Lake Placid, NY
- Overview
- Performance
- Listings
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Key Performance Metrics
Market snapshotPerformance indicators for the Lake Placid short-term rental market based on reliable data.
Listings
394 / 877
Reliable / Active
Cap Rate
12%
Middle-Earners Gross Yield
Revenue
$40,301
Middle-Earners Revenue
Occupancy
42%
Middle-Earners Occupancy
Home Value
$343,681
Median Home Sale Price
Top Earners
$93,332
Top-Earners Revenue
Lake Placid
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Lake Placid.
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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.
Local STR Agent
STR specialist · Lake Placid, NY
About Lake Placid
Lake Placid, New York, is a picturesque village located in the Adirondack Mountains in northeastern New York. With a population of approximately 2,500 residents, Lake Placid is renowned for its natural beauty and outdoor recreational opportunities. The village is situated about 110 miles south of Montreal, 135 miles north of Albany, and 290 miles north of New York City.
Lake Placid gained international acclaim as the host of the Winter Olympics in 1932 and 1980, making it a notable destination for winter sports enthusiasts. Major landmarks include the historic Olympic Center, which includes the indoor ice skating rink used during the 1980 games (web link: Olympic Center), and the Lake Placid Olympic Museum (web link: Olympic Museum), where visitors can learn about the village's Olympic history.
Another significant attraction is the High Falls Gorge (web link: High Falls Gorge), a scenic nature park offering hiking trails and stunning views of waterfalls. Additionally, the nearby Whiteface Mountain provides ample opportunities for skiing, snowboarding, and sightseeing (web link: Whiteface Mountain).
Due to its rich history, scenic landscapes, and variety of outdoor activities, Lake Placid is appealing for short-term rentals. It attracts visitors looking for both adventure and relaxation, making it an ideal location for those renting out properties on a temporary basis.