Much like its surrounding areas, it is a bit less expensive compared to the entire nation. However it is substantially less expensive compared to the city of Burlington.
Home prices
The median home in Saranac Lake is valued at $156,500. Compared to the surrounding areas it is about $5,760 (3%) lower.Compared to the country as a whole it is roughly $61,000 (28%) lower, and in comparison to the city of Burlington it is approximately $128,000 (44%) lower.
Rents
In Saranac Lake the median rent is $724 per month. It is approximately $50 (6%) lower in comparison to its surrounding areas.It is about $338 (31%) lower compared to the nation as a whole, and is roughly $489 (40%) lower compared to the city of Burlington.
Nearby places
Lake Placid
Lake Placid is roughly 6 miles southeast of Saranac Lake. Its housing prices are significantly more expensive. The cost of the median home in Lake Placid is $275,800, which is $119,300 (43%) higher than Saranac Lake. Rent there is somewhat more expensive. Lake Placid's median rent is $1,031 a month, which is $307 (29%) higher than Saranac Lake.
Wilmington
Wilmington is about 13 miles east of Saranac Lake. Housing prices there are a bit more expensive. Wilmington's median home value is $181,300, which is $24,800 (13%) higher than Saranac Lake. The rent there is a little more expensive. Wilmington's median monthly rent is $907, which is $183 (20%) higher than Saranac Lake.
Tupper Lake
Tupper Lake is about 15 miles southwest from Saranac Lake. Housing prices there are a lot less expensive. The median home in Tupper Lake is valued at $88,500, which is $68,000 (76%) lower than Saranac Lake. The rent there is a lot less expensive. In Tupper Lake the median rent is $488 per month, which works out to $236 (48%) lower than Saranac Lake.
Au Sable Forks
Au Sable Forks is approximately 20 miles east from Saranac Lake. Its real estate prices are a lot less expensive. The median home in Au Sable Forks is valued at $93,900, which works out to $62,600 (66%) lower than Saranac Lake. Rents there are a bit less expensive. Au Sable Forks's median monthly rent is $689, which is $35 (5%) lower than Saranac Lake.
Elizabethtown
Elizabethtown is roughly 23 miles east of Saranac Lake. Its real estate prices are somewhat more expensive. The cost of the median home in Elizabethtown is $171,800, which comes out to $15,300 (8%) higher than Saranac Lake. Rents there are similar. In Elizabethtown the median monthly rent is $756, which comes out to $32 (4%) higher than Saranac Lake.
