Saratoga Springs, NY—12866
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Saratoga Springs, NY
As of Oct '25, the median home price in Saratoga Springs, NY is $620,000, with a year-over-year change of 2.2%. This indicates that home prices in Saratoga Springs, NY are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $620,000 | 2.2% |
| Single Family | $611,000 | 2.0% |
| Condos | $846,000 | 3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $440,000 | -2.0% |
2 Bed | $514,000 | 1.2% |
3 Bed | $565,000 | 2.2% |
4 Bed | $721,000 | 3.1% |
| 5 Bed | $1,064,000 | 2.9% |
% of Housing Stock
Rental Trends — Saratoga Springs, NY
As of July '25, Rentcast reports the average rent in Saratoga Springs, NY is $2,610, with a year-over-year rent change of -16.9%. Per bedroom, the median rent as of July '25 in Saratoga Springs, NY is studios: $1,970, 1-bedrooms: $2,320, 2-bedrooms: $2,340, 3-bedrooms: $3,430, 4-bedrooms: $3,700. The most common rental property sizes in Saratoga Springs, NY are 2-bedroom and 1-bedroom, accounting for 48.7% and 31.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,280 | $2,610 |
| Studio Rent | $1,340 | $1,970 |
| 1 Bed Rent | $1,850 | $2,320 |
| 2 Bed Rent | $2,300 | $2,340 |
| 3 Bed Rent | $2,950 | $3,430 |
| 4 Bed Rent | $3,400 | $3,700 |
% of Rental Stock
Property Listings — Saratoga Springs, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Saratoga Springs, NY is 69. This is a increase of 11.0% 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 | $832,000 | 0.0% |
Listing Count | 339 | 18.0% |
| Listings as % of Homes | 0.9% | 18.0% |
Days on Market | 69 | 11.0% |
Demographics — Saratoga Springs, NY
As of the latest ACS Survey released in 2023, Saratoga Springs, NY has a population of 39,700, which has increased by 1.2% over the past 5 years. Saratoga Springs, NY is a less popular place for families, as children make up 14.7% of the population. The area has a highly educated workforce, with 55.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,700 | 1.2% |
% Under 18 | 14.7% | -3.9% |
% Seniors | 22.5% | 5.6% |
% WFH | 21.4% | 84.5% |
% w/ College Degree | 55.0% | 3.6% |
As of the latest ACS Survey released in 2023, Saratoga Springs, NY is a predominantly white area, with 87.0% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Saratoga Springs, NY is hispanic, making up 4.2% of the population. Foreign-born residents account for 5.5% of the population in Saratoga Springs, NY, and this percentage has decreased by 15.4% 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 | 87.0% | -2.9% |
% Black | 2.3% | 15.0% |
% Hispanic | 4.2% | 23.5% |
% Asian | 2.5% | -30.6% |
% Foreign Born | 5.5% | -15.4% |
Mortgage and Risk — Saratoga Springs, NY
According to HUD data as of 2023, there were 649 mortgage originations in Saratoga Springs, NY, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Saratoga Springs, NY. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 649 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Saratoga Springs, NY
As of 2024, the percent of homes in Saratoga Springs, NY under the Section 8 program is 9.0%. 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 Saratoga Springs, 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 | 846 |
Total Units Section 8 | 683 |
% Rentals under Section 8 | 9.0% |
% Occupied Section 8 | 87.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$220 | $1,850 | $1,630 |
| 2 Bedroom | -$330 | $2,300 | $1,970 |
| 3 Bedroom | -$580 | $2,950 | $2,370 |
| 4 Bedroom | -$790 | $3,400 | $2,610 |
Affordability — Saratoga Springs, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $620,000 |
| Median Household Income | $98,400 |