Median price for residential apartments in as of May, 2021.
Remember to negotiate your price according to median sale prices. Also, take into account that the price depends on the size/amenities of the apartment.
116 Ballston Spa, NY 12020, USA apartments for sale
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Ballston Spa
According to statistics, the population in Ballston Spa, NY amounts to 5,278, which shows growth 3% compared to the previous year. The median age of the city’s residents is 41. The average household income is $56,358, shifting decline -4% from the past year, and the average property value in Ballston Spa, NY decline 1% to $217,900 throughout the year.
| Population | 5,278 |
| Median Age | 40.6 |
| Poverty Rate | 11% |
| Household Income | $56,358 |
| Number Of Employees | 2,639 |
| Median Property Value | $217,900 |
Household Income
The average household income in Ballston Spa, NY declined from $58,681 to $56,358 in the past year. This data is an estimate based upon 2,261 households in Ballston Spa, NY . The chart below presents how household income is distributed in Ballston Spa, NY in comparison to the revenue allocation amid households nationally.
- USA
- Ballston Spa, NY
Property Value
According to data from last year, the average property value in Ballston Spa, NY shifted from $216,300 to $217,900 throughout the year. The subsequent graph indicates the share of properties in the given price range in Ballston Spa, NY in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Ballston Spa, NY properties falls in the '$250,000 to $299,999' range, which is lower than the most significant median property across the country.
- USA
- Ballston Spa, NY
Rent vs. Own
- Rent52%
- Own48%
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Ballston Spa, NY compared to median property taxes around the country. The prevalent amount of property taxes in Ballston Spa, NY equals $3000, which is less than the national average.
- USA
- Ballston Spa, NY
Housing Trends
Ballston Spa, NY 12020, USA Housing Trends
Average sale in Ballston Spa: $384,502 (+28.6%)
| Apartment Size | May | vs Last Month |
|---|---|---|
| 2 bed apartments | $129,000 | N/A |
| 3 bed apartments | $383,685 | +7.7% |
| 4+ bed apartments | $385,523 | +15.9% |
During May 2021, the average price for an apartment in/near Ballston Spa, NY increased by 28.6% to $384,502.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $129,000. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $383,685. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $385,523 for a big-family home.
| Listing Type | May | vs Last Month |
|---|---|---|
| Houses for sale | $384,502 | +22.3% |
| Townhouses for sale | $263,000 | N/A |
According to statistics, average house is still $384,502 with no significant changes this month. Value of the townhouses didn’t change, the price still starts at $263,000.
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