Median home value is about $179,500 — about 48% below the U.S. median home value ($348,079).
Housing tenure and rents show owner-occupancy near 85.7% (about 20.3 points above the national owner-occupancy rate (65.4%)).
To comfortably buy a median-priced home in ZIP 50152 in Luther, IA, a household would need roughly $49,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,153. That sits below the local median household income ($85,417), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.