Saranac Lake, NY is known for its beautiful scenery and thriving economy. The current median value of housing in Saranac Lake is $273,700, which is significantly lower than the US House median value of $338,100. Despite the lower house values in Saranac Lake, it still has impressive house appreciation rates at 12.09%, which is higher than the US 1 year House Appreciation rate of 8.27%. This indicates that Saranac Lake can offer a great investment opportunity to those looking to buy property in a desirable location.
The median home cost in Saranac Lake is $273,700. Home appreciation the last 10 years has been 64.5%. Home Appreciation in Saranac Lake is up 14.6%.
Average Age of Homes
- The median age of Saranac Lake real estate is 78 years old
The Rental Market in Saranac Lake
- Renters make up 42.7% of the Saranac Lake population
- 3.4% of houses and apartments in Saranac Lake, 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.