Lake Luzerne Home Prices & Values

$181,800 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • -3.5% 1-year change
  • 3.0% 1-year forecast

The median home value in Lake Luzerne is $181,800. Lake Luzerne home values have declined -3.5% over the past year and Zillow predicts they will rise 3.0% within the next year. The median price of homes currently listed in Lake Luzerne is $224,900.

Foreclosures will be a factor impacting home values in the next several years. In Lake Luzerne 15.1 homes are foreclosed (per 10,000). This is greater than the Glens Falls Metro value of 1.1 and also greater than the national value of 4.3

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 8.5%, which is higher than the national value of 6.9%. 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 11.3%, which is lower than Glens Falls Metro at 11.4%.

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Relative ZHVI
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Lake Luzerne Market Overview

Data through Aug 31, 2014
  • $181,800 ZHVI
  • 3.0% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $224,900 Median listing price
  • No data Median sale price
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Lake Luzerne Market Health

Data through Aug 31, 2014
  • 4.3/10 Less healthy What's This?  
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    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
  • 11.3% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 8.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

15.1 homes(Jul 31, 2014) Lake Luzerne
1.1 homes Glens Falls Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Queensbury $253,200 Town of Lake George $244,300 Glens Falls North $190,500
Moreau $187,100 Lake Luzerne-Hadley $151,600 South Glens Falls $148,500
West Glens Falls $147,000 Town of Corinth $144,800 Glens Falls $136,600

Listings & Sales

Data through Aug 31, 2014
  • $151 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 36.6% Listings with price cut
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Lake Luzerne Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,722 Lake Luzerne
$1,710 Glens Falls Metro
$1,328 United States
  • 1.9 Breakeven horizon What's This?  
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    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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