Schroon Lake, NY—12870
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Schroon Lake, NY
Schroon Lake, NY lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $346,000 | 1.2% |
| Single Family | $346,000 | 0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $274,000 | 0.7% |
3 Bed | $382,000 | 1.1% |
4 Bed | $424,000 | 2.7% |
| 5 Bed | $738,000 | 3.1% |
% of Housing Stock
Rental Trends — Schroon Lake, NY
Schroon 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 — Schroon Lake, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Schroon Lake, NY is 80. This is a increase of 16.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $522,000 | 31.0% |
Listing Count | 24 | -5.0% |
| Listings as % of Homes | 0.5% | -5.0% |
Days on Market | 80 | 16.0% |
Demographics — Schroon Lake, NY
As of the latest ACS Survey released in 2023, Schroon Lake, NY has a population of 1,770, which has increased by 12.3% over the past 5 years. Schroon Lake, NY is a moderately popular place for families, as children make up 18.5% of the population. The area has a moderately educated workforce, with 38.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,770 | 12.3% |
% Under 18 | 18.5% | -32.7% |
% Seniors | 28.2% | 14.6% |
% WFH | 25.9% | 184.6% |
% w/ College Degree | 38.7% | -1.8% |
As of the latest ACS Survey released in 2023, Schroon Lake, NY is a predominantly white area, with 97.5% of the population identifying as white. The white population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Schroon Lake, NY is hispanic, making up 0.2% of the population. Foreign-born residents account for 2.9% of the population in Schroon Lake, NY, and this percentage has increased by 70.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 97.5% | -1.0% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.2% | 100.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 2.9% | 70.6% |
Mortgage and Risk — Schroon Lake, NY
According to HUD data as of 2023, there were 48 mortgage originations in Schroon Lake, NY, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Schroon Lake, NY. Investor activity is low, as 0.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 48 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 0.0% |
% Second Loans | 35.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Schroon Lake, NY
Schroon Lake, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 3.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $930 |
| 2 Bedroom | N/A | N/A | $1,190 |
| 3 Bedroom | N/A | N/A | $1,540 |
| 4 Bedroom | N/A | N/A | $1,730 |
Affordability — Schroon Lake, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $346,000 |
| Median Household Income | $65,300 |