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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 10,593, 4,439 total housing units (homes and apartments), and a median house value of $631,109, real estate costs in Ballston Lake are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.
Single-family detached homes are the single most common housing type in Ballston Lake, accounting for 74.97% of the town's housing units. Other types of housing that are prevalent in Ballston Lake include duplexes, homes converted to apartments or other small apartment buildings ( 21.31%), row houses and other attached homes ( 2.52%), and a few large apartment complexes or high rise apartments ( 1.20%).
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 77.04% of Ballston Lake's homes, and 66.91% 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 ( 24.64%). A lesser amount of the housing stock also hails from before 1939 ( 12.61%). There's also some housing in Ballston Lake built between 2000 and later ( 12.01%).
Ballston Lake's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ballston Lake during the period has been just 5.46%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Ballston Lake's appreciation rate, at 6.91%, has been at or slightly above the national average. In the latest quarter, Ballston Lake's appreciation rate has been -0.27%, which annualizes to a rate of -1.07%.
Notably, Ballston Lake's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Ballston Lake's latest annual appreciation rate is higher than 50% of the other cities and towns in New York.
$631,109
for New york
for nation
4,439
$1,915 / per month