Home Price Key
Affordable
Average
Expensive
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 $116,388, lower than the Indiana average of $175,617.
The average cost of rent is $772/mo in Lucerne, primarily driven by the current value of real estate in the Lucerne area. While nearly 59.11% of residents own their homes outright in Lucerne, 9.32% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lucerne is $4,171 per month. Households that rent pay about 18.52% of their income on rent here. Lucerne's most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
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Cities with Similar Populations
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- Young, AZ: higher priced homes
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