Ballston Spa, NY 12020 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Ballston Spa, NY—12020

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$413,000

3.5% YoY Growth

Household Income

$102,000

25.7% YoY Growth

Days on Market

1.0% Shorter YoY

Home Price Forecast

1.8%

Median Rent

$1,980

8.9% YoY Growth

1-Bed Rent

$1,580

3.2% YoY Growth

2-Bed Rent

$1,980

13.6% YoY Growth

3-Bed Rent

$2,300

8.7% YoY Growth

Home Price Trends — Ballston Spa, NY

As of Dec '25, the median home price in Ballston Spa, NY is $413,000, with a year-over-year change of 3.5%. This indicates that home prices in Ballston Spa, NY are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$413,000	3.5%
Single Family	$417,000	3.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Ballston Spa, NY

As of July '25, Rentcast reports the average rent in Ballston Spa, NY is $2,250, with a year-over-year rent change of -8.9%. Per bedroom, the median rent as of July '25 in Ballston Spa, NY is studios: $1,400, 1-bedrooms: $2,260, 2-bedrooms: $2,040, 3-bedrooms: $2,500, 4-bedrooms: $2,900. The most common rental property sizes in Ballston Spa, NY are 2-bedroom and 1-bedroom, accounting for 45.4% and 32.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,980	$2,250
Studio Rent	$1,400	$1,400
1 Bed Rent	$1,580	$2,260
2 Bed Rent	$1,980	$2,040
3 Bed Rent	$2,300	$2,500
4 Bed Rent	$2,900	$2,900

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% of Rental Stock

Studio

3.5%

1 Bedroom

32.4%

2 Bedrooms

45.4%

3 Bedrooms

16.9%

4 Bedrooms

1.8%

Property Listings — Ballston Spa, NY

As of Dec '25, Realtor.com reports that the median days on market for a home in Ballston Spa, NY is 53. This is a increase of 3.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 8.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$627,000	16.0%
Listing Count	127	13.0%
Listings as % of Homes	0.9%	13.0%
Days on Market	58	-1.0%

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Demographics — Ballston Spa, NY

As of the latest ACS Survey released in 2023, Ballston Spa, NY has a population of 34,100, which has increased by 2.0% over the past 5 years. Ballston Spa, NY is a moderately popular place for families, as children make up 19.8% of the population. The area has a moderately educated workforce, with 42.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	34,100	2.0%
% Under 18	19.8%	-6.6%
% Seniors	18.4%	17.9%
% WFH	13.9%	183.7%
% w/ College Degree	42.6%	10.9%

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As of the latest ACS Survey released in 2023, Ballston Spa, NY is a predominantly white area, with 89.3% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Ballston Spa, NY is hispanic, making up 4.0% of the population. Foreign-born residents account for 3.8% of the population in Ballston Spa, NY, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	89.3%	-1.7%
% Black	1.8%	20.0%
% Hispanic	4.0%	2.6%
% Asian	1.9%	-17.4%
% Foreign Born	3.8%	0.0%

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Mortgage and Risk — Ballston Spa, NY

According to HUD data as of 2023, there were 821 mortgage originations in Ballston Spa, NY, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Ballston Spa, NY. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	821
% Conventional Loans	92.0%
% Government Loans	8.0%
% Investor Loans	2.0%
% Second Loans	3.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Ballston Spa, NY

As of 2024, the percent of homes in Ballston Spa, NY under the Section 8 program is 8.5%. 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. In Ballston Spa, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	362
Total Units Section 8	362
% Rentals under Section 8	8.5%
% Occupied Section 8	84.8%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$60	$1,580	$1,520
2 Bedroom	-$140	$1,980	$1,840
3 Bedroom	-$80	$2,300	$2,220
4 Bedroom	-$460	$2,900	$2,440

Ballston Spa, NY—12020

Key Metrics at a Glance

Home Price Trends — Ballston Spa, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ballston Spa, NY

% of Rental Stock

Property Listings — Ballston Spa, NY

Demographics — Ballston Spa, NY

Race and Ethnicity

Mortgage and Risk — Ballston Spa, NY

Mortgages

Rentals and Section 8 — Ballston Spa, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Ballston Spa, NY

Home Price to Income Ratio

Ballston Spa, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Ballston Lake, NY

Rock City Falls, NY

Burnt Hills, NY

Round Lake, NY

Greenfield Center, NY

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.5
Median Home Price	$413,000
Median Household Income	$102,000

Ballston Spa, NY—12020

Key Metrics at a Glance

Home Price Trends — Ballston Spa, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ballston Spa, NY

% of Rental Stock

Property Listings — Ballston Spa, NY

Demographics — Ballston Spa, NY

Race and Ethnicity

Mortgage and Risk — Ballston Spa, NY

Mortgages

Rentals and Section 8 — Ballston Spa, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Ballston Spa, NY

Home Price to Income Ratio

Ballston Spa, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Ballston Lake, NY

Rock City Falls, NY

Burnt Hills, NY

Round Lake, NY

Greenfield Center, NY

Frequently Asked Questions

What is the average home price in Ballston Spa, NY 12020?

How have home prices in Ballston Spa, NY 12020 changed over the past year?

What is the home price projection for Ballston Spa, NY 12020?

What are the demographics of Ballston Spa, NY 12020?

How long does it take homes to sell in Ballston Spa, NY 12020?

What is the average rent price in Ballston Spa, NY 12020?