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Lake George

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

Median Home$316,200
Median Rent$1,142/month
Population903
Leading IndustriesConstruction · Agriculture & Mining · Professional Services11% construction
Home Value Growth⬆⬆+19.9% over 2 years
Retirees26% of residentsabove average nationally
Homeowners61% of occupied units
NotableTransit96/100 · excellent transit access
NotableAmenity Score87/100 · highly walkable area
Lake George
NY

Frequently Asked Questions

What are today's mortgage rates in Lake George?

As of today, the 30-year fixed mortgage rate for Lake George is approximately 6.781% (6.813% 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 Lake George?

The median home value in Lake George is $316k. The median monthly rent is $1,142. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake George?

Home values in Lake George have increased 19.9% 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 Lake George?

Based on a typical all-in ownership cost of $1,121/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake George is $68k/year.

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What industries drive the economy in Lake George?

The largest employment sectors in Lake George are public administration (26%) and agriculture and mining (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.