Similar to other places in this area, it is similar compared to the country as a whole. However compared to the city of Albany, it's a bit more expensive.
Home prices
The median home cost in Ballston Spa is $226,200. Compared to nearby areas it is roughly $5,480 (2%) higher.It is approximately $8,700 (4%) higher compared to the entire country, and it is roughly $47,100 (26%) higher compared to the city of Albany.
Rents
In Ballston Spa the median monthly rent is $988. Compared to other places in this area it is approximately $29 (2%) lower.Compared to the United States as a whole it is approximately $74 (6%) lower, and compared to the city of Albany it is about $19 (1%) higher.
Nearby places
North Ballston Spa
North Ballston Spa is Ballston Spa's neighbor to the north. The housing prices there are a bit less expensive. The price of the median home in North Ballston Spa is $188,900, which is $37,300 (19%) lower than Ballston Spa. Its rents are a little less expensive. North Ballston Spa's median rent is $842 per month, which is $146 (17%) lower than Ballston Spa.
Saratoga Springs
Saratoga Springs is roughly 5 miles northeast from Ballston Spa. The real estate prices there are significantly more expensive. The median home in Saratoga Springs costs $365,900, which is $139,700 (38%) higher than Ballston Spa. Its rents are a bit more expensive. The median monthly rent in Saratoga Springs is $1,293, which comes out to $305 (23%) higher than Ballston Spa.
Round Lake
Round Lake is roughly 5 miles southeast of Ballston Spa. The real estate prices there are fairly similar. The median home in Round Lake costs $218,500, which is $7,700 (3%) lower than Ballston Spa. The rent there is somewhat more expensive. The median monthly rent in Round Lake is $1,294, which comes out to $306 (23%) higher than Ballston Spa.
Galway
Galway is roughly 7 miles west from Ballston Spa. Its housing prices are substantially less expensive. The value of the median home in Galway is $160,000, which is $66,200 (41%) lower than Ballston Spa. Rent there is somewhat less expensive. In Galway the median monthly rent is $833, which works out to $155 (18%) lower than Ballston Spa.
Mechanicville
Mechanicville is approximately 9 miles southeast from Ballston Spa. Its housing prices are significantly less expensive. The price of the median home in Mechanicville is $170,300, which is $55,900 (32%) lower than Ballston Spa. Rent there is a bit less expensive. In Mechanicville the median rent is $821 a month, which comes out to $167 (20%) lower than Ballston Spa.
