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Lu Verne Community

Learn about the people, housing, costs and businesses in Lu Verne Community, Iowa

Median Home$169,616
Median Rent$903/month
Population38,204
Leading IndustryRetail17% of local workforce
Home Value Growth⬆⬆⬆+21.9% over 2 years
Young Adults26% of residents
Homeowners81% of occupied units
NotableVeteran Community8% of residents · top 27% nationally
NotableAffordable Market$170k median home · lower cost than 75% of the country
Lu Verne Community
IA

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Lu Verne Community?

As of today, the 30-year fixed mortgage rate for Lu Verne Community is approximately 6.998% (7.038% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lu Verne Community?

The median home value in Lu Verne Community is $170k. The median monthly rent is $903. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lu Verne Community?

Home values in Lu Verne Community have increased 21.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lu Verne Community?

Based on a typical all-in ownership cost of $853/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lu Verne Community is $71k/year.

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What industries drive the economy in Lu Verne Community?

The largest employment sectors in Lu Verne Community are public administration (19%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.