Market Overview
Home Prices in Cranberry Lake, NY
The median home value in Cranberry Lake, NY is $254,838 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.8% compared to a year ago and up 6.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cranberry Lake are priced38% below average. Cranberry Lake is part of the Ogdensburg-Massena, NY metro area.
Over the past five years, Cranberry Lake home values have risen by approximately45.9%, reflecting strong long-term appreciation in this market.
Price History
Cranberry Lake Home Price Trend
City Comparison
Cranberry Lake vs. National Median
At $254,838, homes in Cranberry Lake cost 38% below the national median of $410,000. This makes Cranberry Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cranberry Lake?
20% Down Payment
$50,968
on $254,838
Monthly P&I
$1,329/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,688/mo
incl. taxes & insurance
Income Needed
$67,520
gross annual (30% rule)
10% Down Option
$25,484
+ PMI applies
Loan Amount (20% dn)
$203,870
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 Cranberry Lake, NY?
The median home value in Cranberry Lake is $254,838 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.8% year-over-year.
How much have home prices changed in Cranberry Lake?
Over the past year, home values in Cranberry Lake have increased by 11.8%. Over five years, prices have risen approximately 45.9%.
How much do I need to earn to buy a home in Cranberry Lake?
To comfortably afford the median home price of $254,838 with a 20% down payment ($50,968) at today's rates (6.8%), you'd need a gross annual income of approximately $67,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Cranberry Lake compare to the national average home price?
The national median home value is approximately $410,000. At $254,838, homes in Cranberry Lake are 38% below the national average.
What metro area is Cranberry Lake part of?
Cranberry Lake is part of the Ogdensburg-Massena, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.