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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Lake Placid, NY Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lake Placid, NY Housing Market Trends

With a population of 2,227, 1,307 total housing units (homes and apartments), and a median house value of $625,702, real estate costs in Lake Placid are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.

Single-family detached homes are the single most common housing type in Lake Placid, accounting for 49.70% of the village's housing units. Other types of housing that are prevalent in Lake Placid include large apartment complexes or high rise apartments ( 25.54%), duplexes, homes converted to apartments or other small apartment buildings ( 20.10%), and a few row houses and other attached homes ( 4.66%).

People in Lake Placid primarily live in small (one, two or no bedroom) single-family detached homes. Lake Placid has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Lake Placid built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lake Placid built before 1939 ( 24.67%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.72%). There's also some housing in Lake Placid built between 2000 and later ( 15.49%).

A decent proportion of the Lake Placid housing stock is seasonally occupied. That is, homes and condos in Lake Placid are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Lake Placid housing market speaks to its popularity as a vacation location of choice.

Lake Placid Home Appreciation Rates

Appreciation rates for homes in Lake Placid have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 102.96%, which ranks in the top 40% nationwide. This equates to an annual average Lake Placid house appreciation rate of 7.33%.

NeighborhoodScout's data show that during the latest twelve months, Lake Placid's appreciation rate, at 5.45%, has been at or slightly above the national average. In the latest quarter, Lake Placid's appreciation rate has been -2.87%, which annualizes to a rate of -11.00%.

Notably, Lake Placid's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New York, our data show that Lake Placid's latest annual appreciation rate is lower than 60% of the other cities and towns in New York.

Average Home Values

Median Home Value

$625,702

Lake Placid, NY Home Prices
> $1,587,000
$1,190,001 - $1,587,000
$794,001 - $1,190,000
$634,001 - $794,000
$476,001 - $634,000
$318,001 - $476,000
$158,001 - $318,000
$80,001 - $158,000
$0 - $80,000
8.9%
8.9%
3.7%
3.7%
11.0%
11.0%
30.3%
30.3%
17.5%
17.5%
20.1%
20.1%
5.6%
5.6%
1.3%
1.3%
1.7%
1.7%
0% 100.0%
% of Homes
High

for New york

Very High

for nation

Number of Homes And Apartments:

1,307

Lake Placid Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,069 / per month

Homeownership Rate

Owners
Renters
54.7%
54.7%
45.3%
45.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
39.7%
39.7%
60.3%
60.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.5%
15.5%
41.1%
41.1%
18.7%
18.7%
24.7%
24.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
49.7%
49.7%
4.7%
4.7%
20.1%
20.1%
25.5%
25.5%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.6%
4.6%
16.1%
16.1%
30.5%
30.5%
24.5%
24.5%
13.0%
13.0%
11.3%
11.3%
0% 100.0%
% of Homes

Popular Neighborhoods in Lake Placid

Popular Communities Near Lake Placid, NY

Zip Codes in Lake Placid, NY