Lake Placid, NY is a great place to invest in housing. The median value of homes in Lake Placid is $327,600, which is slightly lower than the U.S. median value of $338,100. But what's more impressive than the price tag of housing in Lake Placid is the amount of appreciation that they have seen over the past year. With an 8.27% appreciation rate nationally, Lake Placid has outpaced that with a 12.09% increase! This makes it an ideal spot for people looking for a secure investment with great returns on their money.
The median home cost in Lake Placid is $327,600. Home appreciation the last 10 years has been 64.5%. Home Appreciation in Lake Placid is up 14.6%.
Average Age of Homes
- The median age of Lake Placid real estate is 48 years old
The Rental Market in Lake Placid
- Renters make up 40.5% of the Lake Placid population
- 0.0% of houses and apartments in Lake Placid, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.