Ballston Lake, NY—12019
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ballston Lake, NY
As of Oct '25, the median home price in Ballston Lake, NY is $473,000, with a year-over-year change of 3.5%. This indicates that home prices in Ballston Lake, NY are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $473,000 | 3.5% |
| Single Family | $474,000 | 3.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $330,000 | 0.6% |
3 Bed | $459,000 | 3.8% |
4 Bed | $491,000 | 3.4% |
| 5 Bed | $495,000 | 2.5% |
% of Housing Stock
Rental Trends — Ballston Lake, NY
As of July '25, Rentcast reports the average rent in Ballston Lake, NY is $2,560, with a year-over-year rent change of 8.0%. Per bedroom, the median rent as of July '25 in Ballston Lake, NY is 1-bedrooms: $1,840, 2-bedrooms: $1,710, 3-bedrooms: $2,360, 4-bedrooms: $3,450. The most common rental property sizes in Ballston Lake, NY are 2-bedroom and 3-bedroom, accounting for 83.5% and 7.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,560 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,840 | $1,840 |
| 2 Bed Rent | $1,500 | $1,710 |
| 3 Bed Rent | $2,500 | $2,360 |
| 4 Bed Rent | $3,440 | $3,450 |
% of Rental Stock
Property Listings — Ballston Lake, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Ballston Lake, NY is 33. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $680,000 | 11.0% |
Listing Count | 66 | -24.0% |
| Listings as % of Homes | 1.2% | -24.0% |
Days on Market | 33 | -4.0% |
Demographics — Ballston Lake, NY
As of the latest ACS Survey released in 2023, Ballston Lake, NY has a population of 15,700, which has increased by 8.7% over the past 5 years. Ballston Lake, NY is a moderately popular place for families, as children make up 21.4% of the population. The area has a highly educated workforce, with 53.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,700 | 8.7% |
% Under 18 | 21.4% | 8.6% |
% Seniors | 21.1% | 1.0% |
% WFH | 18.2% | 237.0% |
% w/ College Degree | 53.6% | 4.1% |
As of the latest ACS Survey released in 2023, Ballston Lake, NY is a predominantly white area, with 86.6% of the population identifying as white. The white population has shrunk by 5.0% in the last 5 years. The second most common race or ethnicity in Ballston Lake, NY is asian, making up 4.1% of the population. Foreign-born residents account for 5.7% of the population in Ballston Lake, NY, and this percentage has decreased by 3.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.6% | -5.0% |
% Black | 1.3% | 8.3% |
% Hispanic | 3.8% | 245.5% |
% Asian | 4.1% | 10.8% |
% Foreign Born | 5.7% | -3.4% |
Mortgage and Risk — Ballston Lake, NY
According to HUD data as of 2023, there were 421 mortgage originations in Ballston Lake, NY, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Ballston Lake, NY. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 421 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Ballston Lake, NY
As of 2024, the percent of homes in Ballston Lake, NY under the Section 8 program is 0.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Ballston Lake, NY, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$570 | $1,840 | $1,270 |
| 2 Bedroom | $30 | $1,500 | $1,530 |
| 3 Bedroom | -$660 | $2,500 | $1,840 |
| 4 Bedroom | -$1,410 | $3,440 | $2,030 |
Affordability — Ballston Lake, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $473,000 |
| Median Household Income | $116,000 |