Village of Luther
Solid value in a growing area
Median $187K
This pocket of West Michigan sits on a double-lot corner where you can actually see the seasons change from a deck overlooking mature fruit trees—the kind of detail that shows up in listing after listing because it genuinely matters out here. The area's defining feature isn't just residential; it's the Little Manistee River running through properties on two sides, with trout-filled stretches that pull people back year after year. You're within easy reach of ORV trails that draw riders from across the region, and the nearby Hungerford Lake Recreation Area sits practically next door for when you want water access without leaving town. Lake Michigan is a short drive away at 1.6 miles, but what really anchors this place is the river itself—several homes here claim 500 feet or more of frontage, and the quiet village setting means you're not fighting crowds to use it.
Why people love it here
$187K median
- 1 recent sale
Mortgage Calculator
Median home price in Village of Luther
Estimated Monthly Payment
$1,266/mo
The interest rate shown is not an annual percentage rate (APR). Rate displayed is the current average 30-year fixed rate from the Freddie Mac Primary Mortgage Market Survey and is subject to change without notice. This is not a commitment to lend or an offer of credit. Your actual rate, payment, and costs may vary. Contact a loan officer for a personalized quote.
Guild Mortgage NMLS #3274. Equal Housing Lender. NMLS Consumer Access
Crime in Village of Luther is reported at the city level, not the neighborhood level. The FBI doesn't publish reliable crime rates for individual neighborhoods, and within any community crime varies street to street. For an accurate, comparable picture, see the jurisdiction-wide figures for Lake County.
Lake County crime & safety stats →To buy a median-priced Village of Luther home (around $186,500) at today's 6.43% 30-year fixed rate with 20% down, you'd need roughly $33k/year in household income to qualify — an estimated monthly payment of $1,235 (principal, interest, property tax est., and insurance).
| Down payment | Monthly payment | Income needed |
|---|---|---|
| 20% | $1,235/mo | $32,922 |
| 10% (+PMI) | $1,422/mo | $37,908 |
| 5% (+PMI) | $1,484/mo | $39,572 |
Estimates use a 6.43% 30-year fixed rate (current Freddie Mac average), an aggressive ~45% housing-to-income ratio (roughly what FHA underwriting can allow for a buyer with no other monthly debts — your number depends on your debts and credit), this area's median sale price, plus estimated insurance and PMI below 20% down. Not an APR or a commitment to lend — your actual rate and payment will vary.
Flood Risk
None
Not in flood zone
Nearest Park
Triangle Park
0.2 mi
Parks Nearby
15
within 1 mile
Frequently asked about Village of Luther
- What do homes cost in Village of Luther?
- The median home value in Village of Luther is about $186,500. Individual prices vary by street, size, and condition.
- How active is the Village of Luther housing market?
- there are 3 homes for sale in Village of Luther right now, and 1 home sold here in the last 12 months. Listings refresh throughout the day from the MichRIC MLS.
- What schools serve Village of Luther?
- Village of Luther is served by Pine River Area Schools.