents are fairly similar. Hersey's median rent is $893 a month, which is very similar to Luther.
