Saratoga Springs Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$306,200

  • -2.3% 1-year change
  • -0.7% 1-year forecast

The median home value in Saratoga Springs is $306,200. Saratoga Springs home values have declined -2.3% over the past year and Zillow predicts they will fall -0.7% within the next year.

Foreclosures will be a factor impacting home values in the next several years. In Saratoga Springs 1.2 homes are foreclosed (per 10,000). This is lower than the Albany Metro value of 3.0 and also lower than the national value of 3.6

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Saratoga Springs is 4.0%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Saratoga Springs homeowners underwater on their mortgage is 7.5%, which is lower than Albany Metro at 13.0%.

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Relative ZHVI
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Saratoga Springs Market Overview

Data through Jul 31, 2015
  • $306,200 ZHVI
  • -0.7% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jul 31, 2016)
  • No data Median listing price
  • $337,000 Median sale price
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Saratoga Springs Market Health

Data through Jul 31, 2015
  • 3.5/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 7.5% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 4.0% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

1(May 31, 2015) Saratoga Springs
3 Albany Metro
4 United States
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Nearby Cities

Name Median ZHVI
Wilton $278,500
Saratoga $244,000
Malta $241,900
Name Median ZHVI
Greenfield Center $222,400
Town of Milton $215,900
Town of Stillwater $201,800
Name Median ZHVI
Northumberland $184,100
Ballston Spa $182,200
North Ballston Spa $178,400

Listings & Sales

Data through Jul 31, 2015
  • No recent data Median list price / sq ft
  • $185 Median sale price / sq ft
  • No data Listings with price cut
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Saratoga Springs Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $1,921 Saratoga Springs
    $1,522 Albany Metro
    $1,376 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • No data Rent list price
  • No data Rent list price / sq ft
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