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MN area data

Luverne, MN

Luverne, MN.

Population: 6,371 (Census ACS)

Home values & appreciation

Median home value
$265,603
1-year appreciation
+4.4%
3-year appreciation
+14.0%
5-year appreciation
+30.9%
10-year appreciation
+88.3%
All-time peak (2026-04)
$267,759
House Price Index
429.3 (+3.3% YoY)

Market activity

New listings (monthly)
11

Affordability

Cost of living index (Below Average)
90.0 (100 = US avg)
Electricity rate (state-level)
15.8¢/kWh
Natural gas rate (state-level)
$11.00/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Schools

Total schools
4
Elementary schools
1
Middle schools
1
High schools
2

Natural hazards & flood risk

Overall hazard risk
Very Low
Top hazards
hail, winterWeather

Climate (30-year normals)

Average annual temperature
46.0°F
Average high
57.0°F
Average low
35.0°F
Annual precipitation
30.1 in

Amenities

National parks within ~60 mi
1
Nearest national park
Pipestone National Monument (23 mi)
Nearest airport
Quentin Aanenson Airfield - Luverne Municipal Airport (6 mi)
Nearest major airport
Sioux Falls Regional Airport (FSD) (30 mi)
Hospitals nearby (~15 mi)
1
Solar radiation rating
Fair (4.0 kWh/m²/day)

Migration

Net migration
-25 tax filers

Housing stock

Median year housing built
1,963
Median annual property tax
$1,751
Mean commute to work
15 min
Households with broadband internet
80.0%

Employment & development

Total county employment
2,833
Average weekly wage
$1,014
Top industries (by employment)
Health Care, Finance & Insurance, Wholesale Trade
Annual residential building permits (county)
6

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents