Luther, MI Real Estate
According to census data in the year 2000 there were 185 housing units in Luther.
This represents a 2.1% decline from 189 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 185 were located in what is classified as a rural area.
Homeownership rate in Luther is about 78.7%.
Luther's vacancy rate, including seasonal lodging, is about 26.5%.
Average household size is 2.65 people.
The majority of houses, apartments or condos in Luther were built after 1950.
|Housing Units by Size|
|Five Bedrooms or more||6.50%|
Owned Homes, Apartments and Condos
|Average Household Size||2.62|
|Median year structure was built||1957|
|Median Value of occupied units||$35,000|
|Median Price asked for vacant units||$37,500|
Rented Homes, Apartments and Condos
|Average Household Size||2.76|
|Median year structure was built||1939|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||0%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||15.7%|