The typical owner-occupied home in Luray is worth about $61,700, 73% below the Missouri median of $230,300 and 81% below the national median of $332,700. Owners pay a median $500 a year in property taxes, about 0.81% of their home's value, close to the Missouri rate of 0.85%. The median household earns $57,321 a year, so the median home costs 1.1 times the median income (3.3 times for Missouri). 52% of occupied homes here are lived in by their owners, and 47% of those owners still have a mortgage.
Luray at a glance
| Luray | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $61,700 | $230,300 | $332,700 |
| Median property tax paid per year | $500 | $1,948 | $3,119 |
| Property tax as a share of value | 0.81% | 0.85% | 0.94% |
| Median household income | $57,321 | $70,702 | $80,734 |
| Homes lived in by their owners | 52% | 68% | 65% |
| Owner homes with a mortgage | 47% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,350 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 18.8% | 19.0% | 21.0% |
| Median rent | – | $1,033 | $1,413 |
| Median year homes were built | 1963 | 1978 | 1980 |
| Vacant homes | 28.3% | 11.2% | 10.1% |
| Population | 181 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Luray
At this week's average 30-year rate of 7.11%, buying the median Luray home of $61,700 with 20% down costs about $399 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $502, 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 $17,118 for the 20%-down payment. That payment is 8% of the median Luray household income of $57,321; at that income and 20% down, the 28% guideline points to a home of about $207,000.
| Down payment | $12,340 |
|---|---|
| Loan amount | $49,360 |
| Principal and interest | $332 |
| Property taxes (0.81% a year) | $42 |
| Homeowners insurance (our estimate, 0.5% a year) | $26 |
| PMI | $0 |
| Total per month | $399 |
Change the numbers in the calculator
| Down payment | $2,160 |
|---|---|
| Loan amount | $60,582 |
| Principal and interest | $408 |
| Property taxes (0.81% a year) | $42 |
| Homeowners insurance (our estimate, 0.5% a year) | $26 |
| FHA mortgage insurance | $27 |
| Total per month | $502 |
Change the numbers in the calculator
Questions about home buying in Luray
What is the median home value in Luray?
About $61,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Luray?
Homeowners pay a median $500 a year, which is about 0.81% 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 Luray?
For the median home with 20% down at 7.11%, the payment is about $399 a month. Keeping that under 28% of gross income takes about $17,118 a year.
More about Luray
- Mortgage Refinance in Luray
- Debt Relief in Luray
- Home Equity Loans in Luray
- 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