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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Lucerne Valley, CA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lucerne Valley, CA Housing Market Trends

With a population of 5,331, 2,163 total housing units (homes and apartments), and a median house value of $287,882, Lucerne Valley real estate values are some of the lowest in California, although compared to real estate around the nation, Lucerne Valley homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Lucerne Valley, accounting for 82.38% of the town's housing units. Other types of housing that are prevalent in Lucerne Valley include mobile homes or trailers ( 15.47%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lucerne Valley. Owner-occupied housing accounts for 65.15% of Lucerne Valley's homes, and 50.23% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lucerne Valley built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lucerne Valley built between 1940-1969 ( 41.25%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.02%). There's also some housing in Lucerne Valley built before 1939 ( 3.36%).

Vacant housing appears to be an issue in Lucerne Valley. Fully 18.38% of the housing stock is classified as vacant. Left unchecked, vacant Lucerne Valley homes and apartments can be a drag on the real estate market, holding Lucerne Valley real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Lucerne Valley Home Appreciation Rates

In the last 10 years, Lucerne Valley has experienced some of the highest home appreciation rates of any community in the nation. Lucerne Valley real estate appreciated 140.58% over the last ten years, which is an average annual home appreciation rate of 9.18%, putting Lucerne Valley in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lucerne Valley definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Lucerne Valley's appreciation rate, at 7.18%, has been at or slightly above the national average. In the latest quarter, Lucerne Valley's appreciation rate has been 2.37%, which annualizes to a rate of 9.83%.

Relative to California, our data show that Lucerne Valley's latest annual appreciation rate is higher than 60% of the other cities and towns in California.

Average Home Values

Median Home Value

$287,882

Lucerne Valley, CA Home Prices
> $1,418,000
$1,064,001 - $1,418,000
$709,001 - $1,064,000
$567,001 - $709,000
$425,001 - $567,000
$284,001 - $425,000
$142,001 - $284,000
$71,001 - $142,000
$0 - $71,000
2.1%
2.1%
0.2%
0.2%
3.5%
3.5%
2.8%
2.8%
12.3%
12.3%
28.4%
28.4%
34.0%
34.0%
9.4%
9.4%
7.2%
7.2%
0% 100.0%
% of Homes
Very Low

for California

Average

for nation

Number of Homes And Apartments:

2,163

Lucerne Valley Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,821 / per month

Homeownership Rate

Owners
Renters
65.2%
65.2%
34.8%
34.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
18.4%
18.4%
81.6%
81.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
13.0%
13.0%
42.4%
42.4%
41.2%
41.2%
3.4%
3.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
82.4%
82.4%
0.0%
0.0%
0.0%
0.0%
0.7%
0.7%
15.5%
15.5%
1.4%
1.4%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.4%
4.4%
12.7%
12.7%
32.2%
32.2%
42.4%
42.4%
7.8%
7.8%
0.5%
0.5%
0% 100.0%
% of Homes

Popular Neighborhoods in Lucerne Valley

Popular Communities Near Lucerne Valley, CA

Zip Codes in Lucerne Valley, CA