Quick facts: Ballston spa, NY

Quick Facts

113.7
Cost of Living
above US average
4,979
Population
6.43
Crime Rate per 1000
below US average
$78,136
Median Income
below US average
$569,960
Median House Price
above US average
$2359.47
Average Rent
above US average
6%
Poverty Rate
below US average
3.2%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $78,136.

🏠

Income Needed to Buy

βœ— Stretch
$179k/year
Based on $569,960 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $179k vs median $78,136
🏒

Income Needed to Rent

⚠ Stretch
$101k/year
Based on $2359.47/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $101k vs median $78,136
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Ballston spa, NY

Ballston Spa is a charming village located in Saratoga County, New York, known for its rich history and vibrant community. Situated just a short drive from the bustling city of Saratoga Springs, it offers a quieter, small-town atmosphere. The village is characterized by its historic architecture and beautiful parks, making it a pleasant place for residents and visitors alike. The downtown area features a variety of local shops, restaurants, and cafes, providing a taste of local culture and cuisine. Ballston Spa is also home to several annual events and festivals, which showcase the community spirit and bring people together. Additionally, the region boasts a wealth of outdoor recreational activities, with nearby lakes, parks, and hiking trails available for nature enthusiasts. The village has a family-friendly vibe, with good schools and a welcoming community, making it an attractive place for families and individuals seeking a peaceful lifestyle. Overall, Ballston Spa combines history, community, and outdoor beauty, making it a delightful location to explore.

πŸ” Search & Compare Places

First Location πŸ“