Luverne, AL—36049
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Luverne, AL
Luverne, AL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $139,000 | 1.9% |
| Single Family | $139,000 | 1.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Luverne, AL
Luverne, AL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,600 | $1,600 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Luverne, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Luverne, AL is 64. This is a decrease of -59.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $163,000 | 9.0% |
Listing Count | 21 | 50.0% |
| Listings as % of Homes | 0.6% | 50.0% |
Days on Market | 64 | -59.0% |
Demographics — Luverne, AL
As of the latest ACS Survey released in 2023, Luverne, AL has a population of 5,310, which has decreased by -12.4% over the past 5 years. Luverne, AL is a moderately popular place for families, as children make up 21.2% of the population. The area has a poorly educated workforce, with 18.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,310 | -12.4% |
% Under 18 | 21.2% | -3.6% |
% Seniors | 22.8% | 14.0% |
% WFH | 6.5% | -12.2% |
% w/ College Degree | 18.2% | -11.2% |
As of the latest ACS Survey released in 2023, Luverne, AL is a predominantly white area, with 69.6% of the population identifying as white. The white population has shrunk by 4.4% in the last 5 years. The second most common race or ethnicity in Luverne, AL is black, making up 22.1% of the population. Foreign-born residents account for 3.3% of the population in Luverne, AL, and this percentage has increased by 73.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 69.6% | -4.4% |
% Black | 22.1% | -3.5% |
% Hispanic | 2.2% | 266.7% |
% Asian | 1.4% | -12.5% |
% Foreign Born | 3.3% | 73.7% |
Mortgage and Risk — Luverne, AL
According to HUD data as of 2023, there were 109 mortgage originations in Luverne, AL, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Luverne, AL. Investor activity is low, as 15.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 109 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 15.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Luverne, AL
Luverne, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 200 |
Total Units Section 8 | 59 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $760 |
| 2 Bedroom | N/A | N/A | $1,000 |
| 3 Bedroom | -$400 | $1,600 | $1,200 |
| 4 Bedroom | N/A | N/A | $1,330 |
Affordability — Luverne, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $139,000 |
| Median Household Income | $53,100 |