Saranac Lake, NY 12983 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Saranac Lake, NY—12983

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$330,000

1.2% YoY Growth

Household Income

$64,600

18.6% YoY Growth

Days on Market

152

19.0% Longer YoY

Home Price Forecast

1.2%

Median Rent

$3,750

121.0% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Saranac Lake, NY

As of Dec '25, the median home price in Saranac Lake, NY is $330,000, with a year-over-year change of -1.2%. This indicates that home prices in Saranac Lake, 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	$330,000	-1.2%
Single Family	$330,000	-0.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Saranac Lake, NY

As of July '25, Rentcast reports the average rent in Saranac Lake, NY is $3,050, with a year-over-year rent change of 121.0%. Per bedroom, the median rent as of July '25 in Saranac Lake, NY is studios: $945, 4-bedrooms: $3,750. The most common rental property sizes in Saranac Lake, NY are 1-bedroom and 2-bedroom, accounting for 44.3% and 31.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$3,750	$3,050
Studio Rent	$945	$945
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	$3,750	$3,750

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% of Rental Stock

Studio

10.4%

1 Bedroom

44.3%

2 Bedrooms

31.1%

3 Bedrooms

9.3%

4 Bedrooms

4.0%

5+ Bedrooms

0.9%

Property Listings — Saranac Lake, NY

As of Dec '25, Realtor.com reports that the median days on market for a home in Saranac Lake, NY is 117. This is a decrease of -7.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$489,000	-21.0%
Listing Count	33	2.0%
Listings as % of Homes	0.6%	2.0%
Days on Market	152	19.0%

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Demographics — Saranac Lake, NY

As of the latest ACS Survey released in 2023, Saranac Lake, NY has a population of 7,410, which has remained stable by 0.5% over the past 5 years. Saranac Lake, NY is a moderately popular place for families, as children make up 16.5% of the population. The area has a moderately educated workforce, with 42.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	7,410	0.5%
% Under 18	16.5%	-10.8%
% Seniors	23.5%	18.7%
% WFH	6.9%	38.0%
% w/ College Degree	42.6%	12.4%

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As of the latest ACS Survey released in 2023, Saranac Lake, NY is a predominantly white area, with 92.5% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Saranac Lake, NY is hispanic, making up 2.5% of the population. Foreign-born residents account for 1.2% of the population in Saranac Lake, NY, and this percentage has decreased by 42.9% 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	92.5%	-1.2%
% Black	2.0%	-35.5%
% Hispanic	2.5%	78.6%
% Asian	0.4%	300.0%
% Foreign Born	1.2%	-42.9%

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Mortgage and Risk — Saranac Lake, NY

According to HUD data as of 2023, there were 91 mortgage originations in Saranac Lake, NY, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Saranac Lake, NY. Investor activity is low, as 2.0% 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	91
% Conventional Loans	96.0%
% Government Loans	4.0%
% Investor Loans	2.0%
% Second Loans	11.0%
% Cash Out Refinance	4.0%

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Rentals and Section 8 — Saranac Lake, NY

Saranac Lake, NY lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	289
Total Units Section 8	176
% Rentals under Section 8	N/A
% Occupied Section 8	86.7%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$830
2 Bedroom	N/A	N/A	$1,000
3 Bedroom	N/A	N/A	$1,280
4 Bedroom	-$2,280	$3,750	$1,470

Saranac Lake, NY—12983

Key Metrics at a Glance

Home Price Trends — Saranac Lake, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Saranac Lake, NY

% of Rental Stock

Property Listings — Saranac Lake, NY

Demographics — Saranac Lake, NY

Race and Ethnicity

Mortgage and Risk — Saranac Lake, NY

Mortgages

Rentals and Section 8 — Saranac Lake, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Saranac Lake, NY

Home Price to Income Ratio

Saranac Lake, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Bloomingdale, NY

Gabriels

Lake Clear, NY

Vermontville, NY

Rainbow Lake

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.8
Median Home Price	$330,000
Median Household Income	$64,600

Saranac Lake, NY—12983

Key Metrics at a Glance

Home Price Trends — Saranac Lake, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Saranac Lake, NY

% of Rental Stock

Property Listings — Saranac Lake, NY

Demographics — Saranac Lake, NY

Race and Ethnicity

Mortgage and Risk — Saranac Lake, NY

Mortgages

Rentals and Section 8 — Saranac Lake, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Saranac Lake, NY

Home Price to Income Ratio

Saranac Lake, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Bloomingdale, NY

Gabriels

Lake Clear, NY

Vermontville, NY

Rainbow Lake

Frequently Asked Questions

What is the average home price in Saranac Lake, NY 12983?

How have home prices in Saranac Lake, NY 12983 changed over the past year?

What is the home price projection for Saranac Lake, NY 12983?

What are the demographics of Saranac Lake, NY 12983?

How long does it take homes to sell in Saranac Lake, NY 12983?

What is the average rent price in Saranac Lake, NY 12983?