Lake Placid, New York Short-Term Rental Market
Lake Placid caps rentals at 120 days, while Adirondack STRs averaged $344 ADR, 42.4% occupancy, $4,105 monthly in September 2026.
Quick Answer: Lake Placid, New York is an active short-term rental market. average occupancy in the Adirondacks market area is 42%. average monthly revenue in the Adirondacks market area is $4,105. average daily rate in the Adirondacks market area is $344. the top operator in the Adirondacks market area is Evolve with 166 listings. market score is 57/100 (grade C).
Market data reflects the Adirondacks regional market, which includes Lake Placid. Regulations, taxes, and permit details below are specific to Lake Placid.
Market Score Breakdown
Five dimensions StaySTRA evaluates per market.
Market Overview
Lake Placid is a strictly regulated short term rental town, with a 120 day annual rental cap, capped permit counts, and active enforcement, so owners should read the rules before running the numbers. Performance figures on this page describe the Adirondack region STR market, a shared regional dataset rather than Lake Placid alone. In September 2026 the Adirondack region STR market posted an average daily rate (ADR) of $344, occupancy of 42.4%, and average monthly revenue of $4,105 per listing. Compared with September 2025, occupancy is up 19.9%, ADR is up 6.3%, and revenue is up 21.1%. Entire place listings averaged $350 ADR and $4,198 in monthly revenue, houses averaged $4,418, and apartments averaged $3,159. Summing the twelve seasonal months gives annualized revenue of $41,535 per listing for the region. The longer record shows a market that has settled after the 2020 and 2021 surge. Occupancy was 57.5% in 2020 and 56.3% in 2021, fell to 43.5% in 2024, and recovered to 43.9% in 2025. Through September 2026 the year to date figures are 46.2% occupancy and a $332 ADR, against $314 for all of 2025. Demand in Lake Placid itself rests on its Olympic heritage. The village hosted the Winter Games in 1932 and 1980, and the state Olympic Regional Development Authority venues, including Whiteface Mountain, Mt. Van Hoevenberg, the ski jumps, and the Olympic Center, recently reached a record of about 1.2 million visits a year. About 84% of those venue visits happen in winter, and the average winter visitor spends roughly $156 a day. That venue figure is not a precise count of town visitors, but it shows where demand concentrates. The town has a population of 2,205. Bedroom, channel, and listing type counts are tracked at a shared regional level rather than uniquely for Lake Placid, so this profile omits them.
Seasonal Patterns
| Month | Occupancy |
|---|---|
| Jan | 39% |
| Feb | 51% |
| Mar | 33% |
| Apr | 36% |
| May | 44% |
| Jun | 53% |
| Jul | 70% |
| Aug | 68% |
| Sep | 42% |
| Oct | 42% |
| Nov | 32% |
| Dec | 47% |
Month-by-month nightly rates and revenue figures for Lake Placid are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Top Short-Term Rental Operators in Adirondacks market area
Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Adirondacks market as a whole, which includes Lake Placid, so these counts are not Lake Placid-only figures.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Evolve | 166 | 6,967 | ★ 4.77 |
| 2 | Adirondack By Owner | 97 | 3,146 | ★ 4.83 |
| 3 | Vacasa | 73 | 2,151 | ★ 4.58 |
| 4 | Northern Living | 66 | 2,312 | ★ 4.85 |
| 5 | Rocky Point Properties | 57 | 530 | ★ 4.82 |
What Kind of STR Should I Buy in Lake Placid?
Revenue and nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Lake Placid are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 42.9% |
| vrbo | 12.2% |
| both | 44.8% |
Home Value Trends (Lake Placid)
Typical home values, median sale prices, and the 10-year price trend for Lake Placid are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Insights
Booking-window and length-of-stay analysis for Lake Placid — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Short-Term Rental Regulations
Lake Placid short term rentals are regulated jointly by the Town of North Elba and the Village of Lake Placid, and enforcement is rated strict. A short term rental is any dwelling rented in whole or in part for fewer than 30 consecutive nights. Short term rentals are permitted, but an owner must hold a revocable permit before renting, and only one permit is issued per property. Permit types include Hosted, Unhosted, Lodging, and Main Street, and the number of permits is capped with a waitlist. Hosted permits cost about $200 a year, and Unhosted permits cost about $650 a year. Permits are valid for one year and renew annually. Rental activity is capped at 120 days per year, raised from 90. Owner occupancy and primary residence are not required, although hosted permits require the host or a representative to be present during stays. Unhosted rentals and lodging are not allowed in the Town Residential District, the Village Residential District, or certain planned developments, including MacKenzie Overlook, Fawn Valley, Fawn Ridge II, and the Peaks at Lake Placid, unless expressly allowed, and new unhosted permits are prohibited in residential neighborhoods. Operators must designate a representative who is reachable 24/7 and lives within a 60 minute drive, and must supply a deed, a chimney inspection, and a parking and site plan. Properties must register for the Essex County Room Occupancy Tax Program, which carries a 5% occupancy tax, before a permit issues, and New York State sales tax also applies to stays under 30 nights. The rules took effect through Local Law No. 1 of 2023, and the town funds a compliance monitor who reviews listing sites and handles complaints. In 2025 Essex County supervisors were also seeking to amend state occupancy tax law to strengthen short term rental taxation.
Market Comparison
The Adirondack region STR market runs at 42.4% occupancy and a $344 ADR in September 2026. Entire place listings at $350 and professionally managed listings at $467 sit above that rate, and luxury listings reach $664. Peak months lift occupancy, with July at 70.4% and August at 68.4%, while November at 31.9% and March at 33.2% fall well below the September level. The market’s comparative strength is therefore rate and seasonal peaks rather than year round volume. Growth is also strong, with revenue up 21.1% year over year and occupancy up 19.9%. Regulation is the main local factor, since Lake Placid combines a 120 day cap with capped permits. The market score data rates regulation at 70.3 out of 100, investability at 94.3, and total score at 57.0. Operator rankings are tracked at a shared regional level rather than uniquely for Lake Placid, so this profile omits them.
Frequently Asked Questions About Lake Placid, New York
Are short term rentals legal in Lake Placid, NY?
How much does a Lake Placid short term rental permit cost?
What is the average daily rate for Airbnbs in the Adirondack region?
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What is the best month for short term rental revenue here?
How far ahead do guests book, and how long do they stay?
What does it cost to buy a home in Lake Placid?
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