Glens Falls, NY—12801
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Glens Falls, NY
As of Oct '25, the median home price in Glens Falls, NY is $261,000, with a year-over-year change of 1.7%. This indicates that home prices in Glens Falls, NY are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $261,000 | 1.7% |
| Single Family | $261,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $227,000 | 0.9% |
3 Bed | $258,000 | 2.0% |
4 Bed | $284,000 | 2.2% |
| 5 Bed | $338,000 | 3.4% |
% of Housing Stock
Rental Trends — Glens Falls, NY
As of July '25, Rentcast reports the average rent in Glens Falls, NY is $1,510, with a year-over-year rent change of 9.4%. Per bedroom, the median rent as of July '25 in Glens Falls, NY is 1-bedrooms: $1,360, 2-bedrooms: $1,440, 3-bedrooms: $1,700, 4-bedrooms: $3,200. The most common rental property sizes in Glens Falls, NY are 2-bedroom and 1-bedroom, accounting for 41.0% and 39.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,510 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,360 |
| 2 Bed Rent | $1,400 | $1,440 |
| 3 Bed Rent | $1,700 | $1,700 |
| 4 Bed Rent | $3,200 | $3,200 |
% of Rental Stock
Property Listings — Glens Falls, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Glens Falls, NY is 37. This is a decrease of -15.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $284,000 | 24.0% |
Listing Count | 35 | -41.0% |
| Listings as % of Homes | 0.5% | -41.0% |
Days on Market | 37 | -15.0% |
Demographics — Glens Falls, NY
As of the latest ACS Survey released in 2023, Glens Falls, NY has a population of 14,700, which has increased by 2.1% over the past 5 years. Glens Falls, NY is a moderately popular place for families, as children make up 19.5% of the population. The area has a moderately educated workforce, with 33.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,700 | 2.1% |
% Under 18 | 19.5% | -2.5% |
% Seniors | 14.9% | -0.7% |
% WFH | 7.1% | 545.5% |
% w/ College Degree | 33.2% | 16.5% |
As of the latest ACS Survey released in 2023, Glens Falls, NY is a predominantly white area, with 89.7% of the population identifying as white. The white population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Glens Falls, NY is hispanic, making up 3.0% of the population. Foreign-born residents account for 3.0% of the population in Glens Falls, NY, and this percentage has decreased by 37.5% 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 | 89.7% | -0.1% |
% Black | 2.9% | 70.6% |
% Hispanic | 3.0% | -36.2% |
% Asian | 0.5% | -68.8% |
% Foreign Born | 3.0% | -37.5% |
Mortgage and Risk — Glens Falls, NY
According to HUD data as of 2023, there were 205 mortgage originations in Glens Falls, NY, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Glens Falls, NY. Investor activity is low, as 5.0% 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 | 205 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Glens Falls, NY
As of 2024, the percent of homes in Glens Falls, NY under the Section 8 program is 20.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Glens Falls, NY, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 668 |
Total Units Section 8 | 668 |
% Rentals under Section 8 | 20.2% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$230 | $1,300 | $1,070 |
| 2 Bedroom | -$60 | $1,400 | $1,340 |
| 3 Bedroom | $40 | $1,700 | $1,740 |
| 4 Bedroom | -$1,420 | $3,200 | $1,780 |
Affordability — Glens Falls, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $261,000 |
| Median Household Income | $70,000 |