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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 3,750 people, 1,683 houses or apartments, and a median cost of homes of $281,141, South 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 South Glens Falls, accounting for 50.88% of the village's housing units. Other types of housing that are prevalent in South Glens Falls include duplexes, homes converted to apartments or other small apartment buildings ( 27.88%), large apartment complexes or high rise apartments ( 19.60%), and a few row houses and other attached homes ( 1.64%).
People in South Glens Falls primarily live in small (one, two or no bedroom) single-family detached homes. South Glens Falls has a mixture of owner-occupied and renter-occupied housing.
The housing in South Glens Falls was primarily built before 1939 ( 39.60%), making the housing stock in South Glens Falls some of the oldest overall in America, although there is a range of ages of homes in South Glens Falls. The next most important housing age is between 1940-1969 ( 28.56%), followed by between 2000 and later ( 18.36%). There's also some housing in South Glens Falls built between 1970-1999 ( 13.48%).
South Glens Falls's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in South Glens Falls during the period has been just 5.03%, which is lower than 80% of US communities.
Appreciation rates are so strong in South Glens Falls that despite a nationwide downturn in the housing market, South Glens Falls real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, South Glens Falls appreciation rates continue to be some of the highest in America, at 14.57%, which is higher than appreciation rates in 85.77% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in South Glens Falls. South Glens Falls appreciation rates in the latest quarter were at 0.90%, which equates to an annual appreciation rate of 3.64%.
Relative to New York, our data show that South Glens Falls's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.
$281,141
for New york
for nation
1,683
$1,626 / per month