The typical owner-occupied home in Luthersville is worth about $209,200, 31% below the Georgia median of $303,300 and 37% below the national median of $332,700. Owners pay a median $1,792 a year in property taxes, about 0.86% of their home's value, higher than the Georgia rate of 0.77%. The median household earns $74,167 a year, so the median home costs 2.8 times the median income (3.9 times for Georgia). 69% of occupied homes here are lived in by their owners, and 67% of those owners still have a mortgage.
Luthersville at a glance
| Luthersville | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $209,200 | $303,300 | $332,700 |
| Median property tax paid per year | $1,792 | $2,341 | $3,119 |
| Property tax as a share of value | 0.86% | 0.77% | 0.94% |
| Median household income | $74,167 | $77,353 | $80,734 |
| Homes lived in by their owners | 69% | 66% | 65% |
| Owner homes with a mortgage | 67% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $1,488 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 18.8% | 20.0% | 21.0% |
| Median rent | $1,040 | $1,393 | $1,413 |
| Rent as a share of renters' income | 29.2% | 31.3% | 30.6% |
| Median year homes were built | 1984 | 1992 | 1980 |
| Vacant homes | 9.0% | 10.3% | 10.1% |
| Population | 1,000 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Luthersville
At this week's average 30-year rate of 7.11%, buying the median Luthersville home of $209,200 with 20% down costs about $1,363 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,711, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $58,411 for the 20%-down payment. That payment is 22% of the median Luthersville household income of $74,167; at that income and 20% down, the 28% guideline points to a home of about $266,000.
The median rent here is $1,040 a month, so owning the median home costs about $323 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $41,840 |
|---|---|
| Loan amount | $167,360 |
| Principal and interest | $1,126 |
| Property taxes (0.86% a year) | $150 |
| Homeowners insurance (our estimate, 0.5% a year) | $87 |
| PMI | $0 |
| Total per month | $1,363 |
Change the numbers in the calculator
| Down payment | $7,322 |
|---|---|
| Loan amount | $205,411 |
| Principal and interest | $1,382 |
| Property taxes (0.86% a year) | $150 |
| Homeowners insurance (our estimate, 0.5% a year) | $87 |
| FHA mortgage insurance | $93 |
| Total per month | $1,711 |
Change the numbers in the calculator
Questions about home buying in Luthersville
What is the median home value in Luthersville?
About $209,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Luthersville?
Homeowners pay a median $1,792 a year, which is about 0.86% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Luthersville?
For the median home with 20% down at 7.11%, the payment is about $1,363 a month. Keeping that under 28% of gross income takes about $58,411 a year.
More about Luthersville
- Mortgage Refinance in Luthersville
- Debt Relief in Luthersville
- Home Equity Loans in Luthersville
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data