How much do homeowners pay a month in the Village of Lake Placid, NY?

Name: Homeowner costs in the Village of Lake Placid, NY, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

Homeowners with a mortgage in the Village of Lake Placid, NY pay a median of $1,988 (±$752) a month in selected owner costs (2020–2024 American Community Survey).

54.2% of owned homes carry a mortgage.

In the Village of Lake Placid, the median monthly cost with a mortgage went from $1,201 in 2015–2019 to $1,988 in 2020–2024 (+65.5%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

With a mortgage: $1,988 (±$752)
Owned with a mortgage: 54.2%

Monthly owner costs in the Village of Lake Placid

Median selected monthly owner costs, estimate (90% margin of error)
	Village of Lake Placid	Essex County	New York	United States
With a mortgage	$1,988 (±$752)	$1,601 (±$78)	$2,555 (±$9)	$1,963
Without a mortgage	—	$632 (±$28)	$958 (±$5)	$638
Owned homes with a mortgage	54.2% (±13.9 points)	46.1% (±2.7 points)	57.8% (±0.2 points)	60.6%
Median real estate taxes (a year)	$5,094 (±$1,940)	$3,119 (±$225)	$6,582 (±$21)	$3,119

Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.

In the Village of Lake Placid, the median cost with a mortgage is not measurably different from Essex County ($1,601).

It is not measurably different from New York ($2,555).

It is not measurably different from the national figure ($1,963).

Statewide, it ranks 193 of 528.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How owner costs in the Village of Lake Placid have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median owner cost with a mortgage	$1,201 (±$207)	$1,988 (±$752)	+65.5%	No measurable change after inflation
Median real estate taxes	$2,971 (±$2,003)	$5,094 (±$1,940)	+71.5%	No measurable change after inflation
Median home value	$275,800 (±$39,047)	$400,000 (±$78,614)	+45.0%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median monthly cost with a mortgage in places near the Village of Lake Placid

Nearest places with a published estimate, compared with the Village of Lake Placid
Place	Distance	Median monthly cost with a mortgage	Compared with this place
Village of Lake Placid	—	$1,988 (±$752)	—
Town of North Elba	6.1 mi	$2,239 (±$378)	Not measurably different
Town of St. Armand	6.4 mi	$1,649 (±$265)	Not measurably different
Town of Wilmington	7.7 mi	$1,637 (±$206)	Not measurably different
Village of Saranac Lake	7.7 mi	$1,644 (±$84)	Not measurably different
Town of Harrietstown	12 mi	$1,726 (±$130)	Not measurably different
Town of Keene	12 mi	$2,068 (±$306)	Not measurably different
Town of Jay	16 mi	$1,392 (±$146)	Not measurably different
Town of Franklin (Franklin County)	17 mi	$1,483 (±$148)	Not measurably different

None of the nearby places differs measurably from this one on this figure.

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Village of Lake Placid

One account for renting, owning, managing and fixing homes, with these figures beside you.

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Village of Lake Placid beside you.

Create a landlord account · See what landlords get

Looking for a place to rent?

Browse homes for rent near Village of Lake Placid, save the ones you like and apply online.

Browse rentals · Create a renter account

Do repairs, renovations or maintenance?

Get found by owners and renters near Village of Lake Placid, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Village of Lake Placid

What is the average mortgage payment in the Village of Lake Placid?

The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in the Village of Lake Placid, NY is $1,988 (±$752) a month, including taxes, insurance and utilities.

Has the cost of owning a home in the Village of Lake Placid gone up?

In the Village of Lake Placid, the median monthly cost with a mortgage went from $1,201 in 2015–2019 to $1,988 in 2020–2024 (+65.5%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Lake Placid village, New York (place:40761, in state:36).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.