North Elba, NY housing market
Builders were permitted 18 new homes in 2025.
Home values, sales, trends and how North Elba compares with the towns next door — updated as new data is published.
18 new homes permitted in 2025
Builders were permitted 18 new homes in North Elba in 2025, all single-family houses, worth about $17 million to build. That's 2.4 per 1,000 residents, faster than across New York (1.8). Over the past 10 years, North Elba has permitted 269 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, North Elba's population fell by 1,477 even though 97 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. 29% of North Elba's homes are seasonal or vacation homes, which adds housing without adding residents. Across New York: 2.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 9 | 9 | 0 | $7.6 million |
| 2025 | 18 | 18 | 0 | $17 million |
| 2024 | 30 | 30 | 0 | $16.9 million |
| 2023 | 34 | 34 | 0 | $20 million |
| 2022 | 13 | 13 | 0 | $15 million |
| 2021 | 116 | 56 | 60 | $33 million |
| 2020 | 15 | 15 | 0 | $9.2 million |
| 2019 | 13 | 13 | 0 | $8 million |
| 2018 | 13 | 13 | 0 | $8 million |
| 2017 | 11 | 11 | 0 | $2.4 million |
| 2016 | 6 | 6 | 0 | $1.5 million |
| 2015 | 14 | 14 | 0 | $5.6 million |
| 2014 | 15 | 15 | 0 | $6 million |
| 2013 | 7 | 7 | 0 | $4.2 million |
| 2012 | 8 | 6 | 2 | $2.1 million |
| 2011 | 4 | 4 | 0 | $2.1 million |
| 2010 | 6 | 6 | 0 | $1.8 million |
| 2009 | 8 | 8 | 0 | $3.3 million |
| 2008 | 18 | 18 | 0 | $8 million |
| 2007 | 17 | 13 | 4 | $4 million |
| 2006 | 9 | 9 | 0 | $835,000 |
| 2005 | 55 | 55 | 0 | $16.4 million |
| 2004 | 62 | 62 | 0 | $18.5 million |
| 2003 | 36 | 36 | 0 | $8.5 million |
| 2002 | 61 | 61 | 0 | $3.4 million |
| 2001 | 56 | 56 | 0 | $3.1 million |
| 2000 | 13 | 13 | 0 | $2.3 million |
How North Elba ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
North Elba and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| North Elba | — | — | $1,270 | 18 | $72,843 |
| St. Armand | — | +9.8%† | $1,090 | 0 | $81,221 |
| Harrietstown | — | — | $1,030 | 12 | $66,460 |
| Keene | — | — | $1,610 | 19 | $93,542 |
| Saranac Lake | $343K | +6.1% | $1,070 | 0 | $61,967 |
| Wilmington | — | — | $1,450 | 17 | $82,344 |
| Newcomb | — | — | $1,190 | 7 | $108,750 |
† FHFA price index change, where Zillow has no home value for the town.
5.9 years of income
The typical North Elba home costs about 5.9 years of the town's median household income, about the same as across New York (6.1).
How North Elba ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,270
HUD's Fair Market Rent for a two-bedroom in North Elba is $1,270 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in North Elba pay a median of $1,073, so moving in tends to cost more than staying put. A two-bedroom takes about 21% of the town's median household income.
Studio $950 · 4 bedrooms $1,760
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (12946, 12983; Essex County, NY), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.