Market Overview
Home Prices in Gloversville, NY
The median home value in Gloversville, NY is $184,940 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.8% compared to a year ago and up 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gloversville are priced55% below average. Gloversville is part of the Gloversville, NY metro area.
Over the past five years, Gloversville home values have risen by approximately37.5%, reflecting strong long-term appreciation in this market.
Price History
Gloversville Home Price Trend
City Comparison
Gloversville vs. National Median
At $184,940, homes in Gloversville cost 55% below the national median of $410,000. This makes Gloversville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gloversville?
20% Down Payment
$36,988
on $184,940
Monthly P&I
$965/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,226/mo
incl. taxes & insurance
Income Needed
$49,040
gross annual (30% rule)
10% Down Option
$18,494
+ PMI applies
Loan Amount (20% dn)
$147,952
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 Gloversville, NY?
The median home value in Gloversville is $184,940 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.8% year-over-year.
How much have home prices changed in Gloversville?
Over the past year, home values in Gloversville have increased by 5.8%. Over five years, prices have risen approximately 37.5%.
How much do I need to earn to buy a home in Gloversville?
To comfortably afford the median home price of $184,940 with a 20% down payment ($36,988) at today's rates (6.8%), you'd need a gross annual income of approximately $49,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Gloversville compare to the national average home price?
The national median home value is approximately $410,000. At $184,940, homes in Gloversville are 55% below the national average.
What metro area is Gloversville part of?
Gloversville is part of the Gloversville, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.