Lake Luzerne, NY—12846
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lake Luzerne, NY
As of Oct '25, the median home price in Lake Luzerne, NY is $304,000, with a year-over-year change of 1.2%. This indicates that home prices in Lake Luzerne, NY are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $304,000 | 1.2% |
| Single Family | $303,000 | 0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $244,000 | -1.6% |
3 Bed | $328,000 | 0.0% |
4 Bed | $368,000 | 1.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lake Luzerne, NY
Lake Luzerne, NY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lake Luzerne, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Lake Luzerne, NY is 52. This is a increase of 18.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $331,000 | -1.0% |
Listing Count | 23 | 5.0% |
| Listings as % of Homes | 0.5% | 5.0% |
Days on Market | 52 | 18.0% |
Demographics — Lake Luzerne, NY
As of the latest ACS Survey released in 2023, Lake Luzerne, NY has a population of 3,010, which has decreased by -7.3% over the past 5 years. Lake Luzerne, NY is a moderately popular place for families, as children make up 16.1% of the population. The area has a moderately educated workforce, with 25.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,010 | -7.3% |
% Under 18 | 16.1% | 25.8% |
% Seniors | 20.9% | -9.5% |
% WFH | 4.6% | -11.5% |
% w/ College Degree | 25.8% | 15.2% |
As of the latest ACS Survey released in 2023, Lake Luzerne, NY is a predominantly white area, with 98.5% of the population identifying as white. The white population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in Lake Luzerne, NY is black, making up 0.6% of the population. Foreign-born residents account for 0.9% of the population in Lake Luzerne, NY, and this percentage has decreased by 60.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 98.5% | -0.5% |
% Black | 0.6% | 200.0% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.9% | -60.9% |
Mortgage and Risk — Lake Luzerne, NY
According to HUD data as of 2023, there were 43 mortgage originations in Lake Luzerne, NY, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Lake Luzerne, NY. Investor activity is low, as 5.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 43 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 5.0% |
% Second Loans | 12.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Lake Luzerne, NY
Lake Luzerne, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 24 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | 8.2% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,060 |
| 2 Bedroom | N/A | N/A | $1,330 |
| 3 Bedroom | N/A | N/A | $1,720 |
| 4 Bedroom | N/A | N/A | $1,760 |
Affordability — Lake Luzerne, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $304,000 |
| Median Household Income | $47,400 |