Home prices
The median home in Lake Placid is valued at $275,800. It is about $137,400 (99%) higher compared to nearby areas.Compared to the entire country it is about $58,300 (26%) higher, and compared to the city of Burlington it is roughly $8,700 (3%) lower.
Rents
In Lake Placid the median monthly rent is $1,031. Compared to its surrounding areas this is approximately $318 (44%) higher.In comparison to the rest of the nation it is roughly $31 (2%) lower, and compared to the city of Burlington is roughly $182 (15%) lower.
Nearby places
Saranac Lake
Saranac Lake is about 6 miles northwest of Lake Placid. Real estate prices there are significantly less expensive. The median home in Saranac Lake is valued at $156,500, which works out to $119,300 (76%) lower than Lake Placid. Rents there are substantially less expensive. Saranac Lake's median monthly rent is $724, which works out to $307 (42%) lower than Lake Placid.
Wilmington
Wilmington is approximately 9 miles northeast of Lake Placid. The real estate prices there are a lot less expensive. The median home cost in Wilmington is $181,300, which works out to $94,500 (52%) lower than Lake Placid. Its rents are a bit less expensive. Wilmington's median rent is $907 a month, which comes out to $124 (13%) lower than Lake Placid.
Au Sable Forks
Au Sable Forks is about 16 miles northeast of Lake Placid. The real estate prices there are substantially less expensive. Au Sable Forks's median home value is $93,900, which comes out to $181,900 (193%) lower than Lake Placid. The rent there is significantly less expensive. Au Sable Forks's median rent is $689 per month, which comes out to $342 (49%) lower than Lake Placid.
Elizabethtown
Elizabethtown is approximately 16 miles east of Lake Placid. Its real estate prices are significantly less expensive. The cost of the median home in Elizabethtown is $171,800, which comes out to $104,000 (60%) lower than Lake Placid. Rents there are a lot less expensive. In Elizabethtown the median rent is $756 a month, which comes out to $275 (36%) lower than Lake Placid.
Tupper Lake
Tupper Lake is about 20 miles west from Lake Placid. Housing prices there are significantly less expensive. The median home in Tupper Lake costs $88,500, which works out to $187,300 (211%) lower than Lake Placid. Rent there is substantially less expensive. Tupper Lake's median rent is $488 per month, which is $543 (111%) lower than Lake Placid.
