Market Overview
Home Prices in Ballston Spa, NY
The median home value in Ballston Spa, NY is $440,407 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.5% compared to a year ago and up 3.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ballston Spa are priced7% above average. Ballston Spa is part of the Albany-Schenectady-Troy, NY metro area.
Over the past five years, Ballston Spa home values have risen by approximately32.8%, reflecting strong long-term appreciation in this market.
Price History
Ballston Spa Home Price Trend
City Comparison
Ballston Spa vs. National Median
At $440,407, homes in Ballston Spa cost 7% above the national median of $410,000. Buyers in Ballston Spa should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Ballston Spa?
20% Down Payment
$88,081
on $440,407
Monthly P&I
$2,297/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,917/mo
incl. taxes & insurance
Income Needed
$116,680
gross annual (30% rule)
10% Down Option
$44,041
+ PMI applies
Loan Amount (20% dn)
$352,326
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Ballston Spa, NY?
The median home value in Ballston Spa is $440,407 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.5% year-over-year.
How much have home prices changed in Ballston Spa?
Over the past year, home values in Ballston Spa have increased by 5.5%. Over five years, prices have risen approximately 32.8%.
How much do I need to earn to buy a home in Ballston Spa?
To comfortably afford the median home price of $440,407 with a 20% down payment ($88,081) at today's rates (6.8%), you'd need a gross annual income of approximately $116,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Ballston Spa compare to the national average home price?
The national median home value is approximately $410,000. At $440,407, homes in Ballston Spa are 7% above the national average.
What metro area is Ballston Spa part of?
Ballston Spa is part of the Albany-Schenectady-Troy, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.