The typical owner-occupied home in Lucerne is worth about $75,300, 65% below the Indiana median of $218,200 and 77% below the national median of $332,700. Owners pay a median $409 a year in property taxes, about 0.54% of their home's value, lower than the Indiana rate of 0.74%. 85% of occupied homes here are lived in by their owners, and 42% of those owners still have a mortgage.
Lucerne at a glance
| Lucerne | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $75,300 | $218,200 | $332,700 |
| Median property tax paid per year | $409 | $1,614 | $3,119 |
| Property tax as a share of value | 0.54% | 0.74% | 0.94% |
| Median household income | – | $71,957 | $80,734 |
| Homes lived in by their owners | 85% | 71% | 65% |
| Owner homes with a mortgage | 42% | 64% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,404 | $1,963 |
| Median rent | – | $1,062 | $1,413 |
| Median year homes were built | 1938 | 1976 | 1980 |
| Vacant homes | 0.0% | 8.8% | 10.1% |
| Population | 141 | 6,851,073 | 334,922,499 |
How much equity Lucerne owners could borrow
Home equity is what your home is worth minus what you owe. Most lenders let you borrow until your loans add up to 80% to 85% of the home's value. For the median Lucerne home of $75,300, 80% is $60,240.
58% of Lucerne owners have no mortgage at all, so they could borrow up to the full 80% limit.
If you instead refinance and take cash out, the whole loan moves to the new rate (this week's 30-year average is 7.11%). A home equity loan or line of credit keeps your current first mortgage, which is usually better when your existing rate is lower than today's.
| Owe nothing | $60,240 to $64,005 |
|---|---|
| Owe $18,825 | $41,415 to $45,180 |
| Owe $37,650 | $22,590 to $26,355 |
| Owe $48,945 | $11,295 to $15,060 |
Before the lender's own limits, fees and your credit and income checks.
Change the numbers in the calculator
Questions about home equity loans in Lucerne
What is the median home value in Lucerne?
About $75,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lucerne?
Homeowners pay a median $409 a year, which is about 0.54% of the median home value. Your bill depends on your home's assessed value and local rates.
How much can I borrow against my home in Lucerne?
Usually up to 80% to 85% of your home's value, minus what you owe. On the median home of $75,300, an 80% limit is $60,240 before subtracting your mortgage.
More about Lucerne
- Mortgage Refinance in Lucerne
- Home Buying in Lucerne
- Debt Relief in Lucerne
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data