Lake George, NY—12845
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lake George, NY
As of Oct '25, the median home price in Lake George, NY is $512,000, with a year-over-year change of -0.7%. This indicates that home prices in Lake George, NY are flat. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $512,000 | -0.7% |
| Single Family | $514,000 | -0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $386,000 | -1.8% |
3 Bed | $504,000 | -0.4% |
4 Bed | $670,000 | -1.0% |
| 5 Bed | $1,269,000 | 0.7% |
% of Housing Stock
Rental Trends — Lake George, NY
As of July '25, Rentcast reports the average rent in Lake George, NY is $1,380, with a year-over-year rent change of -15.3%. Per bedroom, the median rent as of July '25 in Lake George, NY is 1-bedrooms: $1,110, 2-bedrooms: $1,730. The most common rental property sizes in Lake George, NY are 2-bedroom and 3-bedroom, accounting for 52.6% and 30.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,380 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,090 | $1,110 |
| 2 Bed Rent | $1,500 | $1,730 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lake George, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Lake George, NY is 109. This is a increase of 49.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 3.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $656,000 | -10.0% |
Listing Count | 75 | 9.0% |
| Listings as % of Homes | 1.6% | 9.0% |
Days on Market | 109 | 49.0% |
Demographics — Lake George, NY
As of the latest ACS Survey released in 2023, Lake George, NY has a population of 4,390, which has decreased by -5.6% over the past 5 years. Lake George, NY is a less popular place for families, as children make up 14.1% of the population. The area has a moderately educated workforce, with 37.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,390 | -5.6% |
% Under 18 | 14.1% | -11.3% |
% Seniors | 30.6% | 10.5% |
% WFH | 8.9% | 74.5% |
% w/ College Degree | 37.1% | 16.3% |
As of the latest ACS Survey released in 2023, Lake George, NY is a predominantly white area, with 92.0% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Lake George, NY is hispanic, making up 4.6% of the population. Foreign-born residents account for 2.1% of the population in Lake George, NY, and this percentage has decreased by 36.4% 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 | 92.0% | -2.9% |
% Black | 1.3% | 8.3% |
% Hispanic | 4.6% | 91.7% |
% Asian | 0.5% | -50.0% |
% Foreign Born | 2.1% | -36.4% |
Mortgage and Risk — Lake George, NY
According to HUD data as of 2023, there were 66 mortgage originations in Lake George, NY, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Lake George, NY. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 66 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 0.0% |
% Second Loans | 29.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Lake George, NY
Lake George, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 12 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | 3.4% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $1,090 | $1,130 |
| 2 Bedroom | -$80 | $1,500 | $1,420 |
| 3 Bedroom | N/A | N/A | $1,840 |
| 4 Bedroom | N/A | N/A | $1,880 |
Affordability — Lake George, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $512,000 |
| Median Household Income | $95,600 |