Home Insurance in Ballston Spa, New York
Homes in Ballston Spa carry a median value of $308,200 - 12% lower than the Saratoga County median.
The median home in Ballston Spa was built in 1939 or earlier. About 66% of homes were built before 1960, about 43 points above Saratoga County's 23%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
Housing in Ballston Spa breaks down to 61% single-family homes and 10% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
About 76% of owner-occupied homes in Ballston Spa have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
About 66% of occupied homes in Ballston Spa are owner-occupied. The vacancy rate is 9%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Most homes in Ballston Spa - 74% - are primarily heated with natural gas.
FEMA rates Saratoga County's overall risk as Relatively Low, led by inland flooding (Relatively Moderate). Saratoga County had 698 active NFIP flood policies as of September 2026. See the full Saratoga County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
The statewide average premium for a standard HO-3 homeowners policy in New York is $1,801 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $308,200 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 66% |
| Share of owner-occupied homes with a mortgage | 76% |
| Top county hazard | Inland Flooding (Relatively Moderate) |
| Active NFIP policies in Saratoga County | 698 |
| Home insurance premium | $1,801 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)