Luther, OK—73054
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Luther, OK
As of Oct '25, the median home price in Luther, OK is $281,000, with a year-over-year change of 1.5%. This indicates that home prices in Luther, OK are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $281,000 | 1.5% |
| Single Family | $281,000 | 1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $173,000 | -0.6% |
3 Bed | $291,000 | 1.0% |
4 Bed | $493,000 | 5.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Luther, OK
Luther, OK lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Luther, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Luther, OK is 40. This is a increase of 15.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $401,000 | -3.0% |
Listing Count | 20 | 23.0% |
| Listings as % of Homes | 0.8% | 23.0% |
Days on Market | 40 | 15.0% |
Demographics — Luther, OK
As of the latest ACS Survey released in 2023, Luther, OK has a population of 4,560, which has increased by 6.8% over the past 5 years. Luther, OK is a moderately popular place for families, as children make up 23.4% of the population. The area has a moderately educated workforce, with 26.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,560 | 6.8% |
% Under 18 | 23.4% | -2.5% |
% Seniors | 20.4% | 55.7% |
% WFH | 12.3% | 156.2% |
% w/ College Degree | 26.4% | 21.1% |
As of the latest ACS Survey released in 2023, Luther, OK is a predominantly white area, with 77.1% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Luther, OK is hispanic, making up 6.6% of the population. Foreign-born residents account for 1.2% of the population in Luther, OK, and this percentage has increased by 200.0% 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 | 77.1% | -6.8% |
% Black | 3.0% | 42.9% |
% Hispanic | 6.6% | 144.4% |
% Asian | 0.1% | -50.0% |
% Foreign Born | 1.2% | 200.0% |
Mortgage and Risk — Luther, OK
According to HUD data as of 2023, there were 116 mortgage originations in Luther, OK, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Luther, OK. Investor activity is low, as 7.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 116 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 7.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Luther, OK
Luther, OK lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | N/A | N/A | $990 |
| 3 Bedroom | N/A | N/A | $1,310 |
| 4 Bedroom | N/A | N/A | $1,450 |
Affordability — Luther, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $281,000 |
| Median Household Income | $57,300 |