South Glens Falls, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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South Glens Falls, 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

South Glens Falls Housing Market Information

With a population of 3,580, 1,737 total housing units (homes and apartments), and a median house value of $156,103, South 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 South Glens Falls, accounting for 55.67% of the village's housing units. Other types of housing that are prevalent in South Glens Falls include duplexes, homes converted to apartments or other small apartment buildings ( 30.86%), large apartment complexes or high rise apartments ( 13.47%).

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

The housing in South Glens Falls was primarily built before 1939 ( 39.59%), making the housing stock in South Glens Falls some of the oldest overall in America, although there is a range of ages of homes in South Glens Falls. The next most important housing age is between 1940-1969 ( 39.37%), followed by between 1970-1999 ( 16.68%). There's also some housing in South Glens Falls built between 2000 and later ( 4.36%).

South Glens Falls Home Appreciation Rates

Real estate appreciation rates in South Glens Falls's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.16% during the period.

Over the last year, South Glens Falls appreciation rates have trailed the rest of the nation. In the last twelve months, South Glens Falls's appreciation rate has been -2.20%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in South Glens Falls were at 0.82%, which equates to an annual appreciation rate of 3.32%.

Relative to New York, our data show that South Glens Falls's latest annual appreciation rate is lower than 90% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$156,103

South Glens Falls, NY HOME PRICES

Value Range
> $1,019,000 0.0
$764,001 - $1,019,000 0.0
$510,001 - $764,000 0.0
$408,001 - $510,000 0.0
$305,001 - $408,000 1.2
$203,001 - $305,000 15.6
$102,001 - $203,000 72.3
$51,001 - $102,000 6.3
$0 - $51,000 4.6

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
47.3748974569319 56.5656565656566

Number Of Homes And Apartments:
1,737

South Glens Falls 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
85.44% 3.64% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$947 / per month

Homeownership Rate

Homeownership
Owners 51.21
Renters 48.79
Vacant 5.29

Housing Market Details

 

Age of Homes

AGE OF South Glens Falls HOMES
2000 or Newer 4.4
1970 - 1999 16.7
1940 - 1969 39.4
1939 or Older 39.6

Types of Homes

TYPE OF South Glens Falls HOMES
Single-Family 55.7
Townhomes 0.0
Small Apt. Buildings 30.9
Apt. Complexes 13.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF South Glens Falls HOMES
No Bedroom 0.87
1 Bedroom 21.26
2 Bedrooms 29.77
3 Bedrooms 30.75
4 Bedrooms 13.96
5 or more bedrooms 3.38

Popular Neighborhoods in South Glens Falls

Zip Codes in South Glens Falls, NY