Luther, OK housing market
The typical Luther home is worth about $284,000, up 2.1% in a year, 27% above the Oklahoma typical home.
Home values, sales, trends and how Luther compares with the towns next door — updated as new data is published.
Luther at a glance
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Luther | Oklahoma |
|---|---|---|
| 2017 | $147,000 | $130,000 |
| 2018 | $161,000 | $134,000 |
| 2019 | $168,000 | $139,000 |
| 2020 | $181,000 | $148,000 |
| 2021 | $207,000 | $163,000 |
| 2022 | $243,000 | $185,000 |
| 2023 | $263,000 | $203,000 |
| 2024 | $270,000 | $210,000 |
| 2025 | $283,000 | $217,000 |
| 2026 | $281,000 | $221,000 |
| August 2026 | $284,000 | $223,000 |
6 new homes permitted in 2025
Builders were permitted 6 new homes in Luther in 2025, all single-family houses, worth about $1.8 million to build. That's 3.7 per 1,000 residents, slower than across Oklahoma (5.6). Over the past 10 years, Luther has permitted 130 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Luther gained 271 residents while 209 new homes were permitted: about 1.3 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. Across Oklahoma: 1.8 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 6 | 4 | 2 | $1.5 million |
| 2025 | 6 | 6 | 0 | $1.8 million |
| 2024 | 10 | 10 | 0 | $2.9 million |
| 2023 | 30 | 30 | 0 | $8.6 million |
| 2022 | 3 | 3 | 0 | $857,000 |
| 2021 | 10 | 10 | 0 | $2.6 million |
| 2020 | 3 | 3 | 0 | $704,000 |
| 2019 | 4 | 4 | 0 | $948,000 |
| 2018 | 7 | 5 | 2 | $1.4 million |
| 2017 | 27 | 27 | 0 | $5.1 million |
| 2016 | 30 | 30 | 0 | $5.7 million |
| 2015 | 27 | 27 | 0 | $5.2 million |
| 2014 | 33 | 33 | 0 | $6.2 million |
| 2013 | 18 | 18 | 0 | $3.7 million |
| 2012 | 22 | 22 | 0 | $3.9 million |
| 2011 | 15 | 15 | 0 | $2.7 million |
| 2010 | 26 | 26 | 0 | $4.6 million |
| 2009 | 21 | 21 | 0 | $3.8 million |
| 2008 | 8 | 8 | 0 | $1.4 million |
| 2007 | 13 | 13 | 0 | $2.2 million |
| 2006 | 5 | 5 | 0 | $785,000 |
| 2005 | 8 | 8 | 0 | $1.1 million |
| 2004 | 10 | 10 | 0 | $1.4 million |
| 2003 | 1 | 1 | 0 | $126,000 |
| 2002 | 1 | 1 | 0 | $126,000 |
| 2001 | 0 | 0 | 0 | — |
| 2000 | 0 | 0 | 0 | — |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Luther and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Luther | $284K | +2.1% | $1,050 | 6 | $51,827 |
| Oklahoma City | $207K | +0.1% | $1,340 | 5,236 | $68,656 |
5.5 years of income
The typical Luther home costs about 5.5 years of the town's median household income, more than across Oklahoma (3.4 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,050
HUD's Fair Market Rent for a two-bedroom in Luther is $1,050 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Luther pay a median of $1,375. A two-bedroom takes about 24% of the town's median household income.
Studio $810 · 4 bedrooms $1,570
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (73054; Oklahoma City, OK HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Luther
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.