Galway, NY 12074 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Galway, NY—12074

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$323,000

2.0% YoY Growth

Household Income

$91,900

13.3% YoY Growth

Days on Market

7.0% Longer YoY

Home Price Forecast

1.8%

Median Rent

$1,600

N/A

1-Bed Rent

N/A

2-Bed Rent

$1,600

N/A

3-Bed Rent

N/A

Home Price Trends — Galway, NY

As of Dec '25, the median home price in Galway, NY is $323,000, with a year-over-year change of 2.0%. This indicates that home prices in Galway, 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	$323,000	2.0%
Single Family	$323,000	2.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Galway, NY

Galway, NY lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	$1,600	$1,600
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,600	$1,600
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

11.3%

2 Bedrooms

29.2%

3 Bedrooms

39.6%

4 Bedrooms

7.5%

5+ Bedrooms

12.3%

Property Listings — Galway, NY

As of Dec '25, Realtor.com reports that the median days on market for a home in Galway, NY is 71. This is a increase of 13.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$400,000	16.0%
Listing Count	10	-24.0%
Listings as % of Homes	0.6%	-24.0%
Days on Market	77	7.0%

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Demographics — Galway, NY

As of the latest ACS Survey released in 2023, Galway, NY has a population of 2,830, which has decreased by -2.1% over the past 5 years. Galway, NY is a moderately popular place for families, as children make up 15.1% of the population. The area has a moderately educated workforce, with 29.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	2,830	-2.1%
% Under 18	15.1%	-36.6%
% Seniors	19.1%	-8.6%
% WFH	8.4%	-1.2%
% w/ College Degree	29.0%	-18.5%

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As of the latest ACS Survey released in 2023, Galway, NY is a predominantly white area, with 94.1% of the population identifying as white. The white population has grown by 0.2% in the last 5 years. The second most common race or ethnicity in Galway, NY is hispanic, making up 3.5% of the population. Foreign-born residents account for 2.6% of the population in Galway, NY, and this percentage has decreased by 25.7% 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	94.1%	0.2%
% Black	0.0%	-100.0%
% Hispanic	3.5%	-20.5%
% Asian	0.5%	-44.4%
% Foreign Born	2.6%	-25.7%

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Mortgage and Risk — Galway, NY

According to HUD data as of 2023, there were 69 mortgage originations in Galway, NY, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Galway, NY. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	69
% Conventional Loans	86.0%
% Government Loans	14.0%
% Investor Loans	0.0%
% Second Loans	6.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Galway, NY

Galway, NY lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	12
Total Units Section 8	12
% Rentals under Section 8	7.5%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,300
2 Bedroom	-$30	$1,600	$1,570
3 Bedroom	N/A	N/A	$1,890
4 Bedroom	N/A	N/A	$2,080

Galway, NY—12074

Key Metrics at a Glance

Home Price Trends — Galway, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Galway, NY

% of Rental Stock

Property Listings — Galway, NY

Demographics — Galway, NY

Race and Ethnicity

Mortgage and Risk — Galway, NY

Mortgages

Rentals and Section 8 — Galway, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Galway, NY

Home Price to Income Ratio

Galway, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Hagaman, NY

Middle Grove, NY

Broadalbin, NY

Rock City Falls, NY

Amsterdam, NY

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$323,000
Median Household Income	$91,900

Galway, NY—12074

Key Metrics at a Glance

Home Price Trends — Galway, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Galway, NY

% of Rental Stock

Property Listings — Galway, NY

Demographics — Galway, NY

Race and Ethnicity

Mortgage and Risk — Galway, NY

Mortgages

Rentals and Section 8 — Galway, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Galway, NY

Home Price to Income Ratio

Galway, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Hagaman, NY

Middle Grove, NY

Broadalbin, NY

Rock City Falls, NY

Amsterdam, NY

Frequently Asked Questions

What is the average home price in Galway, NY 12074?

How have home prices in Galway, NY 12074 changed over the past year?

What is the home price projection for Galway, NY 12074?

What are the demographics of Galway, NY 12074?

How long does it take homes to sell in Galway, NY 12074?

What is the average rent price in Galway, NY 12074?