Old Forge, NY—13420
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Old Forge, NY
As of Oct '25, the median home price in Old Forge, NY is $517,000, with a year-over-year change of 2.8%. This indicates that home prices in Old Forge, NY are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $517,000 | 2.8% |
| Single Family | $517,000 | 2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $340,000 | 3.3% |
3 Bed | $525,000 | 2.7% |
4 Bed | $798,000 | 1.8% |
| 5 Bed | $1,223,000 | 2.7% |
% of Housing Stock
Rental Trends — Old Forge, NY
Old Forge, 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 — Old Forge, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Old Forge, NY is 76. This is a increase of 4.0% 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 | $600,000 | 6.0% |
Listing Count | 31 | 10.0% |
| Listings as % of Homes | 0.5% | 10.0% |
Days on Market | 76 | 4.0% |
Demographics — Old Forge, NY
As of the latest ACS Survey released in 2023, Old Forge, NY has a population of 890, which has decreased by -4.6% over the past 5 years. Old Forge, NY is a less popular place for families, as children make up 5.2% of the population. The area has a highly educated workforce, with 62.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 41.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 890 | -4.6% |
% Under 18 | 5.2% | -14.8% |
% Seniors | 47.2% | 33.0% |
% WFH | 41.4% | 283.3% |
% w/ College Degree | 62.2% | 92.0% |
As of the latest ACS Survey released in 2023, Old Forge, NY is a predominantly white area, with 96.6% of the population identifying as white. The white population has grown by 17.9% in the last 5 years. The second most common race or ethnicity in Old Forge, NY is black, making up 2.8% of the population. Foreign-born residents account for 0.0% of the population in Old Forge, NY, and this percentage has decreased by 100.0% 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 | 96.6% | 17.9% |
% Black | 2.8% | -31.7% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Old Forge, NY
According to HUD data as of 2023, there were 75 mortgage originations in Old Forge, NY, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Old Forge, NY. Investor activity is low, as 0.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 75 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 0.0% |
% Second Loans | 57.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Old Forge, NY
Old Forge, 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 | 1.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | N/A | N/A | $1,050 |
| 3 Bedroom | N/A | N/A | $1,270 |
| 4 Bedroom | N/A | N/A | $1,500 |
Affordability — Old Forge, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $517,000 |
| Median Household Income | $108,000 |