Saranac Lake: Housing & Real Estate
Housing in Saranac Lake centers on a median value of $199,900 (estimated market value runs 14% higher at $227,913), with median rent $853 (about the same as Franklin County median $843; 1.9× below New York median $1,621). Homeownership rate: 47.2%. That's 1.4× higher than the Franklin County median ($145,400); 2.1× below the New York median ($423,800). Market is warm. Vacancy rate 11.1%. New construction makes up 1.1% of stock. A municipal building code is in effect.
- 3.2× annual income — home value vs. household income (vs New York 9.7×).
- 19.5 years to break even renting at the median (vs New York 36y).
- 4-BR rent is 1.8× a studio — rent gradient by unit size.
- Median rent 28% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $199,900 — 0.3× the New York median ($777,600). Median rent $853/month. homeownership rate 47.2% — below the U.S. share of ~65%.
| Affordability · Price To Income Ratio | 3.2× |
|---|---|
| Affordability · Rent To Income Pct | 16.5% |
| Affordability · Affordable | Yes |
| Affordability · Interpretation | affordable |
| Fair Market Rent · Studio rent | $891 (vs New York $2,529) |
| Fair Market Rent · One-bedroom rent | $903 (vs New York $2,655) |
| Fair Market Rent · Two-bedroom rent | $1,185 (vs New York $2,910) |
| Fair Market Rent · Three-bedroom rent | $1,455 (vs New York $3,644) |
| Fair Market Rent · Four-bedroom rent | $1,645 (vs New York $3,959) |
| Fair Market Rent · HUD FMR area | Essex County, NY |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $227,913 |
| Median Home Value | $199,900 (vs New York $777,600) |
| Median Rent | $853 (vs New York $1,821) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 11.1% |
| Housing Market · New construction (% of stock) | 1.1% |
| Housing Market · Price Appreciation 2Yr | 5.8% |
| Housing Orgs · Total count | 2 |
Sources: IRS BMF NTEE L
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (2)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at New York median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at New York median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at New York median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 41.7% (vs New York 58.6%) |
| Broadband · Broadband-capable premises | 3,274 |
| Electricity · Electricity rate (¢/kWh) | 24.43¢/kWh |
| Electricity · Customers | 7420214 |
| Electricity · Revenue Millions | $12,424 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 1.000000000 (at New York median) |
| Mobile Broadband · 5G mobile coverage | 1.000000000 (at New York median) |
| Mobile Home Parks Detail · County total | 1 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Charging & Mobility
| Ev Charging · Stations | 17 |
|---|---|
| Ev Charging · Public Stations | 17 |
| Ev Charging · L2 Ports | 39 |
| Ev Charging · Dc Fast Ports | 16 |
Sources: DOE AFDC API
Other
| Homeownership Rate | 47.2% (vs New York 32.8%) |
|---|---|
| Median Year Built | 1938 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12