Lucerne, CA is a beautiful town with a median housing value of $264,500. This is significantly lower than the US House Median Value of $338,100. The appreciation rate of homes in Lucerne in the past year has been 1.98%, while the US 1 year House Appreciation rate is 8.27%. Despite this, Lucerne remains an attractive destination for people looking to invest in real estate due to its picturesque setting and relative affordability compared to other areas in California.
The median home cost in Lucerne is $264,500. Home appreciation the last 10 years has been 121.5%. Home Appreciation in Lucerne is up 9.5%.
Average Age of Homes
- The median age of Lucerne real estate is 45 years old
The Rental Market in Lucerne
- Renters make up 34.1% of the Lucerne population
- 1.1% of houses and apartments in Lucerne, 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.