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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Lake Luzerne, NY Housing Affordability Index

Lake Luzerne, New York has an MBR Housing Affordability Index score of 77.4 (Moderately Less Affordable) as of October 30, 2026, ranking 801st most affordable of 922 scored New York cities, compared with 80.2 statewide and 97.4 nationally. On a median-priced $229,600 home with 20% down, the New York average 30-year fixed rate of 7.27% means a monthly principal and interest payment of about $1,255, or 52% of the city’s $29,167 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Lake Luzerne is updated every night from live New York mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Lake Luzerne MBR-HAI 77.4 Moderately Less Affordable
Rank in New York 801 of 922 1 = most affordable
New York 80.2 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.27% New York lenders
Median home value $229,600 U.S. Census Bureau

Lake Luzerne is 2.7 points below the New York score. Scores as of October 30, 2026. See the New York index

View Lake Luzerne Mortgage Rates

See What You Can Afford in Lake Luzerne, New York

Use this Lake Luzerne, New York home affordability calculator to see how much house you can afford at today’s New York average 30-year mortgage rate of 7.27%. A household earning the Lake Luzerne median income of $29,167, with no other debts and $46,000 down, can afford a home of about $118,194, compared with a median home value of $229,600. Buying the median priced home with 20% down takes a household income of about $69,400 once property tax and insurance are counted.

Lake Luzerne median (Census)
Car, student loan, card minimums
Under 20% adds PMI
New York average, 30-year fixed
Lake Luzerne median bill (Census)
Estimate; use your quote
You can afford a home up to
$118,194
Below the Lake Luzerne median home value of $229,600
Loan amount$72,194
Principal & interest$493/mo
Property tax$138/mo
Home insurance$49/mo
PMI$0/mo
Total monthly payment$681/mo
Compare Lake Luzerne Mortgage Rates

How much house can you afford in Lake Luzerne?

Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.

In Lake Luzerne, property taxes run about 1.40% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $1,433 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.

What It Takes to Buy in Lake Luzerne

$1,255/mo
Principal & Interest
Median home, 20% down, 7.27%
$53,800
Income Needed
To keep principal and interest at 28% of income
$29,167
Median Household Income
New York: $85,974
7.9x
Price-to-Income Ratio
New York: 4.9x
$780/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$3,208/yr
Median Property Tax
1.40% of median value
38.8%
Owner Cost Burden
Owners spending 30%+ of income on housing
16.5%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Lake Luzerne, New York. The rate is the New York average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Lake Luzerne Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Lake Luzerne, New York score: 77.4 (Moderately Less Affordable), ranked 801 of 922 New York cities. monitorbankrates.com/housing-affordability-index/new-york/lake-luzerne”