
Home Price Key
These days, finding an affordable place to live in the Luzerne area can be challenging. Home prices in Luzerne are now at a median cost of $212,500, higher than the Iowa average of $182,666.
The average cost of rent is $758/mo in Luzerne, primarily driven by the current value of real estate in the Luzerne area. While nearly 65.29% of residents own their homes outright in Luzerne, 20.56% rent.
Housing affordability isn’t just about home prices, though. The average household income in Luzerne is $5,528 per month. Households that rent pay about 13.71% of their income on rent here. Luzerne's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Belle Plaine, IA: less expensive homes
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- Marengo, IA: less expensive homes
- Hartwick, IA: less expensive homes
- Elberon, IA: less expensive homes
- Watkins, IA: less expensive homes
Cities with Similar Populations
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- Elmira, WV: less expensive homes
- Emery Mills, ME: higher priced homes
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