Lake Placid, NY

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  • Performance
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Key Performance Metrics

Market snapshot

Performance indicators for the Lake Placid short-term rental market based on reliable data.

Listings

498 / 906

Reliable / Active

Cap Rate

11%

Middle-Earners Gross Yield

Revenue

$40,907

Middle-Earners Revenue

Occupancy

45%

Middle-Earners Occupancy

Home Value

$359,204

Median Home Sale Price

Top Earners

$97,225

Top-Earners Revenue

Lake Placid

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Lake Placid.

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C

Challenging to Investors

Lake Placid Regulations

Lake Placid allows STRs only via permits with strict caps (unhosted Town cap 165, hosted cap 48), a 90‑day Village unhosted cap, no new unhosted permits in residential areas, and substantial technical, safety, and parking standards plus detailed filings and inspections—making compliance costly and capacity‑limited.

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About Lake Placid

Lake Placid is a small village nestled in Essex County, in the Adirondack region of upstate New York. With a year-round population of roughly 2,500, it has the feel of an alpine resort town even in the middle of summer, its Main Street framed by mountain views and dotted with inns, gear shops, and coffee houses. The village is world-famous for hosting the 1932 and 1980 Winter Olympic Games, an unusual distinction that gives it an outsized cultural footprint for its size, and it serves as a primary gateway into the High Peaks Wilderness of the Adirondack Mountains. The nearest major city is Albany, the state capital, which lies about 150 miles to the south and roughly a three-hour drive down the Northway.

Just a short drive northeast of the village, Whiteface Mountain rises as the fifth-highest peak in the Adirondacks and the site of the alpine skiing events from the 1980 Olympics. The mountain operates as a year-round ski and snowboard resort in winter and a hiking and sightseeing destination in summer, with the Veterans Memorial Highway carrying visitors up to a castle-like observation structure near the summit. From the village of Lake Placid, the ski center is roughly a 15-minute drive.

Within the village itself, Mirror Lake is the scenic centerpiece of the community, a small glacial lake that reflects the surrounding peaks and gives the town much of its postcard identity. The lake is encircled by a roughly 2.7-mile path that walkers, joggers, and cross-country skiers use to take in the views, and in the colder months it occasionally hosts skating and even horse-drawn carriage rides.

A short drive south of the village sits the John Brown Farm State Historic Site, the former home of the radical abolitionist John Brown, who lived there in the years before his raid on Harpers Ferry. Operated by the New York State Office of Parks, the property offers guided tours of the farmhouse and grounds and provides a thoughtful counterpoint to the area's outdoor recreation appeal.

The Lake Placid Olympic Center anchors the southern end of Main Street and is the visible legacy of the village's two Olympic Games, housing the speed-skating oval and the ski-jumping towers that still draw training athletes. Adjacent to it, the Lake Placid Olympic Museum preserves memorabilia from both the 1932 and 1980 Games, including pieces from the American "Miracle on Ice" hockey upset.

For a short-term rental owner, Lake Placid offers an unusually strong combination of attributes. Its Olympic pedigree gives it year-round name recognition that drives consistent demand beyond a single season, while the surrounding Adirondack wilderness, the village's walkable downtown, and the steady calendar of sporting events, fall-foliage visitors, and ski-week crowds create a deep, diversified guest pool. Few small American villages offer such a concentrated mix of natural beauty, historic significance, and proven international tourism appeal.

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