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Old Forge

Learn about the people, housing, costs and businesses in Old Forge, New York

Median Home$331,000
Median Rent$1,164/month
Population653
Leading IndustriesWholesale Trade · Healthcare · Arts, Food & Hospitality21% wholesale trade
Home Value Growth⬆⬆⬆+34.6% over 2 years
Retirees39% of residentstop 2% nationally
Homeowners90% of occupied units
NotableHighly Educated30% hold a bachelor's degree · top 9% nationally
NotableTransit84/100 · excellent transit access
Old Forge
NY

Frequently Asked Questions

What are today's mortgage rates in Old Forge?

As of today, the 30-year fixed mortgage rate for Old Forge is approximately 6.844% (6.878% 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 Old Forge?

The median home value in Old Forge is $331k. The median monthly rent is $1,164. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Old Forge?

Home values in Old Forge have increased 34.6% 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 Old Forge?

Based on a typical all-in ownership cost of $1,143/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Old Forge is $80k/year.

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What industries drive the economy in Old Forge?

The largest employment sectors in Old Forge are wholesale trade (21%) and public administration (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.