Caroga Lake, NY—12032
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Caroga Lake, NY
As of Oct '25, the median home price in Caroga Lake, NY is $232,000, with a year-over-year change of 3.3%. This indicates that home prices in Caroga Lake, NY are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $232,000 | 3.3% |
| Single Family | $232,000 | 4.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $192,000 | 1.1% |
3 Bed | $256,000 | 4.1% |
4 Bed | $312,000 | 7.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Caroga Lake, NY
Caroga Lake, NY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Caroga Lake, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Caroga Lake, NY is 69. This is a decrease of -41.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $342,000 | 24.0% |
Listing Count | 24 | 25.0% |
| Listings as % of Homes | 0.8% | 25.0% |
Days on Market | 69 | -41.0% |
Demographics — Caroga Lake, NY
As of the latest ACS Survey released in 2023, Caroga Lake, NY has a population of 710, which has decreased by -16.8% over the past 5 years. Caroga Lake, NY is a less popular place for families, as children make up 12.3% of the population. The area has a poorly educated workforce, with 17.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 710 | -16.8% |
% Under 18 | 12.3% | -22.6% |
% Seniors | 34.9% | 34.7% |
% WFH | 8.4% | -6.7% |
% w/ College Degree | 17.5% | -29.1% |
As of the latest ACS Survey released in 2023, Caroga Lake, NY is a predominantly white area, with 97.6% of the population identifying as white. The white population has grown by 13.9% in the last 5 years. The second most common race or ethnicity in Caroga Lake, NY is black, making up 0.4% of the population. Foreign-born residents account for 0.4% of the population in Caroga Lake, NY, and this percentage has decreased by 94.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 97.6% | 13.9% |
% Black | 0.4% | ∞% |
% Hispanic | 0.1% | ∞% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.4% | -94.1% |
Mortgage and Risk — Caroga Lake, NY
According to HUD data as of 2023, there were 37 mortgage originations in Caroga Lake, NY, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Caroga Lake, NY. Investor activity is low, as 3.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 37 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 3.0% |
% Second Loans | 27.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Caroga Lake, NY
Caroga Lake, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | N/A | N/A | $1,030 |
| 3 Bedroom | N/A | N/A | $1,250 |
| 4 Bedroom | N/A | N/A | $1,440 |
Affordability — Caroga Lake, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $232,000 |
| Median Household Income | $54,400 |