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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Glens Falls, NY Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Glens Falls, NY Housing Market Trends

With a population of 14,603, 6,669 total housing units (homes and apartments), and a median house value of $245,354, Glens Falls real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Glens Falls, accounting for 47.60% of the city's housing units. Other types of housing that are prevalent in Glens Falls include duplexes, homes converted to apartments or other small apartment buildings ( 29.54%), large apartment complexes or high rise apartments ( 21.51%), and a few row houses and other attached homes ( 1.12%).

People in Glens Falls primarily live in small (one, two or no bedroom) single-family detached homes. Glens Falls has a mixture of owner-occupied and renter-occupied housing.

The housing in Glens Falls was primarily built before 1939 ( 55.15%), making the housing stock in Glens Falls some of the oldest overall in America, although there is a range of ages of homes in Glens Falls. The next most important housing age is between 1940-1969 ( 22.68%), followed by between 1970-1999 ( 15.81%). There's also some housing in Glens Falls built between 2000 and later ( 6.37%).

Glens Falls Home Appreciation Rates

Glens Falls's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Glens Falls during the period has been just 4.76%, which is lower than 80% of US communities.

Appreciation rates are so strong in Glens Falls that despite a nationwide downturn in the housing market, Glens Falls real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Glens Falls appreciation rates continue to be some of the highest in America, at 8.90%, which is higher than appreciation rates in 91.17% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Glens Falls. Glens Falls appreciation rates in the latest quarter were at 5.09%, which equates to an annual appreciation rate of 21.97%.

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

Relative to New York, our data show that Glens Falls's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Glens Falls differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Glens Falls - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Glens Falls real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$245,354

Glens Falls, NY Home Prices
> $1,311,000
$983,001 - $1,311,000
$656,001 - $983,000
$524,001 - $656,000
$394,001 - $524,000
$262,001 - $394,000
$131,001 - $262,000
$65,001 - $131,000
$0 - $65,000
0.0%
0.0%
0.3%
0.3%
4.6%
4.6%
1.2%
1.2%
3.9%
3.9%
29.5%
29.5%
53.6%
53.6%
3.6%
3.6%
3.3%
3.3%
0% 100.0%
% of Homes
Average

for New york

Average

for nation

Number of Homes And Apartments:

6,669

Glens Falls Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,664 / per month

Homeownership Rate

Owners
Renters
49.7%
49.7%
50.3%
50.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.5%
7.5%
92.5%
92.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
6.4%
6.4%
15.8%
15.8%
22.7%
22.7%
55.1%
55.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
47.6%
47.6%
1.1%
1.1%
29.5%
29.5%
21.5%
21.5%
0.2%
0.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.8%
1.8%
21.3%
21.3%
30.7%
30.7%
29.6%
29.6%
11.2%
11.2%
5.5%
5.5%
0% 100.0%
% of Homes