Saranac, NY—12981
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Saranac, NY
As of Oct '25, the median home price in Saranac, NY is $185,000, with a year-over-year change of -1.3%. This indicates that home prices in Saranac, NY are decreasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $185,000 | -1.3% |
| Single Family | $185,000 | -1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $165,000 | -0.6% |
3 Bed | $200,000 | -2.0% |
4 Bed | $202,000 | -0.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Saranac, NY
Saranac, NY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,100 | $1,100 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Saranac, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Saranac, NY is 202. This is a increase of 47.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $202,000 | 3.0% |
Listing Count | 6 | -39.0% |
| Listings as % of Homes | 0.3% | -39.0% |
Days on Market | 202 | 47.0% |
Demographics — Saranac, NY
As of the latest ACS Survey released in 2023, Saranac, NY has a population of 2,230, which has decreased by -3.0% over the past 5 years. Saranac, NY is a popular place for families, as children make up 28.3% of the population. The area has a poorly educated workforce, with 20.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,230 | -3.0% |
% Under 18 | 28.3% | 72.6% |
% Seniors | 18.1% | 63.1% |
% WFH | 4.1% | ∞% |
% w/ College Degree | 20.6% | 28.0% |
As of the latest ACS Survey released in 2023, Saranac, NY is a predominantly white area, with 98.1% of the population identifying as white. The white population has remained stable in the last 5 years. The second most common race or ethnicity in Saranac, NY is hispanic, making up 0.9% of the population. Foreign-born residents account for 1.0% of the population in Saranac, NY, and this percentage has decreased by 50.0% 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 | 98.1% | 0.0% |
% Black | 0.0% | N/A |
% Hispanic | 0.9% | 0.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.0% | -50.0% |
Mortgage and Risk — Saranac, NY
According to HUD data as of 2023, there were 62 mortgage originations in Saranac, NY, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Saranac, NY. Investor activity is low, as 0.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 62 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 0.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Saranac, NY
Saranac, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 15 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $890 |
| 2 Bedroom | $20 | $1,100 | $1,120 |
| 3 Bedroom | N/A | N/A | $1,350 |
| 4 Bedroom | N/A | N/A | $1,480 |
Affordability — Saranac, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $185,000 |
| Median Household Income | $73,300 |