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.
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Why people love it here
$187K median
- 1 recent sale
Conventional Mortgage Calculator
Median home price in Village of Luther
Estimated Monthly Payment
$1,266/mo
Property tax and insurance are estimates you can edit — not a quote. Tap either figure to enter your own.
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. Your actual rate, payment, and costs may vary. Contact a loan officer for a personalized quote.
Guild Mortgage NMLS #3274. Equal Housing Opportunity. NMLS Consumer Access. Not a commitment to lend. All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.
Recent Sale Price
$187K
1 recent sale
Expected Rent
$1,300/mo
$1,150 – $1,450 · estimated range
To buy a median-priced Village of Luther home (around $186,500) at today's 6.65% 30-year fixed rate with 20% down, you'd need roughly $33k/year in household income to qualify — an estimated monthly payment of $1,256 (principal, interest, property tax est., and insurance).
| Down payment | Monthly payment | Income needed |
|---|---|---|
| 20% | $1,256/mo | $33,499 |
| 10% (+PMI) | $1,446/mo | $38,557 |
| 5% (+PMI) | $1,510/mo | $40,257 |
Estimates use a 6.65% 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 a commitment to lend, and not an APR — 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
Atlas — Grand Rapids Real Estate
Local real estate specialists
Questions about Village of Luther? Our team can help with availability, schools, and what it's really like to live here.
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 2 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.