The housing market in 2020 Ballston Spa, NY is doing better than the national average. The median housing value in the town is $348,600, which is more than the US median house value of $338,100. The US house appreciation rate one year was 8.27%, whereas in Ballston Spa it was 9.88%, indicating that the local housing market is doing better than the rest of country. This could be a great opportunity for potential buyers to purchase property in Ballston Spa as their investment in housing will benefit more from appreciation and value long term compared to other parts of the United States.
The median home cost in Ballston Spa (zip 12020) is $348,600. Home appreciation the last 10 years has been 49.3%. Home Appreciation in Ballston Spa (zip 12020) is up 11.8%.
Average Age of Homes
- The median age of Ballston Spa (zip 12020) real estate is 33 years old
The Rental Market in Ballston Spa (zip 12020)
- Renters make up 23.8% of the Ballston Spa (zip 12020) population
- 1.4% of houses and apartments in Ballston Spa (zip 12020), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.