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MI area data

Luzerne, MI

Luzerne, MI.

Population: 938 (Census ACS)

Home values & appreciation

Median home value
$128,700
1-year appreciation
+6.0%
3-year appreciation
+9.2%
5-year appreciation
+22.3%
10-year appreciation
+69.8%
All-time peak (2026-04)
$129,609
House Price Index
387.5 (+5.5% YoY)

Affordability

Cost of living index (Below Average)
92.0 (100 = US avg)
Electricity rate (state-level)
20.0¢/kWh
Natural gas rate (state-level)
$10.90/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Natural hazards & flood risk

Overall hazard risk
Very Low
Top hazards
lightning

Climate (30-year normals)

Average annual temperature
45.0°F
Average high
56.0°F
Average low
34.0°F
Annual precipitation
33.7 in
Annual snowfall
57.0 in

Amenities

Nearest airport
Oscoda County/Dennis Kauffman Memorial Airport (4 mi)
Nearest major airport
Alpena County Regional Airport (APN) (43 mi)
Hospitals nearby (~15 mi)
1,090
Avg hospital rating
3.1 / 5
Solar radiation rating
Fair (3.7 kWh/m²/day)

Migration

Net migration
+71 tax filers

Housing stock

Median year housing built
1,968
Median annual property tax
$1,264
Households with broadband internet
71.5%

Employment & development

Total county employment
1,100
Average weekly wage
$734
Top industries (by employment)
Construction, Administrative Services, Other Services
Annual residential building permits (county)
29

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents