Luther MI Multi Family for Sale

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Luther Real Estate

The median home value in Luther, MI is $115,000. This is higher than the county median home value of $104,000. The national median home value is $338,100. The average price of homes sold in Luther, MI is $115,000. Approximately 44.39% of Luther homes are owned, compared to 17.35% rented, while 38.27% are vacant. Luther real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Luther real estate agent to arrange a tour today!

Luther, Michigan has a population of 308. Luther is more family-centric than the surrounding county with 18.29% of the households containing married families with children. The county average for households married with children is 17.1%.

The median household income in Luther, Michigan is $45,536. The median household income for the surrounding county is $40,753 compared to the national median of $69,021. The median age of people living in Luther is 39.6 years.

Luther Weather

The average high temperature in July is 81.4 degrees, with an average low temperature in January of 12 degrees. The average rainfall is approximately 34.7 inches per year, with 77.9 inches of snow per year.

Luther Real Estate Market Conditions

  • Median sales price

    $115,000
    19.8% change since last quarter
  • # Active listings

    29
    30-day change

Luther Schools and Demographics

Education near Luther, MI

Metric City County
High School Graduates 77.73 81.96
College Degree - 2 year 1.42 6.34
College Degree - 4 year 6.16 13.12
Graduate Degree 0.47 2.87
Expenditures per Student 55,930 55,930
Students per Teacher 13.3 13.3

Elementary Schools near Luther, MI

School Grades Students P/T Ratio ZIP
Baldwin Elementary School PK - 06 326 14.1 49304
G.T. Norman Elementary School PK - 05 691 19.2 49677
Pine River Area Elementary School PK - 03 303 18 49655

Middle Schools near Luther, MI

School Grades Students P/T Ratio ZIP
Baldwin Junior High School 07 - 08 69 11.2 49304
Pine River Area Upper Elementary School 04 - 05 163 17.8 49655
Reed City Middle School 06 - 08 360 18.1 49677

High Schools near Luther, MI

School Grades Students P/T Ratio ZIP
Baldwin Senior High School 09 - 12 148 14.1 49304
Pine River Area Middle/High School 06 - 12 588 20.6 49655
Reed City High School 09 - 12 499 26.1 49677

Ungraded Schools near Luther, MI

School Grades Students P/T Ratio ZIP
Mackinac Preparatory Academy KG - 12 63 8.9 49304

Demographics near Luther, MI

Metric City County
Neighborhood Type Small Town
Population 308 12,248
Population Density 317 22
Median Age 39.6 54.2
People per Household 2.6 2.8
Median Household Income 45,536 40,753
Average Income per Capita 19,558 22,434