Total monthly cost of ownership
Cost to Own a Home in Lake Luzerne, New York
A $198,000 home here costs
$1,753per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $75,000 a year.
A standard mortgage calculator would have told you $1,079. The real number is $674 higher every month, 62% more than the payment most buyers budget for.
Compare Warren County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Lake Luzerne from a five-year rolling sample, and with about 1,171 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Warren County figures are drawn from a far larger sample if you want a steadier number.
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 $164 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
Talk to someone who works this market
These are Lake Luzerne averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Lake Luzerne every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lake Luzerne I already own here and may sell
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 $1,753 per month with 20% down at 7.24%. That is $1,079 principal and interest, $234 property tax, $44 homeowners insurance, $232 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.
What salary do you need to buy a home in Lake Luzerne?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lake Luzerne, New York at today's rate takes a household income of roughly $75,000 a year. That covers the full $1,753 monthly cost, not just the mortgage payment.
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.