Home Values

Lake Luzerne Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$180,000

  • -4.4% 1-year change
  • -1.4% 1-year forecast

The median home value in Lake Luzerne is $180,000. Lake Luzerne home values have declined -4.4% over the past year and Zillow predicts they will fall -1.4% within the next year. The median price of homes currently listed in Lake Luzerne is $254,900.

Foreclosures will be a factor impacting home values in the next several years. In Lake Luzerne 42.2 homes are foreclosed (per 10,000). This is greater than the Glens Falls Metro value of 2.6 and also greater than the national value of 4.2

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Lake Luzerne is 15.9%, which is higher than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Lake Luzerne homeowners underwater on their mortgage is 10.7%, which is lower than Glens Falls Metro at 14.1%.

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Relative ZHVI
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Lake Luzerne Market Overview

Data through Nov 30, 2014
  • $180,000 ZHVI
  • -1.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Nov 30, 2015)
  • $254,900 Median listing price
  • No data Median sale price
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Lake Luzerne Market Health

Data through Nov 30, 2014
  • 0.5/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 10.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 15.9% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

42.2 homes(Oct 31, 2014) Lake Luzerne
2.6 homes(Oct 31, 2014) Glens Falls Metro
4.2 homes United States
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Nearby Cities

Name Median ZHVI
Queensbury $254,000
Town of Lake George $250,800
Moreau $190,000
Name Median ZHVI
Glens Falls North $187,500
Town of Corinth $146,700
South Glens Falls $146,700
Name Median ZHVI
West Glens Falls $144,300
Lake Luzerne-Hadley $143,200
Glens Falls $127,800

Listings & Sales

Data through Nov 30, 2014
  • $155 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
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Lake Luzerne Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,760 Lake Luzerne
    $1,726 Glens Falls Metro
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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