Market Overview
Home Prices in Silver Bay, NY
The median home value in Silver Bay, NY is $1,246,710 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.3% compared to a year ago and up 4.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Silver Bay are priced204% above average. Silver Bay is part of the Glens Falls, NY metro area.
Over the past five years, Silver Bay home values have risen by approximately68.9%, reflecting strong long-term appreciation in this market.
Price History
Silver Bay Home Price Trend
City Comparison
Silver Bay vs. National Median
At $1,246,710, homes in Silver Bay cost 204% above the national median of $410,000. Buyers in Silver Bay should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Silver Bay?
20% Down Payment
$249,342
on $1,246,710
Monthly P&I
$6,502/mo
30-yr @ 6.8%
Total Monthly Est.
~$8,258/mo
incl. taxes & insurance
Income Needed
$330,320
gross annual (30% rule)
10% Down Option
$124,671
+ PMI applies
Loan Amount (20% dn)
$997,368
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 Silver Bay, NY?
The median home value in Silver Bay is $1,246,710 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.3% year-over-year.
How much have home prices changed in Silver Bay?
Over the past year, home values in Silver Bay have increased by 11.3%. Over five years, prices have risen approximately 68.9%.
How much do I need to earn to buy a home in Silver Bay?
To comfortably afford the median home price of $1,246,710 with a 20% down payment ($249,342) at today's rates (6.8%), you'd need a gross annual income of approximately $330,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Silver Bay compare to the national average home price?
The national median home value is approximately $410,000. At $1,246,710, homes in Silver Bay are 204% above the national average.
What metro area is Silver Bay part of?
Silver Bay is part of the Glens Falls, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.