Home prices
The median home in Luverne is valued at $141,600. In comparison to other places in this area this is approximately $47,580 (50%) higher.It is roughly $75,900 (34%) lower compared to the entire country, and it is approximately $48,200 (25%) lower compared to the city of Sioux Falls.
Rents
In Luverne the median monthly rent is $669. This is about $33 (4%) lower in comparison to other places in this area.It is about $393 (37%) lower in comparison to the entire country, and in comparison to the city of Sioux Falls is about $158 (19%) lower.
Nearby places
Magnolia
Magnolia is about 5 miles east from Luverne. Its real estate prices are a lot less expensive. The median home in Magnolia is valued at $80,000, which is $61,600 (77%) lower than Luverne. Rent there is fairly similar. Magnolia's median monthly rent is $650, which is $19 (2%) lower than Luverne.
Beaver Creek
Beaver Creek is approximately 6 miles southwest from Luverne. Real estate prices there are a little more expensive. The median home in Beaver Creek is valued at $157,500, which works out to $15,900 (10%) higher than Luverne. The rent there is a little less expensive. In Beaver Creek the median monthly rent is $625, which comes out to $44 (7%) lower than Luverne.
Hardwick
Hardwick is roughly 7 miles north from Luverne. Real estate prices there are substantially less expensive. The median home in Hardwick is valued at $60,000, which comes out to $81,600 (136%) lower than Luverne. Rents there are a little less expensive. The median rent in Hardwick is $532 a month, which is $137 (25%) lower than Luverne.
Steen
Steen is about 9 miles south of Luverne. The real estate prices there are significantly less expensive. The cost of the median home in Steen is $63,700, which is $77,900 (122%) lower than Luverne. Rent there is a bit more expensive. Steen's median monthly rent is $905, which comes out to $236 (26%) higher than Luverne.
Hills
Hills is approximately 10 miles southwest from Luverne. Housing prices there are somewhat less expensive. The price of the median home in Hills is $108,900, which comes out to $32,700 (30%) lower than Luverne. Rents there are a bit more expensive. In Hills the median monthly rent is $800, which is $131 (16%) higher than Luverne.
