Home Values

Town of Lake George 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

$250,100

  • -0.3% 1-year change
  • -1.9% 1-year forecast

The median home value in Town of Lake George is $250,100. Town of Lake George home values have declined -0.3% over the past year and Zillow predicts they will fall -1.9% within the next year. The median price of homes currently listed in Town of Lake George is $275,000 while the median price of homes that sold is $200,000.

Foreclosures will be a factor impacting home values in the next several years. In Town of Lake George 4.5 homes are foreclosed (per 10,000). This is greater than the Glens Falls Metro value of 1.5 and also the same as the national value of 4.5

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 Town of Lake George is 14.6%, 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 Town of Lake George homeowners underwater on their mortgage is 8.4%, which is lower than Glens Falls Metro at 11.4%.

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Relative ZHVI
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Town of Lake George Market Overview

Data through Oct 31, 2014
  • $250,100 ZHVI
  • -1.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Oct 31, 2015)
  • $275,000 Median listing price
  • No recent data Median sale price
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Town of Lake George Market Health

Data through Oct 31, 2014
  • 2.2/10 Less 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
  • 8.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 14.6% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

4.5 homes Town of Lake George
1.5 homes Glens Falls Metro
4.5 homes United States
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Nearby Cities

Name Median ZHVI
Bolton $371,700
Queensbury $252,500
Glens Falls North $186,500
Name Median ZHVI
Lake Luzerne $178,100
Town of Warrensburg $146,000
South Glens Falls $145,000
Name Median ZHVI
West Glens Falls $143,400
Lake Luzerne-Hadley $141,400
Glens Falls $127,800

Listings & Sales

Data through Oct 31, 2014
  • $164 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 30.4% Listings with price cut
11.1%
Sold below listing
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Town of Lake George Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,923 Town of Lake George
    $1,706 Glens Falls Metro
    $1,337 United States

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

  • 2.4 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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