Market Overview
Home Prices in Lake George, NY
The median home value in Lake George, NY is $567,752 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7% compared to a year ago and down 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lake George are priced38% above average. Lake George is part of the Glens Falls, NY metro area.
Over the past five years, Lake George home values have risen by approximately40.0%, reflecting strong long-term appreciation in this market.
Price History
Lake George Home Price Trend
City Comparison
Lake George vs. National Median
At $567,752, homes in Lake George cost 38% above the national median of $410,000. Buyers in Lake George should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Lake George?
20% Down Payment
$113,550
on $567,752
Monthly P&I
$2,961/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,760/mo
incl. taxes & insurance
Income Needed
$150,400
gross annual (30% rule)
10% Down Option
$56,775
+ PMI applies
Loan Amount (20% dn)
$454,202
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 Lake George, NY?
The median home value in Lake George is $567,752 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7% year-over-year.
How much have home prices changed in Lake George?
Over the past year, home values in Lake George have increased by 7%. Over five years, prices have risen approximately 40.0%.
How much do I need to earn to buy a home in Lake George?
To comfortably afford the median home price of $567,752 with a 20% down payment ($113,550) at today's rates (6.8%), you'd need a gross annual income of approximately $150,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Lake George compare to the national average home price?
The national median home value is approximately $410,000. At $567,752, homes in Lake George are 38% above the national average.
What metro area is Lake George part of?
Lake George is part of the Glens Falls, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.