Five years ago, the average home price in a broad slice of the Adirondacks was $178,000, according to the New York Association of Realtors. By 2023, that average sale had ballooned to $284,000.
Even this number is misleading, because it includes homes outside the park (Plattsburgh, for example) and many dwellings that sell for below-average prices are handyman specials needing perhaps $100,000 of work.
Assuming a homebuyer has the 20% down payment of $56,000 for a $280,000 house, the monthly payment including taxes and insurance is still beyond affordability for the average household.
Jay Realtor Mike Straight said local young families can generally
