Home Price Key
Affordable
Average
Expensive
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 $89,881, lower than the Michigan average of $196,062.
The average cost of rent is $757/mo in Luzerne, primarily driven by the current value of real estate in the Luzerne area. While nearly 53.71% of residents own their homes outright in Luzerne, 10.71% rent.
Housing affordability isn’t just about home prices, though. The average household income in Luzerne is $3,893 per month. Households that rent pay about 19.45% of their income on rent here. Luzerne's most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Mio, MI: higher priced homes
- Red Oak, MI: higher priced homes
- Kneeland, MI: higher priced homes
- Fairview, MI: higher priced homes
- Rose City, MI: higher priced homes
- Comins, MI: higher priced homes
- Lovells, MI: higher priced homes
- McKinley, MI: equally priced homes
- Lewiston, MI: higher priced homes
- Lupton, MI: higher priced homes
Cities with Similar Populations
- Alma, WI: higher priced homes
- Yonkers, OK: less expensive homes
- Worthington, MA: higher priced homes
- Wilton, ND: higher priced homes
- Westtown, PA: higher priced homes
- West Manchester, OH: higher priced homes
- Wataga, IL: equally priced homes
- Walthill, NE: less expensive homes
- Walnut Grove, AL: equally priced homes
- Verden, OK: equally priced homes
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