Home Values

Lake Placid Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$184,100

  • -10.6% 1-year change
  • None 1-year forecast

The median home value in Lake Placid is $184,100. Lake Placid home values have declined -10.6% over the past year. The median list price per square foot in Lake Placid is $241, which is higher than the Essex County average of $120. The median price of homes currently listed in Lake Placid is $425,000 while the median price of homes that sold is $70,000.

Foreclosures will be a factor impacting home values in the next several years. In Lake Placid 1.9 homes are foreclosed (per 10,000). This is greater than the Essex County value of 0.6 and also lower than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Lake Placid is 4.0%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Lake Placid homeowners underwater on their mortgage is 6.1%, which is lower than Essex County at 12.1%.

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Relative ZHVI
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Lake Placid Market Overview

Data through Feb 28, 2015
  • $184,100 ZHVI
  • No data 1-yr forecast
  • $425,000 Median listing price
  • No recent data Median sale price
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Lake Placid Market Health

Data through Feb 28, 2015
  • No recent data
  • No data Average days on Zillow
  • 6.1% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 4.0% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Nearby Cities

Name Median ZHVI
Keene $200,900
North Elba $190,600
Harrietstown $183,800
Name Median ZHVI
Saranac Lake $116,800
Jay $113,500
 

Listings & Sales

Data through Feb 28, 2015
  • $241 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 5.4% Listings with price cut
27.3%
Sold below listing
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Lake Placid Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,690 Lake Placid
    $1,675 Essex County
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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