The typical owner-occupied home in Luke is worth about $51,000, 88% below the Maryland median of $419,900 and 85% below the national median of $332,700. The median household earns $81,250 a year, so the median home costs 0.6 times the median income (4.1 times for Maryland). 89% of occupied homes here are lived in by their owners, and 16% of those owners still have a mortgage.
Luke at a glance
| Luke | Maryland | U.S. | |
|---|---|---|---|
| Median home value | $51,000 | $419,900 | $332,700 |
| Median property tax paid per year | – | $4,093 | $3,119 |
| Median household income | $81,250 | $103,678 | $80,734 |
| Homes lived in by their owners | 89% | 68% | 65% |
| Owner homes with a mortgage | 16% | 71% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,347 | $1,963 |
| Median rent | – | $1,705 | $1,413 |
| Median year homes were built | 1938 | 1979 | 1980 |
| Vacant homes | 25.5% | 7.7% | 10.1% |
| Population | 89 | 6,206,011 | 334,922,499 |
What a typical home costs per month in Luke
At this week's average 30-year rate of 7.11%, buying the median Luke home of $51,000 with 20% down costs about $342 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $427, 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 $14,677 for the 20%-down payment. That payment is 5% of the median Luke household income of $81,250; at that income and 20% down, the 28% guideline points to a home of about $282,000.
| Down payment | $10,200 |
|---|---|
| Loan amount | $40,800 |
| Principal and interest | $274 |
| Property taxes (1.10% a year) | $47 |
| Homeowners insurance (our estimate, 0.5% a year) | $21 |
| PMI | $0 |
| Total per month | $342 |
Change the numbers in the calculator
| Down payment | $1,785 |
|---|---|
| Loan amount | $50,076 |
| Principal and interest | $337 |
| Property taxes (1.10% a year) | $47 |
| Homeowners insurance (our estimate, 0.5% a year) | $21 |
| FHA mortgage insurance | $23 |
| Total per month | $427 |
Change the numbers in the calculator
Questions about home buying in Luke
What is the median home value in Luke?
About $51,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Luke?
For the median home with 20% down at 7.11%, the payment is about $342 a month. Keeping that under 28% of gross income takes about $14,677 a year.
More about Luke
- Mortgage Refinance in Luke
- Debt Relief in Luke
- Home Equity Loans in Luke
- 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