
Expensive
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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 $255,310, higher than the Ohio average of $236,816.
The average cost of rent is $1,134/mo in Lucerne, primarily driven by the current value of real estate in the Lucerne area. In Lucerne, 14.03% of households rent, and 42.89% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lucerne is $5,352 per month. Households that rent pay about 21.19% of their income on rent here. Lucerne’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Chesterville, OH: less expensive homes
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- Centerburg, OH: higher priced homes
- Sparta, OH: equally priced homes
Cities with Similar Populations
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