Home Values

Saranac Lake 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

$127,300

  • 3.6% 1-year change
  • None 1-year forecast

The median home value in Saranac Lake is $127,300. Saranac Lake home values have gone up 3.6% over the past year. The median list price per square foot in Saranac Lake is $96, which is higher than the Malone Metro average of $86. The median price of homes currently listed in Saranac Lake is $139,000 while the median price of homes that sold is $267,500.

Foreclosures will be a factor impacting home values in the next several years. In Saranac Lake 6.8 homes are foreclosed (per 10,000). This is greater than the national value of 4.3

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 Saranac Lake is 7.4%, which is higher than the national value of 6.9%. 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 Saranac Lake homeowners underwater on their mortgage is 9.8%.

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Relative ZHVI
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Saranac Lake Market Overview

Data through Aug 31, 2014
  • $127,300 ZHVI
  • No data 1-yr forecast
  • $139,000 Median listing price
  • No recent data Median sale price
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Saranac Lake Market Health

Data through Aug 31, 2014
  • 6.4/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 9.8% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 7.4% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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US Metro Areas

Name Median ZHVI
Los Angeles Metro $532,600
New York Metro $378,200
Washington Metro $358,000
Name Median ZHVI
Miami-Fort Lauderdale Metro $203,800
Philadelphia Metro $199,100
Chicago Metro $185,800
Name Median ZHVI
Atlanta Metro $150,700
Houston Metro $150,000
Dallas-Fort Worth Metro $147,000

Listings & Sales

Data through Aug 31, 2014
  • $96 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 42.6% Listings with price cut
25.0%
Sold below listing
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Saranac Lake Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,510 Saranac Lake
    $1,448 Malone Metro
    $1,328 United States

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

  • 1.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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