Market Overview
Home Prices in Lucerne, IN
The median home value in Lucerne, IN is $214,317 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.7% compared to a year ago and up 5.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lucerne are priced48% below average. Lucerne is part of the Logansport, IN metro area.
Over the past five years, Lucerne home values have risen by approximately36.8%, reflecting strong long-term appreciation in this market.
Price History
Lucerne Home Price Trend
City Comparison
Lucerne vs. National Median
At $214,317, homes in Lucerne cost 48% below the national median of $410,000. This makes Lucerne a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lucerne?
20% Down Payment
$42,863
on $214,317
Monthly P&I
$1,118/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,420/mo
incl. taxes & insurance
Income Needed
$56,800
gross annual (30% rule)
10% Down Option
$21,432
+ PMI applies
Loan Amount (20% dn)
$171,454
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 Lucerne, IN?
The median home value in Lucerne is $214,317 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.7% year-over-year.
How much have home prices changed in Lucerne?
Over the past year, home values in Lucerne have increased by 2.7%. Over five years, prices have risen approximately 36.8%.
How much do I need to earn to buy a home in Lucerne?
To comfortably afford the median home price of $214,317 with a 20% down payment ($42,863) at today's rates (6.8%), you'd need a gross annual income of approximately $56,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Lucerne compare to the national average home price?
The national median home value is approximately $410,000. At $214,317, homes in Lucerne are 48% below the national average.
What metro area is Lucerne part of?
Lucerne is part of the Logansport, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.