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Luverne

Learn about the people, housing, costs and businesses in Luverne, North Dakota

Median Home$130,700
Median Rent$738/month
Population28
Leading IndustriesEducation · Arts, Food & Hospitality · Healthcare6% education
Family-Friendly25% of residentsslightly above average
Homeowners77% of occupied units
NotableHighly Educated42% bachelor's · 14% graduate · top 1% nationally
NotableAffordable Market$131k median home · lower cost than 81% of the country
Luverne
ND

Frequently Asked Questions

What are today's mortgage rates in Luverne?

As of today, the 30-year fixed mortgage rate for Luverne is approximately 6.839% (6.873% 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 Luverne
What is the median home price in Luverne?

The median home value in Luverne is $131k. The median monthly rent is $738. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Luverne?

Based on a typical all-in ownership cost of $711/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Luverne is $78k/year.

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What industries drive the economy in Luverne?

The largest employment sectors in Luverne are healthcare (18%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.