The housing market in Luzerne, IA is thriving. The median value of all homes in Luzerne is $248,600, which is slightly lower than the US median home value of $338,100. Additionally, the appreciation rate for housing in Luzerne over the past year has been 8.03%, just slightly lower than the average appreciation rate across the nation of 8.27%. This indicates that there is a strong demand for housing in this area and that prices are likely to continue to increase over time.
The median home cost in Luzerne is $248,600. Home appreciation the last 10 years has been 53.6%. Home Appreciation in Luzerne is up 14.4%.
Average Age of Homes
- The median age of Luzerne real estate is 78 years old
The Rental Market in Luzerne
- Renters make up 8.6% of the Luzerne population
- 4.7% of houses and apartments in Luzerne, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.