Zip 12983 (Saranac Lake, NY) Housing

The housing market in 12983 Saranac Lake, NY is thriving. The median value of homes in 12983 Saranac Lake is $296,400, which is much lower than the US median of $338,100. However, the 1 year house appreciation rate in 12983 Saranac Lake is 12.09%, which is higher than the US rate of 8.27%. This indicates that while home prices may be lower here than the US average, they are definitely on the rise and could provide a great investment opportunity for those looking to move into this area.

The median home cost in Saranac Lake (zip 12983) is $296,400. Home appreciation the last 10 years has been 64.5%. Home Appreciation in Saranac Lake (zip 12983) is up 14.6%.

Average Age of Homes

- The median age of Saranac Lake (zip 12983) real estate is 73 years old

The Rental Market in Saranac Lake (zip 12983)

- Renters make up 32.7% of the Saranac Lake (zip 12983) population
- 2.4% of houses and apartments in Saranac Lake (zip 12983), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Saranac Lake, New York	United States
	4,737.0	139,647,020.0
	77	42
	$296,400	$338,100
	14.6%	16.6%
	55.4%	57.0%
	64.5%	101.1%
	$21.77	$10.98
	$3,709	$2,690
	43.7%	57.4%
	29.9%	11.2%
	26.4%	31.4%
Vacant Housing
	2.4%	1.9%
	0.7%	0.4%
	0.4%	0.7%
	0.0%	0.4%
	22.6%	3.6%
	3.8%	4.1%
Value of Owner-Occupied Housing
	1.0%	2.6%
	1.7%	2.4%
	1.6%	2.8%
	8.4%	3.9%
	4.2%	4.5%
	19.5%	11.3%
	25.0%	13.0%
	19.4%	20.1%
	11.5%	13.6%
	2.2%	8.3%
	1.7%	9.7%
	1.6%	3.9%
	1.0%	2.2%
	1.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	7.3%	13.6%
	7.3%	13.6%
	6.0%	13.6%
	10.0%	13.2%
	9.7%	14.8%
	6.0%	13.6%
	5.3%	10.0%
	4.4%	4.7%
	48.3%	12.2%

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