Is Saranac Lake, NY a good place to invest in rental property?

Saranac Lake, NY has a median modeled monthly cash flow of $-1,146 and a median cap rate of 2.5%, on a median sold price of $350,000. Prices changed +3.1% year over year.

What is the average cap rate in Saranac Lake, NY?

The median cap rate across recently sold homes in Saranac Lake, NY is 2.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Saranac Lake, NY?

The median sold price in Saranac Lake, NY is $350,000 (about $233 per square foot).

Investing in Saranac Lake, NY Real Estate

A data-driven snapshot of the Saranac Lake, NY rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$350,000Median sold price

$233Median $/sqft

2.5%Median cap rate

$-1,146Modeled cash flow / mo

+3.1%Appreciation YoY

14.7Months of supply

97Active listings

79Sold (last 12 mo)

What the Saranac Lake numbers say

In Saranac Lake, NY, the median home sold for $350,000 (about $233 per square foot), and the typical deal models out to a 2.5% cap rate with a median $-1,146 of monthly cash flow. Sold prices moved +3.1% over the past year. Inventory sits at about 14.7 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other New York markets to compare

See Saranac Lake cash-flowing listings

CashFlowRE ranks every for-sale home in Saranac Lake, NY by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Saranac Lake deals, or browse the national market data.