Saratoga Springs, NY housing market
Typical home value
$657K
▲ 7.0% 1 yr
Typical rent
$2,165/mo
▲ 5.8% 1 yr
Gross rent yield
4.0%
U.S. 6.3%
5-year home value change
+34%
U.S. +20%
Key takeaways
- 1The typical home in Saratoga Springs is worth $656,614, up 7.0% over the past year and up 34% over five years.
- 2Typical rent is $2,165 a month (+5.8% YoY), a gross rent yield of 4.0% (below the Albany, NY metro's 5.4%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $3,608/mo, $1,443 more than typical rent.
- 4Zillow forecasts the Albany, NY metro's home values to change +3.7% over the next 12 months.
Market temperature (Albany, NY metro)
Seller's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 57/100, #56 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Saratoga Springs compares
| Measure | Saratoga Springs | Albany, NY metro | United States |
|---|---|---|---|
| Typical home value | $656,614 | $373,057 | $366,157 |
| Home value, 1-yr change | +7.0% | +5.0% | +1.2% |
| Typical rent | $2,165 | $1,693 | $1,932 |
| Rent, 1-yr change | +5.8% | +4.7% | +2.7% |
| Gross rent yield | 4.0% | 5.4% | 6.3% |
| Price-to-rent ratio | 25.3 | 18.4 | 15.8 |
| Mortgage P&I, typical home | $3,608 | $2,050 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Saratoga Springs rental, pre-filled.
Rent vs buy in Saratoga Springs
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $657K home.
Landlord in New York? See New York deposit, late fee and notice rules.
Other cities in the Albany, NY metro
Schenectady, NY
$331K home$1,517 rent
▲ 5.1% 1 yr
Albany, NY
$332K home$1,664 rent
▲ 4.2% 1 yr
Troy, NY
$299K home$1,473 rent
▲ 4.8% 1 yr
Ballston Spa, NY
$431K home$2,001 rent
▲ 4.8% 1 yr
Cohoes, NY
$339K home$1,865 rent
▲ 2.1% 1 yr
Rensselaer, NY
$316K home$1,877 rent
▲ 3.5% 1 yr
Watervliet, NY
$320K home$1,519 rent
▲ 3.4% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.