Ballston Lake, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Ballston Lake Neighborhoods Since 2000




Ballston Lake, NY Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Ballston Lake Housing Market Information

With a population of 12,230, 1,573 total housing units (homes and apartments), and a median house value of $180,374, Ballston Lake real estate prices are well above average cost compared to national prices.

Ballston Lake is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Ballston Lake than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ballston Lake. Owner-occupied housing accounts for 94.42% of Ballston Lake's homes, and 82.32% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Ballston Lake built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Ballston Lake built between 1940-1969 ( 28.90%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.14%). There's also some housing in Ballston Lake built before 1939 ( 6.84%).

Ballston Lake Home Appreciation Rates

Homes have actually lost value in Ballston Lake over the last then years, as home values have seen a decline of 20.94% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Ballston Lake home appreciation rates at 1.71%, which equates to an annual appreciation rate of 7.03%.

Appreciation rates are so strong in Ballston Lake that despite a nationwide downturn in the housing market, Ballston Lake real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ballston Lake appreciation rates continue to be some of the highest in America, at 5.64%, which is higher than appreciation rates in 70.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ballston Lake. Ballston Lake appreciation rates in the latest quarter were at 1.71%, which equates to an annual appreciation rate of 7.03%.

Importantly, this makes Ballston Lake one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to New York, our data show that Ballston Lake's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$180,374

Ballston Lake, NY HOME PRICES

Value Range
> $1,198,000 0.3
$899,001 - $1,198,000 0.7
$599,001 - $899,000 2.3
$479,001 - $599,000 1.3
$359,001 - $479,000 4.6
$239,001 - $359,000 12.1
$120,001 - $239,000 47.0
$60,001 - $120,000 23.5
$0 - $60,000 8.3

Average for NY
High for Nation

Value Relative to Nation Value Relative to State
37.9995312316887 49.0460157126824

Number Of Homes And Apartments:
1,573

Ballston Lake Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
42.18% 2.06% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,053 / per month

Homeownership Rate

Homeownership
Owners 94.42
Renters 5.58
Vacant 1.90

Housing Market Details

 

Age of Homes

AGE OF Ballston Lake HOMES
2000 or Newer 12.1
1970 - 1999 52.1
1940 - 1969 28.9
1939 or Older 6.8

Types of Homes

TYPE OF Ballston Lake HOMES
Single-Family 92.2
Townhomes 4.0
Small Apt. Buildings 3.4
Apt. Complexes 0.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Ballston Lake HOMES
No Bedroom 0.11
1 Bedroom 0.93
2 Bedrooms 9.27
3 Bedrooms 32.61
4 Bedrooms 49.70
5 or more bedrooms 7.37