Market Overview
Home Prices in Caroga Lake, NY
The median home value in Caroga Lake, NY is $262,239 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 13.7% compared to a year ago and up 0.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Caroga Lake are priced36% below average. Caroga Lake is part of the Gloversville, NY metro area.
Price History
Caroga Lake Home Price Trend
2024
$229,730
$230K
—
2025
$230,668
$231K
+0.4%
2026
$262,239
$262K
+13.7%
City Comparison
Caroga Lake vs. National Median
🏠 Caroga Lake
$262,239
National Median
$410,000
At $262,239, homes in Caroga Lake cost 36% below the national median of $410,000. This makes Caroga Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Caroga Lake?
20% Down Payment
$52,448
on $262,239
Monthly P&I
$1,368/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,737/mo
incl. taxes & insurance
Income Needed
$69,480
gross annual (30% rule)
10% Down Option
$26,224
+ PMI applies
Loan Amount (20% dn)
$209,791
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Caroga Lake, NY?
The median home value in Caroga Lake is $262,239 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 13.7% year-over-year.
How much have home prices changed in Caroga Lake?
Over the past year, home values in Caroga Lake have increased by 13.7%.
How much do I need to earn to buy a home in Caroga Lake?
To comfortably afford the median home price of $262,239 with a 20% down payment ($52,448) at today's rates (6.8%), you'd need a gross annual income of approximately $69,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Caroga Lake compare to the national average home price?
The national median home value is approximately $410,000. At $262,239, homes in Caroga Lake are 36% below the national average.
What metro area is Caroga Lake part of?
Caroga Lake is part of the Gloversville, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.