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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Luther, OK Housing Affordability Index

Luther, Oklahoma has an MBR Housing Affordability Index score of 109.1 (Near National Average) as of October 30, 2026, ranking 531st most affordable of 555 scored Oklahoma cities, compared with 117.4 statewide and 97.4 nationally. On a median-priced $212,800 home with 20% down, the Oklahoma average 30-year fixed rate of 7.31% means a monthly principal and interest payment of about $1,169, or 27% of the city’s $51,827 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Luther is updated every night from live Oklahoma mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Luther MBR-HAI 109.1 Near National Average
Rank in Oklahoma 531 of 555 1 = most affordable
Oklahoma 117.4 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.31% Oklahoma lenders
Median home value $212,800 U.S. Census Bureau

Luther is 8.3 points below the Oklahoma score. Scores as of October 30, 2026. See the Oklahoma index

View Luther Mortgage Rates

What It Takes to Buy in Luther

$1,169/mo
Principal & Interest
Median home, 20% down, 7.31%
$50,100
Income Needed
To keep the payment at 28% of income
$51,827
Median Household Income
Oklahoma: $65,039
4.1x
Price-to-Income Ratio
Oklahoma: 3.1x
$622/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,461/yr
Median Property Tax
0.69% of median value
30.4%
Owner Cost Burden
Owners spending 30%+ of income on housing
31.7%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Luther, Oklahoma. The rate is the Oklahoma average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Luther Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Luther, Oklahoma score: 109.1 (Near National Average), ranked 531 of 555 Oklahoma cities. monitorbankrates.com/housing-affordability-index/oklahoma/luther”