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Luce County

Learn about the people, housing, costs and businesses in Luce County County

Median Home$112,803
Median Rent$682/month
Population6,271
Leading IndustriesProfessional Services · Information & Media · Construction3% professional services
Home Value Growth⬆⬆⬆+30.3% over 2 years
Retirees23% of residentsslightly above average
Homeowners83% of occupied units
NotableVeteran Community11% of residents · top 7% nationally
NotableAffordable Market$113k median home · lower cost than 89% of the country
Luce County
MI

Frequently Asked Questions

What are today's mortgage rates in Luce County?

As of today, the 30-year fixed mortgage rate for Luce County is approximately 7.142% (7.174% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Luce County
What is the median home price in Luce County?

The median home value in Luce County is $113k. The median monthly rent is $682. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Luce County?

Home values in Luce County have increased 30.3% 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 Luce County?

Based on a typical all-in ownership cost of $654/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Luce County is $52k/year.

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What industries drive the economy in Luce County?

The largest employment sectors in Luce County are public administration (22%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas