Market Overview
Home Prices in Lake Placid, NY
The median home value in Lake Placid, NY is $420,744 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.7% compared to a year ago and down 19.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lake Placid are priced3% above average.
Over the past five years, Lake Placid home values have fallen by approximately1.2%, reflecting softening conditions in this market.
Price History
Lake Placid Home Price Trend
2020
$375,249
$375K
—
2021
$425,767
$426K
+13.5%
2022
$529,852
$530K
+24.4%
2023
$528,879
$529K
-0.2%
2024
$510,428
$510K
-3.5%
2025
$409,824
$410K
-19.7%
2026
$420,744
$421K
+2.7%
City Comparison
Lake Placid vs. National Median
🏠 Lake Placid
$420,744
National Median
$410,000
At $420,744, homes in Lake Placid cost 3% above the national median of $410,000. Buyers in Lake Placid should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Lake Placid?
20% Down Payment
$84,149
on $420,744
Monthly P&I
$2,194/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,786/mo
incl. taxes & insurance
Income Needed
$111,440
gross annual (30% rule)
10% Down Option
$42,074
+ PMI applies
Loan Amount (20% dn)
$336,595
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 Placid, NY?
The median home value in Lake Placid is $420,744 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.7% year-over-year.
How much have home prices changed in Lake Placid?
Over the past year, home values in Lake Placid have increased by 2.7%. Over five years, prices have fallen approximately 1.2%.
How much do I need to earn to buy a home in Lake Placid?
To comfortably afford the median home price of $420,744 with a 20% down payment ($84,149) at today's rates (6.8%), you'd need a gross annual income of approximately $111,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Lake Placid compare to the national average home price?
The national median home value is approximately $410,000. At $420,744, homes in Lake Placid are 3% above the national average.