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Cranberry Lake

Learn about the people, housing, costs and businesses in Cranberry Lake, New York

Median Home$100,000
Median Rent$950/month
Population179
Leading IndustriesPublic Administration · Finance & Insurance · Information & Media38% public administration
Home Value Growth⬆⬆+14.1% over 2 years
Retirees27% of residentsabove average nationally
Homeowners84% of occupied units
NotableVeteran Community13% of residents · top 4% nationally
Cranberry Lake
NY

Frequently Asked Questions

What are today's mortgage rates in Cranberry Lake?

As of today, the 30-year fixed mortgage rate for Cranberry Lake is approximately 6.881% (6.917% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Cranberry Lake?

The median home value in Cranberry Lake is $100k. The median monthly rent is $950. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cranberry Lake?

Home values in Cranberry Lake have increased 14.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Cranberry Lake?

Based on a typical all-in ownership cost of $659/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cranberry Lake is $52k/year.

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What industries drive the economy in Cranberry Lake?

The largest employment sectors in Cranberry Lake are public administration (38%) and information and media (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.