Market Overview
Home Prices in Saranac Lake, NY
The median home value in Saranac Lake, NY is $341,001 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.4% compared to a year ago and up 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Saranac Lake are priced17% below average. Saranac Lake is part of the Malone, NY metro area.
Over the past five years, Saranac Lake home values have risen by approximately31.9%, reflecting strong long-term appreciation in this market.
Price History
Saranac Lake Home Price Trend
City Comparison
Saranac Lake vs. National Median
At $341,001, homes in Saranac Lake cost 17% below the national median of $410,000. This makes Saranac Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Saranac Lake?
20% Down Payment
$68,200
on $341,001
Monthly P&I
$1,778/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,258/mo
incl. taxes & insurance
Income Needed
$90,320
gross annual (30% rule)
10% Down Option
$34,100
+ PMI applies
Loan Amount (20% dn)
$272,801
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 Saranac Lake, NY?
The median home value in Saranac Lake is $341,001 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.4% year-over-year.
How much have home prices changed in Saranac Lake?
Over the past year, home values in Saranac Lake have increased by 5.4%. Over five years, prices have risen approximately 31.9%.
How much do I need to earn to buy a home in Saranac Lake?
To comfortably afford the median home price of $341,001 with a 20% down payment ($68,200) at today's rates (6.8%), you'd need a gross annual income of approximately $90,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Saranac Lake compare to the national average home price?
The national median home value is approximately $410,000. At $341,001, homes in Saranac Lake are 17% below the national average.
What metro area is Saranac Lake part of?
Saranac Lake is part of the Malone, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.