Foreclosure Homes in Luzerne, PA

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$112,030 EMV

Bennett St
Luzerne, PA 18709

$138,295 EMV

Miller St
Luzerne, PA 18709

$210,630 EMV

Anthracite St
Exeter, PA 18709


Corby Rd
Luzerne, PA 18709

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Home Value Estimator For Luzerne, PA

There are currently 562 real estate properties in Luzerne, PA, with a median automated valuation model (AVM) price of $116,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Luzerne, PA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Luzerne, PA, is $118,321.00, with the most expensive house in Luzerne, PA, topping out at $382,000.00 and the cheapest home in Luzerne, PA, clocking in at $49,400.00. In other words, there’s something for every potential homebuyer or savvy investor in Luzerne, PA!

Rent Prices In Luzerne, PA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Luzerne, PA, is on a rollercoaster ride. The average rent price in Luzerne, PA, is $863.00. Indeed, when looking to rent in Luzerne, PA, you can expect to pay as little as $540.00 or as much as $1,300.00, with the average rent median estimated to be $860.00. The good news is that finding an affordable and desirable property to rent in Luzerne, PA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Foreclosure Homes in Luzerne, PA

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Luzerne, PA area at Get information on foreclosure homes for rent, how to buy foreclosures in Luzerne, PA and much more. Save thousands at closing with home foreclosure listings in Luzerne, PA — up to 75% off market value!

Top Reasons To Live In Luzerne, PA In 2021

Luzerne is located in Fayette, Pennsylvania, with an estimated municipal population of 5,909 residents. All of the best foreclosed homes for sale in Luzerne are located in the following zip code areas on 15475 15444 15463 15433 15447 15417 15410 15413 15450. The estimated population per square kilometer (.62 miles) in Luzerne is 77.

Cost Of Living In Luzerne, PA

So, about how much do homes cost in Luzerne? The most recent median value of resident-owned homes in Luzerne is 88,580. An estimated 88.1 percent of households in Luzerne own their homes, with an average family size of 2.89. The median household income in Luzerne is 52,326, with27.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Luzerne, the median commute time of resident workers (in minutes) is 29.

Diversity And Demographics In Luzerne, Pennsylvania

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Luzerne, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Luzerne is 44.3, split between 68.4 percent male versus 31.6 female. The percentage of residents who report being married in Luzerne is 34, with an average family size of 2.89.

The percentage of residents who report their race in Luzerne is as follows:

White 76.8%
Black / African American 19.4%
Asian 0.3%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.8%
Other 0.7%

Looking for family-friendly neighborhoods in and/or near Luzerne? Or maybe you are searching for 55+ active adult communities in and/or near Luzerne?

The percentage of residents who report their age in Luzerne is as follows:

Under 10 4.1%
Aged 10-19 8.9%
20s 17.8%
30s 13.6%
40s 13.5%
50s 17.9%
60s 12.8%
70s 8.4%
80+ 3%

Best Schools In Luzerne, Pennsylvania

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Luzerne with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Luzerne.

Pros And Cons Of Living In Luzerne, Pennsylvania

How do you know that living in -- or moving to -- Luzerne is right where you need to be? Perhaps you grew up in Luzerne or already live nearby; therefore, the decision to buy a home in Luzerne is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Luzerne for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Luzerne:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Luzerne.

Reasons To Move To Luzerne, Pennsylvania, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Luzerne can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Luzerne, meanwhile, can field multiple offers from more qualified buyers.


Listing types in Luzerne, PA

These money-making opportunities can deliver huge savings on your next purchase.

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