Market Overview
Home Prices in Luzerne, IA
The median home value in Luzerne, IA is $375,136 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.5% compared to a year ago and up 1.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Luzerne are priced9% below average. Luzerne is part of the Cedar Rapids, IA metro area.
Over the past five years, Luzerne home values have risen by approximately31.0%, reflecting strong long-term appreciation in this market.
Price History
Luzerne Home Price Trend
City Comparison
Luzerne vs. National Median
At $375,136, homes in Luzerne cost 9% below the national median of $410,000. This makes Luzerne a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Luzerne?
20% Down Payment
$75,027
on $375,136
Monthly P&I
$1,956/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,484/mo
incl. taxes & insurance
Income Needed
$99,360
gross annual (30% rule)
10% Down Option
$37,514
+ PMI applies
Loan Amount (20% dn)
$300,109
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Luzerne, IA?
The median home value in Luzerne is $375,136 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.5% year-over-year.
How much have home prices changed in Luzerne?
Over the past year, home values in Luzerne have increased by 2.5%. Over five years, prices have risen approximately 31.0%.
How much do I need to earn to buy a home in Luzerne?
To comfortably afford the median home price of $375,136 with a 20% down payment ($75,027) at today's rates (6.8%), you'd need a gross annual income of approximately $99,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Luzerne compare to the national average home price?
The national median home value is approximately $410,000. At $375,136, homes in Luzerne are 9% below the national average.
What metro area is Luzerne part of?
Luzerne is part of the Cedar Rapids, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.