What percentage of people rent in the Village of Lake Placid, NY?
53.8% (±9.8 points) of the occupied homes in the Village of Lake Placid, NY are rented (2020–2024 American Community Survey).
That is 800 renting households against 688 that own their home.
In the Village of Lake Placid, the share of households that rent went from 64.1% in 2015–2019 to 53.8% in 2020–2024 (−10.3 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 53.8% (±9.8 points)
- Renting households
- 800 (±208)
- Median renter income
- $36,596 (±$7,821)
Who rents and who owns in the Village of Lake Placid
| Village of Lake Placid | Essex County | New York | United States | |
|---|---|---|---|---|
| Renter-occupied share | 53.8% (±9.8 points) | 22.7% (±1.9 points) | 45.7% (±0.2 points) | 34.8% |
| Renting households | 800 (±208) | 3,717 (±342) | 3,525,661 (±12,362) | 45,017,354 |
| Owning households | 688 (±176) | 12,625 (±339) | 4,196,985 (±19,607) | 84,210,142 |
| Average renter household size | 1.5 (±0.2) | 1.9 (±0.1) | 2.3 (±0.0) | 2.3 |
| Average owner household size | 1.6 (±0.2) | 2.2 (±0.1) | 2.7 (±0.0) | 2.6 |
| Median renter household income | $36,596 (±$7,821) | $38,928 (±$3,474) | $57,803 (±$395) | $52,966 |
| Median owner household income | $97,000 (±$18,293) | $82,816 (±$5,040) | $114,563 (±$568) | $100,009 |
In the Village of Lake Placid, the renter share is higher than in Essex County (22.7%).
It is not measurably different from New York (45.7%).
It is higher than the national figure (34.8%).
Statewide, it ranks 34 of 532.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in the Village of Lake Placid has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 64.1% (±11.7 points) | 53.8% (±9.8 points) | −10.3 percentage points | Not a measurable change |
| Median gross rent | $1,031 (±$128) | $1,102 (±$93) | +6.9% | No measurable change after inflation |
| Median household income | $56,167 (±$13,403) | $41,612 (±$6,360) | −25.9% | Down 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.
Households that rent in places near the Village of Lake Placid
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Village of Lake Placid | — | 53.8% (±9.8 points) | — |
| Town of North Elba | 6.1 mi | 39.2% (±6.0 points) | Lower |
| Town of St. Armand | 6.4 mi | 23.3% (±7.8 points) | Lower |
| Town of Wilmington | 7.7 mi | 20.0% (±7.6 points) | Lower |
| Village of Saranac Lake | 7.7 mi | 52.8% (±6.4 points) | Not measurably different |
| Town of Harrietstown | 12 mi | 41.5% (±6.6 points) | Lower |
| Town of Keene | 12 mi | 16.7% (±10.1 points) | Lower |
| Town of Jay | 16 mi | 11.6% (±6.3 points) | Lower |
| Town of Franklin (Franklin County) | 17 mi | 10.2% (±4.9 points) | Lower |
Nearby places with a measurably lower figure: Town of North Elba, NY (39.2%), Town of St. Armand, NY (23.3%), Town of Wilmington, NY (20.0%).
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.
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Questions about Village of Lake Placid
How many renters are there in the Village of Lake Placid?
The Village of Lake Placid has an estimated 800 (±208) renting households, 53.8% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in the Village of Lake Placid?
In the Village of Lake Placid, the share of households that rent went from 64.1% in 2015–2019 to 53.8% in 2020–2024 (−10.3 percentage points), not a measurable change.
How big are renting households in the Village of Lake Placid?
A renting household in the Village of Lake Placid has 1.5 people on average, against 1.6 in an owned home.
How much do renters earn in the Village of Lake Placid?
The median renting household in the Village of Lake Placid, NY has an income of $36,596 (±$7,821) a year, against $97,000 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lake Placid village, New York
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Lake Placid village, New York
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Lake Placid village, New York
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lake Placid village, New York
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Lake Placid village, New York
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
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.
Figures last updated on .
Related
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- Home values in the Village of Lake Placid
- Homeowner costs in the Village of Lake Placid
- Property taxes in the Village of Lake Placid
- Types of homes in the Village of Lake Placid
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- Age of homes in the Village of Lake Placid
- Heating fuel in the Village of Lake Placid
- Commute and cars in the Village of Lake Placid
- Crime reported to police in the Village of Lake Placid
- Population growth in the Village of Lake Placid
- How long people stay in the Village of Lake Placid
- New York landlord and tenant rules
- Housing across Essex County
- New York places ranked by share of renters
- Housing data for every place in New York