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These days, finding an affordable place to live in the Lucerne area can be challenging. Home prices in Lucerne are now at a median cost of $916,700, higher than the Colorado average of $579,698.
The average cost of rent is $1,487/mo in Lucerne, primarily driven by the current value of real estate in the Lucerne area. In Lucerne, 31.82% of households rent, and 74.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lucerne is $8,876 per month. Households that rent pay about 16.75% of their income on rent here. Lucerne’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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