Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$315,355+5.0% YoY · prices are rising fast
Market right nowBalanced, leaning sellersMore homes for sale than last year, 15% have cut their price
Income needed to buy, per year$68,362About 1.0× the local median income ($71,958): affordable for a typical household
Days on market69 daysAbout the same pace as a year ago
Next 12 months+3.6%Zillow expects prices to rise slightly
The typical home in Glens Falls, NY is worth $315,355, up 5.0% from a year ago. That is well above what local incomes have historically supported: fair value is about $273,797, so the area is 15.2% overvalued. It is a balanced market, leaning toward sellers: homes take about 69 days to sell, listings are up 17% from a year ago, 15% of listings have had a price cut. Zillow expects prices to rise about 3.6% over the next year. A household needs about $68,362 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,958. Typical rent is $1,444 a month. In the latest IRS figures, 308 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$315,355
Change in 1 year
+5.0%
Overvalued %
+15.2%
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Fair home value
$273,797
Change in 5 years
+29.9%
Zillow forecast, next 12 months
+3.6%
Home value to income
4.4×
Monthly mortgage payment (20% down)
$1,709
Income needed to afford it
$68,362
Property tax rate
1.70%
Rent and investing
Typical rent
$1,444
Price-to-rent ratio
18.2×
HUD Fair Market Rent, 2 bedrooms
$1,347
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Gross rental yield
5.50%
Cap rate (estimate)
3.57%
Market activity
Listings vs a year ago
+17.1%
Days on market
69
Listings with a price cut
14.7%
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Homes for sale
452
Pending sales per 100 listings
59
Asking price per sq ft
$237
People and jobs
Median household income
$71,958
Population change (1 year)
−0.6%
Unemployment rate
4.7%
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Population
124,373
Income adjusted for cost of living
$75,825
Net moves in (IRS)
+308
Cost of living (US = 100)
94.9
Schools, risk and environment
School rating (1 to 10)
5.5
FEMA hazard risk score (0 to 100)
59.6
Flood risk score
71.1
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Wildfire risk score
22.8
Walkability (1 to 20)
6.6
Road, rail and air noise
54 dB
Questions people ask
Is Glens Falls, NY overvalued?
Home prices in Glens Falls, NY are well above what local incomes have historically supported: fair value is about $273,797, so the area is 15.2% overvalued.
Is Glens Falls, NY a buyer's or seller's market?
Glens Falls, NY is a balanced market, leaning toward sellers: homes take about 69 days to sell, listings are up 17% from a year ago, 15% of listings have had a price cut.
Are home prices going down in Glens Falls, NY?
Home values in Glens Falls, NY are up 5.0% over the last year. Zillow's forecast for the next 12 months is +3.6%.
How much do you need to earn to buy a home in Glens Falls, NY?
A household needs about $68,362 a year to afford the typical home in Glens Falls, NY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,958.