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Lake Placid

Lake Placid

Located in Essex County

$758,383 Average Value
$378 Average Price per Sq Ft
80 Homes For Sale

Lake Placid is an Adirondack resort town with a long sports legacy

Lake Placid has hosted two Winter Olympics, including the famed "Miracle on Ice” in 1980. However, the upstate New York resort town thrives in other seasons, too. "It's far busier in the summer, and part of the reason for that is tons of people are out hiking, boating and fishing, but you also have lots of events," says longtime resident Chase Jermano, a broker at Tina Leonard Real Estate. "One of the big ones is the Ironman. Some people even buy homes here just to train year-round." The lakeside village of about 3,000 residents has been a vacation destination since the late 1800s. Winter sports became popular in the early 20th century, and Lake Placid hosted its first Winter Olympics in 1932. The area is still a hot spot for elite athletes, with an Olympic Training Center, a ski jump complex and a bobsled track. Aside from winter sports, residents of this Adirondack community can enjoy lake activities, hiking and golf. Plus, a Main Street full of locally owned businesses helps Lake Placid combine outdoor recreation with the friendliness of small-town life.

Year-round outdoor activity in the Adirondacks

The village sits on two lakes: its namesake Lake Placid and the smaller Mirror Lake. A boat ramp near Lake Placid Marina provides a public spot to start a day on the water, while Mirror Lake Public Beach has a large swimming area and a dedicated place for launching kayaks or canoes. Hiking trails of all levels surround the region, from the strolls on the Peninsula Trails to the High Peaks of the Adirondacks. When the weather turns cold, residents swap their hiking boots for snowshoes and cross-country skis. The Adirondack Rail Trail is a 34-mile path available for year-round use. Nearby Whiteface Mountain offers 300 acres of downhill skiing, with 94 total trails for Olympians and everyone else.

Tree-covered lots feature mountain homes and lake views

Homes in Lake Placid mostly fall into traditional mountain styles. "One term that people use is Adirondack-style. Essentially, that's just a woodsy house that's similar to a log home, without being a log home," Jermano says. These houses often have wood and stone features on the outside, with large windows and decks to showcase views of the lakes or the mountains. Waterfront houses typically have private docks for easy access. Other styles include log cabins, Colonial Revivals and American Foursquares, many on suburban lots with tall pine trees. The median sales price is around $610,000. There is little flood risk along the lakes, but some risk for homes near the Chubb River.

Locally owned businesses fill downtown

Main Street is the go-to destination for shopping and dining, featuring a mix of small businesses. "The best part of the food scene is that the only franchise here is McDonald's. Almost everything else is locally owned," Jermano says. He recommends Top of the Park for a spot to enjoy small plates and unique cocktails with a view of Mirror Lake. Lisa G's is an upscale American restaurant on Sentinel Road known for its outdoor patio. Other nearby spots include brewpubs, pizzerias and burger joints. Shops on Main Street sell everything from sporting goods and clothing to books and gifts. Groceries are available at Hannaford on Hadjis Way or Price Chopper on Saranac Avenue. Plattsburgh , about 50 miles away, has big-box stores.

Sporting events and holiday celebrations keep residents busy

Sports are a large part of life in Lake Placid, with several competitions each year. The village's Ironman is one of the oldest races of its kind and happens each July. The Empire State Winter Games, WHOOP UCI Mountain Bike World Series and the Skate America figure skating competitions also regularly take place in Lake Placid. Herb Brooks Arena at the Olympics Conference Center hosts some of these events, and the Olympic Museum is open seven days a week, detailing the town's history in sports. Other community events include free summer concerts at Mid's Park and the Holiday Village Stroll in December.

Career prep at Lake Placid Central Schools

Lake Placid Elementary School earns a B from Niche, while Lake Placid Middle/High School gets a C-plus. High schoolers can take career and technical courses at Adirondack Education Center, including automotive technology, culinary arts and health occupations. The school also has clubs like robotics and e-sports.

State highways offer commutes through Upstate New York

State routes 86 and 73 pass through the village, connecting to nearby communities like Plattsburgh, about 50 miles away. Adirondack Regional Airport is 17 miles away in Saranac Lake and offers nonstop service to Boston and New York City. The closest hospital is Adirondack Health, also in Saranac Lake.

Matthew Atkins
Written By
Matthew Atkins

Interested in learning more about homes in this area? Reach out to Chase Jermano, an experienced agent in this area.

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Lake Placid Housing Trends

Housing Trends

Median List Price
$607,500
Median Sale Price
$650,000
Median Single Family Sale Price
$530,000
Median Townhouse Sale Price
$955,000
Median 2 Bedroom Sale Price
$664,500
Median Change From 1st List Price
5%
Last 12 months Home Sales
116
Median Home Sale Price YoY Change
49%
Average Price Per Sq Ft
$378

Area Facts

Number of Homes
2,032
Number of Homes for Sale
80
Median Year Built
1979
Months of Supply
8.30
Average Single Family Home Size Sq Ft
1,922
On par with the national average
1,929
Average Townhouse Size Sq Ft
2,054
Average 2 Bedroom Size Sq Ft
1,343
Average 1 Bedroom Size Sq Ft
950
Median Lot Size Sq Ft
16,552

Homes for Sale

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Lake Placid Has More Renters

Demographics

Total Population
3,353
Median Age
45
Population under 18
18.5%
Below the national average
23.8%
Population over 65
23.3%
On par with the national average
19.1%

Finances

Median Household Income
$61,287
Below the national average
$71,702
Average Household Income
$79,367

Education and Workforce

High School Graduates
94.9%
Above the national average
89.1%
College Graduates
47.9%
Above the national average
34.1%
Advanced Degrees
18.7%
% Population in Labor Force
70.4%

Weather

Annual Precipitation
36''
Average Winter Low Temperature
3°F
Average Summer High Temperature
76°F
Annual Snowfall
108''

Area Factors

Somewhat Bikeable

Bike Score®®

33 / 100

Somewhat Walkable

Walk Score®®

69 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Lake Placid
Chase Jermano
Tina Leonard Real Estate, LLC
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