Gloversville, NY—12078
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gloversville, NY
As of Oct '25, the median home price in Gloversville, NY is $169,000, with a year-over-year change of 2.6%. This indicates that home prices in Gloversville, NY are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $169,000 | 2.6% |
| Single Family | $169,000 | 3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $114,000 | -5.0% |
2 Bed | $150,000 | 2.7% |
3 Bed | $177,000 | 3.5% |
4 Bed | $198,000 | 4.2% |
| 5 Bed | $226,000 | 4.6% |
% of Housing Stock
Rental Trends — Gloversville, NY
As of July '25, Rentcast reports the average rent in Gloversville, NY is $1,280, with a year-over-year rent change of 10.3%. Per bedroom, the median rent as of July '25 in Gloversville, NY is 1-bedrooms: $944, 2-bedrooms: $1,200, 3-bedrooms: $1,370, 4-bedrooms: $2,500. The most common rental property sizes in Gloversville, NY are 2-bedroom and 3-bedroom, accounting for 45.2% and 26.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,280 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $950 | $944 |
| 2 Bed Rent | $1,100 | $1,200 |
| 3 Bed Rent | $1,200 | $1,370 |
| 4 Bed Rent | $2,500 | $2,500 |
% of Rental Stock
Property Listings — Gloversville, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Gloversville, NY is 56. This is a decrease of -7.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $201,000 | 33.0% |
Listing Count | 95 | 4.0% |
| Listings as % of Homes | 0.5% | 4.0% |
Days on Market | 56 | -7.0% |
Demographics — Gloversville, NY
As of the latest ACS Survey released in 2023, Gloversville, NY has a population of 23,100, which has decreased by -1.3% over the past 5 years. Gloversville, NY is a moderately popular place for families, as children make up 21.8% of the population. The area has a poorly educated workforce, with 18.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,100 | -1.3% |
% Under 18 | 21.8% | 9.5% |
% Seniors | 18.6% | -3.6% |
% WFH | 4.9% | 226.7% |
% w/ College Degree | 18.4% | 22.7% |
As of the latest ACS Survey released in 2023, Gloversville, NY is a predominantly white area, with 86.2% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Gloversville, NY is hispanic, making up 5.2% of the population. Foreign-born residents account for 2.2% of the population in Gloversville, NY, and this percentage has increased by 46.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.2% | -6.9% |
% Black | 1.8% | 20.0% |
% Hispanic | 5.2% | 40.5% |
% Asian | 1.1% | 57.1% |
% Foreign Born | 2.2% | 46.7% |
Mortgage and Risk — Gloversville, NY
According to HUD data as of 2023, there were 269 mortgage originations in Gloversville, NY, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Gloversville, NY. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 269 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 3.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Gloversville, NY
Gloversville, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 695 |
Total Units Section 8 | 402 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$160 | $950 | $790 |
| 2 Bedroom | -$60 | $1,100 | $1,040 |
| 3 Bedroom | $50 | $1,200 | $1,250 |
| 4 Bedroom | -$1,100 | $2,500 | $1,400 |
Affordability — Gloversville, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $169,000 |
| Median Household Income | $54,600 |