Foreclosure Homes in Lake Placid, NY 12946

Current Market Conditions in Lake Placid, NY

The Lake Placid real estate market has seen steady growth over the past few years, driven by an influx of vacation homebuyers and retirees looking for a tranquil lifestyle amidst nature. There is a diverse range of properties available, spanning from historic cabins to modern lakefront estates.

While the demand for homes remains strong, prices are generally more affordable compared to larger urban areas. Investors can find potential for rental income as Lake Placid attracts tourism throughout the year, especially during the winter and summer months.

Rent Prices In Lake Placid, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lake Placid, NY, is on a rollercoaster ride. The average rent price in Lake Placid, NY, is $1,905.00. Indeed, when looking to rent in Lake Placid, NY, you can expect to pay as little as $970.00 or as much as $3,920.00, with the average rent median estimated to be $1,850.00. The good news is that finding an affordable and desirable property to rent in Lake Placid, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.