Glens Falls, NY Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Glens Falls, NY Housing Market Trends

With 14,830 people, 6,510 houses or apartments, and a median cost of homes of $211,692, Glens Falls real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Glens Falls, accounting for 46.97% 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 ( 30.05%), large apartment complexes or high rise apartments ( 21.71%), and a few row houses and other attached homes ( 1.05%).

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 ( 51.34%), 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 ( 27.00%), followed by between 1970-1999 ( 14.36%). There's also some housing in Glens Falls built between 2000 and later ( 7.30%).

Glens Falls Home Appreciation Rates

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 3.89%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Glens Falls's appreciation rate, at 18.05%, has been at or slightly above the national average. In the latest quarter, Glens Falls's appreciation rate has been 6.48%, which annualizes to a rate of 28.57%.

Relative to New York, our data show that Glens Falls's latest annual appreciation rate is lower than 50% 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.

Average Home Values

 

Median Home Value:
$211,692

Glens Falls, NY HOME PRICES

> $1,346,000
1.0%
1.0%
$1,009,001 - $1,346,000
0.1%
0.1%
$673,001 - $1,009,000
3.4%
3.4%
$539,001 - $673,000
1.4%
1.4%
$404,001 - $539,000
1.1%
1.1%
$269,001 - $404,000
14.5%
14.5%
$135,001 - $269,000
66.8%
66.8%
$67,001 - $135,000
7.9%
7.9%
$0 - $67,000
3.7%
3.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Average for NY

Value Relative To Nation

Number Of Homes And Apartments:
6,510

Glens Falls Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
150.29% 4.26%
8
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,311 / per month

Homeownership Rate

Owners
49.9%
49.9%
Renters
50.1%
50.1%
Vacant
9.9%
9.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
7.3%
7.3%
1970 - 1999
14.4%
14.4%
1940 - 1969
27.0%
27.0%
1939 or Older
51.3%
51.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
47.0%
47.0%
Townhomes
1.1%
1.1%
Small Apt. Buildings
30.0%
30.0%
Apt. Complexes
21.7%
21.7%
Mobile Homes
0.2%
0.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.3%
2.3%
1 Bedroom
20.0%
20.0%
2 Bedrooms
29.7%
29.7%
3 Bedrooms
32.9%
32.9%
4 Bedrooms
10.8%
10.8%
5 or more bedrooms
4.4%
4.4%
0.0% 100.0%
% OF HOMES