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Lake George village, NY

ZIP 12845 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 12845

Median Home Value
$371,700
Median Rent
$941
Affordability Snapshot
$102,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,388/mo PITI).

12%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.9x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

32.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 12845 in Lake George village, NY, a household would need roughly $102,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,388. That is roughly in line with the local median household income ($95,583). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 43% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
76.1%+16% vs US avg
x
Vacancy Rate
43.1%+318% vs US avg
x
Broadband Access
88.1%+1% vs US avg
x
4+ Bedrooms
4.2%-72% vs US avg
x
Built Pre-1939
5.2%-59% vs US avg
x
Built Post-2014
0.9%-87% vs US avg
x
Rent Burden >30%
16.9%-66% vs US avg
x
Mortgage-Free
45.9%+20% vs US avg
x
$371,700
Home Value
$941
Rent
1975
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached78.3%
  • 1-unit attached7.6%
  • 2-9 units11.3%
  • 10+ units1.3%
  • Mobile home & other1.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$371,700
Median rent$941
Owner-occupied76.1%
Vacant43.1%
Price-to-income3.9x
Est. income to buy$102,000