A typical Luverne home is worth about $259,000
Up 3.6% in a year, 26% below the Minnesota typical home.
What kind of housing town is Luverne?
Read from the numbers below. The page puts what stands out first.
A two-bedroom rents for about $980
Renters already here pay a median of $645, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Rock County, MN HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
A typical home costs 2.1 years of income
Less than across Minnesota (3.9 years). Try your own numbers below.
That covers a typical Luverne home, with $250K to spare.
A two-bedroom rents for about $980 a month here, $470 less than owning.
How Luverne ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Luverne’s typical property tax (0.42% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
Up 29.4% in five years
Faster than Minnesota (14.1%).
Show as a table
| January | Luverne | Minnesota |
|---|---|---|
| 2017 | $139,000 | $217,000 |
| 2018 | $153,000 | $232,000 |
| 2019 | $165,000 | $246,000 |
| 2020 | $172,000 | $259,000 |
| 2021 | $185,000 | $282,000 |
| 2022 | $209,000 | $313,000 |
| 2023 | $219,000 | $325,000 |
| 2024 | $226,000 | $331,000 |
| 2025 | $244,000 | $341,000 |
| 2026 | $257,000 | $349,000 |
| August 2026 | $259,000 | $351,000 |
A typical Luverne home worth $137K in September 2016 is worth about $259K today.
How Luverne ranks on rising home prices →
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through August 2026.
87% of Luverne households own their home
Half of Luverne’s homes were built before 1956.
Minnesota: 72% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
Luverne vs. its neighbors
The towns that share a border with Luverne. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Luverne | $259K | +3.6% | $980 | $121,875 |
| Mound | — | +9.3%† | $980 | $88,750 |
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 Luverne buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. 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.