Market Overview
Home Prices in Lake Luzerne, NY
The median home value in Lake Luzerne, NY is $325,240 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.4% compared to a year ago and up 2.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lake Luzerne are priced21% below average. Lake Luzerne is part of the Glens Falls, NY metro area.
Over the past five years, Lake Luzerne home values have risen by approximately39.8%, reflecting strong long-term appreciation in this market.
Price History
Lake Luzerne Home Price Trend
City Comparison
Lake Luzerne vs. National Median
At $325,240, homes in Lake Luzerne cost 21% below the national median of $410,000. This makes Lake Luzerne a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lake Luzerne?
20% Down Payment
$65,048
on $325,240
Monthly P&I
$1,696/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,154/mo
incl. taxes & insurance
Income Needed
$86,160
gross annual (30% rule)
10% Down Option
$32,524
+ PMI applies
Loan Amount (20% dn)
$260,192
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 Lake Luzerne, NY?
The median home value in Lake Luzerne is $325,240 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.4% year-over-year.
How much have home prices changed in Lake Luzerne?
Over the past year, home values in Lake Luzerne have increased by 5.4%. Over five years, prices have risen approximately 39.8%.
How much do I need to earn to buy a home in Lake Luzerne?
To comfortably afford the median home price of $325,240 with a 20% down payment ($65,048) at today's rates (6.8%), you'd need a gross annual income of approximately $86,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Lake Luzerne compare to the national average home price?
The national median home value is approximately $410,000. At $325,240, homes in Lake Luzerne are 21% below the national average.
What metro area is Lake Luzerne part of?
Lake Luzerne is part of the Glens Falls, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.