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Affordable
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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 $359,400, higher than the Iowa average of $226,062.
The average cost of rent is $789/mo in Luzerne, primarily driven by the current value of real estate in the Luzerne area. In Luzerne, 26.58% of households rent, and 52.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Luzerne is $7,857 per month. Households that rent pay about 10.04% of their income on rent here. Luzerne’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.
Nearby Cities
- Belle Plaine, IA: less expensive homes
- Blairstown, IA: less expensive homes
- Koszta, IA: less expensive homes
- Irving, IA: less expensive homes
- Keystone, IA: less expensive homes
- Van Horne, IA: less expensive homes
- Marengo, IA: less expensive homes
- Hartwick, IA: less expensive homes
- Elberon, IA: less expensive homes
- Watkins, IA: less expensive homes
Cities with Similar Populations
- Watchorn, OK: less expensive homes
- East Schuyler, NY: less expensive homes
- Eastside, OR: higher priced homes
- Egypt, OH: equally priced homes
- Egypt, TX: less expensive homes
- Elberta, UT: equally priced homes
- Elgin, TN: less expensive homes
- Ellistown, MS: less expensive homes
- Elmira, WV: less expensive homes
- Emery Mills, ME: less expensive homes
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