Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lake Placid area can be challenging. Home prices in Lake Placid are now at a median cost of $368,178, lower than the New York average of $481,023.
The average cost of rent is $795/mo in Lake Placid, primarily driven by the current value of real estate in the Lake Placid area. While nearly 50.88% of residents own their homes outright in Lake Placid, 35.02% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake Placid is $6,881 per month. Households that rent pay about 11.55% of their income on rent here. Lake Placid's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Whiteface, NY: equally priced homes
- North Pole, NY: higher priced homes
- Ray Brook, NY: equally priced homes
- Saranac Lake, NY: less expensive homes
- Keene, NY: less expensive homes
- Bloomingdale, NY: less expensive homes
- Franklin Falls, NY: less expensive homes
- Upper Jay, NY: less expensive homes
- Wilmington, NY: less expensive homes
- Keene Valley, NY: less expensive homes
Cities with Similar Populations
- Waldron, AR: less expensive homes
- Warsaw, VA: less expensive homes
- North Berwick, ME: less expensive homes
- Nocona, TX: less expensive homes
- Norlina, NC: less expensive homes
- Duquesne, PA: less expensive homes
- Lakewood, NY: less expensive homes
- Lakewood, IL: equally priced homes
- Salton City, CA: less expensive homes
- Eagar, AZ: less expensive homes
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