Ballston Spa, NY housing market
The typical Ballston Spa home is worth about $437,000, up 5.3% in a year, 17% below the New York typical home.
Home values, sales, trends and how Ballston Spa compares with the towns next door — updated as new data is published.
Ballston Spa at a glance
Only 3 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Ballston Spa | New York |
|---|---|---|
| 2017 | $261,000 | $298,000 |
| 2018 | $275,000 | $317,000 |
| 2019 | $280,000 | $337,000 |
| 2020 | $287,000 | $353,000 |
| 2021 | $310,000 | $379,000 |
| 2022 | $345,000 | $417,000 |
| 2023 | $369,000 | $437,000 |
| 2024 | $387,000 | $458,000 |
| 2025 | $409,000 | $489,000 |
| 2026 | $424,000 | $510,000 |
| August 2026 | $437,000 | $527,000 |
2 new homes permitted in 2025
Builders were permitted 2 new homes in Ballston Spa in 2025, all single-family houses. That's 0.4 per 1,000 residents, slower than across New York (1.8). Over the past 10 years, Ballston Spa has permitted 20 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Ballston Spa's population fell by 298 even though 67 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. 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) | 1 | 1 | 0 | $605,000 |
| 2025 | 2 | 2 | 0 | $520,000 |
| 2024 | 1 | 1 | 0 | $605,000 |
| 2023 | 1 | 1 | 0 | $195,000 |
| 2022 | 3 | 3 | 0 | $728,000 |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 2 | 2 | 0 | $310,000 |
| 2019 | 1 | 1 | 0 | $160,000 |
| 2018 | 4 | 4 | 0 | $930,000 |
| 2017 | 4 | 4 | 0 | $975,000 |
| 2016 | 2 | 2 | 0 | $630,000 |
| 2015 | 2 | 2 | 0 | $700,000 |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 5 | 5 | 0 | $1.4 million |
| 2012 | 26 | 2 | 24 | $1.8 million |
| 2011 | 18 | 2 | 16 | $1.4 million |
| 2010 | 5 | 5 | 0 | $1.5 million |
| 2009 | 8 | 8 | 0 | $2 million |
| 2008 | 5 | 5 | 0 | $1.4 million |
| 2007 | 2 | 2 | 0 | $500,000 |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 4 | 0 | 4 | $200,000 |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 4 | 4 | 0 | $295,000 |
| 2001 | 2 | 0 | 2 | $120,000 |
| 2000 | 14 | 2 | 12 | $610,000 |
How Ballston Spa 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.
Ballston Spa and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Ballston Spa | $437K | +5.3% | $2,110 | 2 | $101,667 |
| North Ballston Spa | — | +6.4%† | $2,110 | — | $91,140 |
† FHFA price index change, where Zillow has no home value for the town.
4.3 years of income
The typical Ballston Spa home costs about 4.3 years of the town's median household income, less than across New York (6.1 years).
How Ballston Spa 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 $2,110
HUD's Fair Market Rent for a two-bedroom in Ballston Spa is $2,110 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Ballston Spa pay a median of $1,122, so moving in tends to cost more than staying put. A two-bedroom takes about 25% of the town's median household income.
Studio $1,510 · 4 bedrooms $2,790
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (12020; Albany-Schenectady-Troy, NY MSA), 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, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. 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.