Luzerne, PA—18709
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Luzerne, PA
As of Oct '25, the median home price in Luzerne, PA is $171,000, with a year-over-year change of 13.2%. This indicates that home prices in Luzerne, PA are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $171,000 | 13.2% |
| Single Family | $171,000 | 11.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $188,000 | 9.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Luzerne, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Luzerne, PA is 52. This is a increase of 21.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $200,000 | 0.0% |
Listing Count | 4 | 25.0% |
| Listings as % of Homes | 0.1% | 25.0% |
Days on Market | 52 | 21.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Luzerne, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $171,000 |
| Median Household Income | $38,500 |