Lake Luzerne, NY is a great place for potential home buyers to consider investing in. The median value of housing in the area is $263,600, which is much lower than the US house median value of $338,100. Despite this discrepancy, Lake Luzerne has seen a one-year increase in house appreciation of 9.95%, higher than the national average of 8.27%. This suggests that despite its lower median property values, the real estate market in Lake Luzerne is healthy and could be a great option for potential home buyers looking to invest in a new home.
The median home cost in Lake Luzerne is $263,600. Home appreciation the last 10 years has been 56.3%. Home Appreciation in Lake Luzerne is up 13.4%.
Average Age of Homes
- The median age of Lake Luzerne real estate is 37 years old
The Rental Market in Lake Luzerne
- Renters make up 12.7% of the Lake Luzerne population
- 0.0% of houses and apartments in Lake 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.