Housing in Luce

A typical Luce home is worth roughly $168,000

#30Cheapest rent in IN All IN rankings →

Typical home value

$168K

IN $260K

Estimate

2-bedroom rent

$1,280

a month, utilities in · HUD

Median tax bill

$1,446

IN $1,614

What kind of housing town is Luce?

Read from the numbers below. The page puts what stands out first.

Rent is cheap#30 in IN for the cheapest rent.Your money goes further36% below the Indiana typical home.

★ What stands out · Renting

A two-bedroom rents for about $1,280

Renters already here pay a median of $688, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$890

1 bedroom$970

2 bedrooms$1,280

3 bedrooms$1,770

4 bedrooms$1,850

15%

of households rent · IN 29%

152

renter households

22%

of renters spend 30%+ of income on rent · IN 48%

25%

of the median income, for a two-bedroom

$688

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Spencer County, IN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Affordability

A typical home costs 2.7 years of income

Less than across Indiana (3.6 years). Try your own numbers below.

You could afford about

$243,000

Typical Luce home $168K

That covers a typical Luce home, with $75K to spare.

The typical home, each month

$1,000

Loan $830Tax $120Insurance $50

A two-bedroom rents for about $1,280 a month here, $280 more than owning.

Where your budget reaches nearby

Anderson$195K Boon$197K Ohio$159K Grass$133K

How Luce ranks on affordability →

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Luce’s typical property tax (0.86% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

85% of Luce households own their home

Half of Luce’s homes were built before 1975.

Owners and renters

Own 85%Rent 15%

Indiana: 71% own.

1975

typical home built · IN 1976

$1,446

median property tax bill · IN $1,614

0.86%

of a home’s value, a year in tax · IN 0.74%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024.

Next door

Luce vs. its neighbors

Luce is the 3rd least expensive of 5 neighboring towns. Tap one to see its housing page.

Boon$197K Anderson$195K Luce$168K Ohio$159K Grass$133K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Luce	$168K*	—	$1,280	$62,241
Anderson	$195K*	+4.5%†	$1,230	$97,569
Boon	$197K*	−1.5%†	$1,030	$78,464
Ohio	$159K*	−8.5%†	$990	$76,125
Grass	$133K*	—	$1,080	$54,549

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Luce buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Luce still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.