Median real estate price in the Village Center of Saranac Lake is $138,583, which is less expensive than 79.2% of New York neighborhoods and 66.7% of all U.S. neighborhoods.
The average rental price in Saranac Lake Village Center is currently $960, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 78.0% of New York neighborhoods.
Saranac Lake Village Center is a suburban neighborhood (based on population density) located in Saranac Lake, New York.
Real estate in the Village Center of Saranac Lake, NY is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Village Center neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Saranac Lake Village Center. The current real estate vacancy rate here is 32.9%. This is higher than the rate of vacancies in 95.3% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (21.3%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.