Ballston Spa, NY Real Estate
According to census data in the year 2000 there were 2,404 housing units in Ballston Spa.
This represents a 8.6% growth from 2,213 in 1990.
Of those housing units, 2,404 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Ballston Spa is about 53%.
Ballston Spa's vacancy rate, including seasonal lodging, is about 5.5%.
Average household size is 2.33 people.
The majority of houses, apartments or condos in Ballston Spa were built after 1943.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.90% |
| One Bedroom | 22% |
| Two Bedrooms | 24.80% |
| Three Bedrooms | 35.60% |
| Four Bedrooms | 14.80% |
| Five Bedrooms or more | 1% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.54 |
| Median year structure was built | 1945 |
| Median Value of occupied units | $98,300 |
| Median Price asked for vacant units | $95,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.09 |
| Median year structure was built | 1942 |
| Median Monthly Rent asked for vacant units | $474 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.30% |
| Home Equity Loan | 11.80% |
| Simple Mortgage | 58.40% |
| Debt Free | 27.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21% |
