House Prices

House Prices & Home Values Luther, MI 2026


Average Data

average house price$114,867
average size per house1200 ft²
average price per ft²96 $ / ft²

04/21/2026 - The value range (VR) for house prices in Luther, MI is $96/ sqft to $96/ sqft. An average home with 1200 sqft costs approximately $115,200 to $115,200. Luther, MI includes 1 ZIP codes and it is located in Lake county. The lowest prices are found in ZIP 49656, while the highest are in ZIP 49656. The average price per sqare feet is $96. Our analysis is based on 6 property listings.

Avergage prices by ZIP codes Luther

49656100 $ / ft²




Historical development of home values in Luther

Year Estimated value (USD) Change vs. 2025
2010 $53,346 -53.6%
2011 $51,283 -55.4%
2012 $51,145 -55.5%
2013 $53,057 -53.8%
2014 $55,695 -51.5%
2015 $58,554 -49.0%
2016 $61,609 -46.4%
2017 $64,935 -43.5%
2018 $68,525 -40.3%
2019 $71,702 -37.6%
2020 $75,409 -34.4%
2021 $85,769 -25.3%
2022 $99,988 -13.0%
2023 $105,442 -8.2%
2024 $111,542 -2.9%
2025 $114,867 0.0%

Graph: estimated home values in Luther over time (USD)



Example: 100% financing house in Luther

Loan amount: $114,867

Interest rate: 6.00%

Fixed monthly payment: $688.69

Breakdown in the 1st month:
Interest portion: $574.34  –  Principal portion: $114.35

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $6,853.65 $1,410.58 $113,456.42
2 $6,766.65 $1,497.58 $111,958.84
3 $6,674.28 $1,589.95 $110,368.89
4 $6,576.21 $1,688.01 $108,680.87
5 $6,472.10 $1,792.13 $106,888.75
6 $6,361.57 $1,902.66 $104,986.09
7 $6,244.22 $2,020.01 $102,966.07
8 $6,119.63 $2,144.60 $100,821.47
9 $5,987.35 $2,276.88 $98,544.59
10 $5,846.92 $2,417.31 $96,127.28
11 $5,697.82 $2,566.41 $93,560.88
12 $5,539.53 $2,724.70 $90,836.18
13 $5,371.48 $2,892.75 $87,943.43
14 $5,193.06 $3,071.17 $84,872.27
15 $5,003.64 $3,260.59 $81,611.68
16 $4,802.53 $3,461.70 $78,149.98
17 $4,589.02 $3,675.21 $74,474.77
18 $4,362.34 $3,901.88 $70,572.89
19 $4,121.68 $4,142.54 $66,430.35
20 $3,866.18 $4,398.05 $62,032.30
21 $3,594.92 $4,669.31 $57,362.99
22 $3,306.93 $4,957.30 $52,405.69
23 $3,001.17 $5,263.06 $47,142.63
24 $2,676.56 $5,587.67 $41,554.96
25 $2,331.92 $5,932.31 $35,622.65
26 $1,966.03 $6,298.20 $29,324.46
27 $1,577.57 $6,686.66 $22,637.80
28 $1,165.15 $7,099.08 $15,538.72
29 $727.30 $7,536.93 $8,001.79
30 $262.44 $8,001.79 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Luther, MI


1500 sqft3900 sqft
Ø selling price$174,240$370,657
Ø fast selling$158,400$333,591
Ø high price sale$190,081$407,722

In 2026, houses in Luther, MI will be offered at an average price of $96 per square foot. A 1,500 sqft home priced at $174,240 is 23.85% more expensive per square foot than a 3,900 sqft home priced at $370,657. Home prices in Luther, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $256,609. Sellers who can wait longer may achieve a higher price of up to $313,632.

FAQ – Home Values in Luther

What is the median home value in Luther in 2026?

In 2026, the typical home value in Luther is about $114,867 for an average home size of 1200 square feet. This corresponds to an average price of roughly $96 per square foot.

What is the average cost per square foot in Luther?

In 2026, homes in Luther sell for an average of around $96 per square foot, with a typical range between $96 and $96 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Luther is about 1200 square feet, with an estimated 2026 value around $114,867.



Locations close to Luther, MI

Mc Bain, MI74 $ / ft²
Mancelona, MI125 $ / ft²
Manistee, MI102 $ / ft²
Leroy, MI100 $ / ft²
Leland, MI418 $ / ft²
Lake Leelanau, MI127 $ / ft²
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