Total monthly cost of ownership
Cost to Own a Home in North Ballston Spa, New York
A $230,000 home here costs
$1,964per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $84,000 a year.
A standard mortgage calculator would have told you $1,254. The real number is $710 higher every month, 57% more than the payment most buyers budget for.
Compare Saratoga County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for North Ballston Spa from a five-year rolling sample, and with about 1,207 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Saratoga County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
North Ballston Spa against Saratoga County and New York
| Measure | North Ballston Spa | Saratoga County |
|---|---|---|
| Median home value | $229,900 | $324,800 |
| Median property tax | $2,838 | $4,843 |
| Effective tax rate | 1.234% | 1.491% |
| Median gross rent | $1,652 | $1,347 |
| Population | 1,207 | 237,075 |
The weather behind that power bill
North Ballston Spa sits in Saratoga County, which averages a high of 83.8°F in its hottest month and a low of 14.3°F in its coldest, with 46.38" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 670 cooling and 6,507 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Saratoga County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Saratoga County
Full Saratoga County cost breakdown · Every county in New York
Talk to someone who works this market
These are North Ballston Spa averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works North Ballston Spa every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in North Ballston Spa I already own here and may sell
Common questions
How much does it cost to own a home in North Ballston Spa?
A $230,000 home in North Ballston Spa, New York costs approximately $1,964 per month with 20% down at 7.24%. That is $1,254 principal and interest, $237 property tax, $51 homeowners insurance, $232 utilities and $192 set aside for maintenance.
What is the property tax rate in North Ballston Spa?
North Ballston Spa has an effective property tax rate of 1.234%, based on a median home value of $229,900 and median real estate taxes of $2,838. That is lower than the Saratoga County average of 1.491%.
What is the average home price in North Ballston Spa?
The median owner-occupied home value in North Ballston Spa, New York is $229,900, against $324,800 across Saratoga County.
Is it cheaper to rent or buy in North Ballston Spa?
Median gross rent in North Ballston Spa is $1,652 a month, against $1,964 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in North Ballston Spa?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in North Ballston Spa, New York at today's rate takes a household income of roughly $84,000 a year. That covers the full $1,964 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for North Ballston Spa, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for New York.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.