Luzerne, PA 18709 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Luzerne, PA—18709

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$170,000

10.7% YoY Growth

Household Income

$38,500

7.7% YoY Growth

Days on Market

58.0% Shorter YoY

Home Price Forecast

0.6%

Median Rent

$1,100

29.0% YoY Growth

1-Bed Rent

$995

N/A

2-Bed Rent

$1,100

4.5% YoY Growth

3-Bed Rent

N/A

Home Price Trends — Luzerne, PA

As of Dec '25, the median home price in Luzerne, PA is $170,000, with a year-over-year change of 10.7%. This indicates that home prices in Luzerne, PA are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$170,000	10.7%
Single Family	$170,000	6.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Luzerne, PA

As of July '25, Rentcast reports the average rent in Luzerne, PA is $1,100, with a year-over-year rent change of -29.0%. Per bedroom, the median rent as of July '25 in Luzerne, PA is 1-bedrooms: $1,040, 2-bedrooms: $1,150. The most common rental property sizes in Luzerne, PA are 2-bedroom and 3-bedroom, accounting for 37.5% and 33.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,100	$1,100
Studio Rent	N/A	N/A
1 Bed Rent	$995	$1,040
2 Bed Rent	$1,100	$1,150
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

10.2%

1 Bedroom

16.2%

2 Bedrooms

37.5%

3 Bedrooms

33.4%

4 Bedrooms

2.7%

Property Listings — Luzerne, PA

As of Dec '25, Realtor.com reports that the median days on market for a home in Luzerne, PA is 36. This is a decrease of -25.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$174,000	-16.0%
Listing Count	7	129.0%
Listings as % of Homes	0.1%	129.0%
Days on Market	37	-58.0%

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Demographics — Luzerne, PA

As of the latest ACS Survey released in 2023, Luzerne, PA has a population of 2,960, which has increased by 1.3% over the past 5 years. Luzerne, PA is a moderately popular place for families, as children make up 22.3% of the population. The area has a poorly educated workforce, with 14.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	2,960	1.3%
% Under 18	22.3%	53.8%
% Seniors	24.2%	2.1%
% WFH	11.7%	11,600.0%
% w/ College Degree	14.2%	-4.7%

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As of the latest ACS Survey released in 2023, Luzerne, PA is a predominantly white area, with 88.9% of the population identifying as white. The white population has shrunk by 9.0% in the last 5 years. The second most common race or ethnicity in Luzerne, PA is black, making up 4.2% of the population. Foreign-born residents account for 0.7% of the population in Luzerne, PA, and this percentage has decreased by 50.0% 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	88.9%	-9.0%
% Black	4.2%	425.0%
% Hispanic	1.1%	-8.3%
% Asian	0.0%	N/A
% Foreign Born	0.7%	-50.0%

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Mortgage and Risk — Luzerne, PA

According to HUD data as of 2023, there were 29 mortgage originations in Luzerne, PA, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Luzerne, PA. Investor activity is low, as 10.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	29
% Conventional Loans	76.0%
% Government Loans	24.0%
% Investor Loans	10.0%
% Second Loans	3.0%
% Cash Out Refinance	21.0%

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Rentals and Section 8 — Luzerne, PA

Luzerne, PA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	131
Total Units Section 8	21
% Rentals under Section 8	3.1%
% Occupied Section 8	78.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$225	$995	$770
2 Bedroom	-$160	$1,100	$940
3 Bedroom	N/A	N/A	$1,210
4 Bedroom	N/A	N/A	$1,320

Luzerne, PA—18709

Key Metrics at a Glance

Home Price Trends — Luzerne, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Luzerne, PA

% of Rental Stock

Property Listings — Luzerne, PA

Demographics — Luzerne, PA

Race and Ethnicity

Mortgage and Risk — Luzerne, PA

Mortgages

Rentals and Section 8 — Luzerne, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Luzerne, PA

Home Price to Income Ratio

Luzerne, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Kingston, PA

Wilkes-Barre, PA

Wyoming, PA

Wilkes-Barre, PA

Shavertown, PA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$170,000
Median Household Income	$38,500

Luzerne, PA—18709

Key Metrics at a Glance

Home Price Trends — Luzerne, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Luzerne, PA

% of Rental Stock

Property Listings — Luzerne, PA

Demographics — Luzerne, PA

Race and Ethnicity

Mortgage and Risk — Luzerne, PA

Mortgages

Rentals and Section 8 — Luzerne, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Luzerne, PA

Home Price to Income Ratio

Luzerne, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Kingston, PA

Wilkes-Barre, PA

Wyoming, PA

Wilkes-Barre, PA

Shavertown, PA

Frequently Asked Questions

What is the average home price in Luzerne, PA 18709?

How have home prices in Luzerne, PA 18709 changed over the past year?

What is the home price projection for Luzerne, PA 18709?

What are the demographics of Luzerne, PA 18709?

How long does it take homes to sell in Luzerne, PA 18709?

What is the average rent price in Luzerne, PA 18709?