Saratoga Springs, New York Housing Market Prices
Saratoga Springs Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 93% below the New York median$32,500
-
Median rent 9% below the New York median$1,469
Housing Market Overview
| Metric | Saratoga Springs | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $32,500 | $471,885 | $248,835 |
| Price Trend (Annual %) | 32.2% | 7.1% | 7.5% |
| Median Gross Rent | $1,469 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Saratoga Springs is about 93% lower than in New York. Rent is about 9% lower than the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Saratoga Springs, up about 32.2% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Saratoga Springs rose about 45.8% between 2015 and 2024, from $1,008 to $1,469. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 0.3 yearly household incomes in Saratoga Springs.
Buying the median-priced home in Saratoga Springs costs roughly 1.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Saratoga Springs. The price-to-rent ratio in New York is about 24.3.
| Metric | Saratoga Springs | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $32,500 | $471,885 | $248,835 |
| Median Household Income | $103,810 | $86,556 | $80,455 |
| Price-to-Income Ratio | 0.3 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Saratoga Springs fell about 62.4%, while median household income rose about 61.3% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Saratoga Springs | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.5% | 48.8% | 58.5% |
| Rental Rate | 37.6% | 41.1% | 31.2% |
| Vacancy Rate | 10.9% | 10.1% | 10.2% |
| Median Tenure (years) | 14.0 | 17.0 | 15.0 |
| Median Year Moved In | 2012 | 2009 | 2011 |
Saratoga Springs has a homeownership rate of 51.5%, higher than the New York average of 48.8%. Its housing vacancy rate is 10.9%, compared with 10.1% in New York.
Housing Stock
| Metric | Saratoga Springs | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.96 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1975 | 1960 | 1978 |
| Median Number of Rooms | 5.3 | 5.0 | 5.5 |
The typical housing unit in Saratoga Springs was built around 1975. On average, 2.0 people live in a home with about 5.3 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Saratoga Springs, New York.
What is the median home price in Saratoga Springs, New York?
The median home price in Saratoga Springs, New York is $32,500, lower than the New York average of $471,885.
What is the average home price in Saratoga Springs, New York?
The typical home price in Saratoga Springs, New York, reported as the median sale price, is $32,500. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Saratoga Springs, New York?
The median gross rent in Saratoga Springs, New York is $1,469 per month, lower than the New York average of $1,621.
What was the median gross rent in Saratoga Springs in 2020?
In 2020, the median gross rent in Saratoga Springs, New York was $1,328 per month.
What is the price-to-rent ratio in Saratoga Springs, New York?
The price-to-rent ratio in Saratoga Springs, New York is about 1.8, meaning it would take roughly 1.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Saratoga Springs.
Are home prices or rent rising faster in Saratoga Springs, New York?
Both home prices and rent are rising in Saratoga Springs, up about 32.2% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Saratoga Springs, New York?
51.5% of households in Saratoga Springs, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in Saratoga Springs, New York?
The housing vacancy rate in Saratoga Springs, New York is 10.9%, higher than the New York average of 10.1%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →