Lu Verne, IA
Population 315 · Iowa
About Lu Verne, IA
Lu Verne is a small community located in Iowa with a population of 315 residents according to the latest US Census Bureau American Community Survey data. The median household income is $56,667 per year, which is 25% below the national median of $75,149. The median age of 24.7 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Lu Verne features a median home value of $38,100, which is 84% below the national median of $244,900. This makes Lu Verne one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 151 total housing units, 82% are owner-occupied (102 units) and 18% are renter-occupied (22 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lu Verne shows an unemployment rate of 3.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 24.1%, above the national average of 12.4%. Workers in Lu Verne have an average one-way commute time of 21.2 minutes.
Education & Demographics
12.5% of Lu Verne residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.3% White, 3.5% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.3% of the population being foreign-born.
How Lu Verne Ranks in Iowa
Cost of Living in Lu Verne, IA
Compared to national averages, Lu Verne has a median household income of $56,667 (25% below the national median of $75,149). Home values average $38,100, which is 84% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Iowa, Lu Verne's income is 17% below the state average of $67,947, and home values are 71% below the state median of $132,237.
Why Live in Lu Verne, IA?
Lu Verne offers affordable housing with a median home value of $38,100, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 3.6%. Additionally, the city features short commute times averaging just 21.2 minutes.
Potential considerations include median household income ($56,667) that falls below the national average. However, Lu Verne’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lu Verne has a population of 315 with a median age of 24.7 years. Compare Lu Verne with other cities to see how it stacks up, or explore all cities in Iowa.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Lu Verne
What is the population of Lu Verne, IA?
The population of Lu Verne, IA is 315 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Iowa.
What is the median household income in Lu Verne?
The median household income in Lu Verne, IA is $56,667 per year, which is 25% below the national median of $75,149.
What is the median home value in Lu Verne?
The median home value in Lu Verne, IA is $38,100, which is 84% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lu Verne?
The median monthly rent in Lu Verne, IA is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Lu Verne?
The unemployment rate in Lu Verne, IA is 3.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lu Verne, IA a good place to live?
Lu Verne offers a moderate cost of living, affordable housing, and a strong job market. With a population of 315 and a median age of 24.7, the city appeals to young professionals and families.
How educated is Lu Verne, IA?
12.5% of residents in Lu Verne aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lu Verne?
Key cost-of-living indicators for Lu Verne, IA: median home value is $38,100 (84% below national), median rent is $0/month, and median household income is $56,667. The home-value-to-income ratio is 0.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lu Verne?
The poverty rate in Lu Verne, IA is 24.1%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Lu Verne, IA?
Lu Verne's population is 0.3% White, 3.5% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 9.5% two or more races. 0.3% of residents are foreign-born.