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 14,603 people, 6,669 houses or apartments, and a median cost of homes of $252,403, house prices in Glens Falls are solidly below the national average.
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'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 5.31%, which is lower than 70% of US communities.
Over the last year, Glens Falls appreciation rates have trailed the rest of the nation. In the last twelve months, Glens Falls's appreciation rate has been 5.16%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Glens Falls were at -7.43%, which equates to an annual appreciation rate of -26.57%.
Notably, Glens Falls's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Glens Falls's latest annual appreciation rate is lower 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.
$252,403
for New york
for nation
6,669
$1,608 / per month