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These days, finding an affordable place to live in the Lake George area can be challenging. Home prices in Lake George are now at a median cost of $338,348, lower than the New York average of $610,895.
The average cost of rent is $1,134/mo in Lake George, primarily driven by the current value of real estate in the Lake George area. In Lake George, 24.28% of households rent, and 42.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake George is $8,368 per month. Households that rent pay about 13.55% of their income on rent here. Lake George’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lake Sunnyside, NY: equally priced homes
- Kattskill Bay, NY: less expensive homes
- Lake Vanare, NY: less expensive homes
- Queensbury, NY: equally priced homes
- Glens Falls North, NY: equally priced homes
- Diamond Point, NY: higher priced homes
- West Fort Ann, NY: less expensive homes
- Warrensburg, NY: less expensive homes
- Vaughns Corners, NY: less expensive homes
- Glens Falls, NY: less expensive homes
Cities with Similar Populations
- Stowe, VT: higher priced homes
- Spring Lake Heights, NJ: higher priced homes
- Spirit Lake, ID: higher priced homes
- Spicer, MN: equally priced homes
- Sperry, OK: less expensive homes
- Southport, CT: higher priced homes
- Smithton, IL: less expensive homes
- South Shore, KY: less expensive homes
- South Sanford, ME: less expensive homes
- Swanzey, NH: less expensive homes
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