Total monthly cost of ownership
Cost to Own a Home in Lake Luzerne, New York
A $198,000 home here costs
$1,797per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,018. The real number is $779 higher every month — 77% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Lake Luzerne against Warren County and New York
| Measure | Lake Luzerne | Warren County |
|---|---|---|
| Median home value | $198,300 | $247,600 |
| Median property tax | $2,808 | $3,789 |
| Effective tax rate | 1.416% | 1.530% |
| Median gross rent | — | $1,089 |
| Population | 1,171 | 65,560 |
The weather behind that power bill
Lake Luzerne sits in Warren County, which averages a high of 81.5°F in its hottest month and a low of 9.7°F in its coldest, with 38.21" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 407 cooling and 7,409 heating degree days, which is what sets the $269 electricity line above.
See the full climate breakdown for Warren County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Warren County
Full Warren County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in Lake Luzerne?
A $198,000 home in Lake Luzerne, New York costs approximately $1,797 per month with 20% down at 6.66%. That is $1,018 principal and interest, $234 property tax, $44 homeowners insurance, $337 utilities and $165 set aside for maintenance.
What is the property tax rate in Lake Luzerne?
Lake Luzerne has an effective property tax rate of 1.416%, based on a median home value of $198,300 and median real estate taxes of $2,808. That is lower than the Warren County average of 1.530%.
What is the average home price in Lake Luzerne?
The median owner-occupied home value in Lake Luzerne, New York is $198,300, against $247,600 across Warren County.
Is it cheaper to rent or buy in Lake Luzerne?
Rent data is not published for Lake Luzerne at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lake Luzerne — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for New York.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.