Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Saranac Lake area can be challenging. Home prices in Saranac Lake are now at a median cost of $185,815, lower than the New York average of $481,023.
The average cost of rent is $841/mo in Saranac Lake, primarily driven by the current value of real estate in the Saranac Lake area. While nearly 34.21% of residents own their homes outright in Saranac Lake, 37.90% rent.
Housing affordability isn’t just about home prices, though. The average household income in Saranac Lake is $5,192 per month. Households that rent pay about 16.20% of their income on rent here. Saranac Lake's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Ray Brook, NY: higher priced homes
- Lake Clear, NY: less expensive homes
- Whiteface, NY: higher priced homes
- Bloomingdale, NY: equally priced homes
- Gabriels, NY: equally priced homes
- Lake Placid, NY: higher priced homes
- Upper St. Regis, NY: equally priced homes
- Saranac Inn, NY: higher priced homes
- Paul Smiths, NY: higher priced homes
- Franklin Falls, NY: equally priced homes
Cities with Similar Populations
- Rockport, MA: higher priced homes
- Roslyn Heights, NY: higher priced homes
- Roseland, NJ: higher priced homes
- Rootstown, OH: equally priced homes
- Ronan, MT: higher priced homes
- Roland, OK: less expensive homes
- Rogue River, OR: higher priced homes
- Rogersville, AL: equally priced homes
- Roeland Park, KS: higher priced homes
- Rockvale, TN: higher priced homes
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