Balmville, NY
Population 3,725 · New York
About Balmville, NY
Balmville is a small town located in New York with a population of 3,725 residents according to the latest US Census Bureau American Community Survey data. The median household income is $107,204 per year, which is 43% above the national median of $75,149. The median age of 47.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Balmville features a median home value of $359,600, which is 47% above the national median of $244,900. This positions Balmville in a moderately priced market relative to the rest of the country. Median monthly rent is $1,671, 44% above the national average of $1,163/month. Of the 1,373 total housing units, 75% are owner-occupied (983 units) and 25% are renter-occupied (332 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Balmville shows an unemployment rate of 4.9%, which is near the national rate of 3.7%. The poverty rate stands at 3.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Balmville have an average one-way commute time of 36.6 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
32.7% of Balmville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.7% White, 0.6% Hispanic or Latino, 4.1% Black or African American, and 17.9% Asian residents, with 18.9% of the population being foreign-born.
Cost of Living in Balmville, NY
Compared to national averages, Balmville has a median household income of $107,204 (43% above the national median of $75,149). Home values average $359,600, which is 47% above the national median. Monthly rent at $1,671 is 44% above the US average of $1,163. Within New York, Balmville's income is 11% above the state average of $96,987, and home values are 7% below the state median of $387,181.
Why Live in Balmville, NY?
Balmville offers a strong local economy with a median household income of $107,204, well above the national average, and a low poverty rate of 3.7%, better than the national average.
Balmville has a population of 3,725 with a median age of 47.3 years. Compare Balmville with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Balmville
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| South Glens Falls | 3,739 | $57,865 | $189,800 | Compare |
| Montrose | 3,702 | $143,496 | $439,900 | Compare |
| Westhampton | 3,702 | $131,125 | $980,400 | Compare |
| Highland-on-the-Lake | 3,701 | $85,616 | $168,400 | Compare |
| Highland Falls | 3,696 | $107,500 | $340,600 | Compare |
| Haviland | 3,694 | $86,806 | $268,500 | Compare |
| Sloan | 3,757 | $69,954 | $120,000 | Compare |
| Setauket | 3,687 | $202,339 | $708,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Balmville With Other Cities
Frequently Asked Questions about Balmville
What is the population of Balmville, NY?
The population of Balmville, NY is 3,725 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New York.
What is the median household income in Balmville?
The median household income in Balmville, NY is $107,204 per year, which is 43% above the national median of $75,149.
What is the median home value in Balmville?
The median home value in Balmville, NY is $359,600, which is 47% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Balmville?
The median monthly rent in Balmville, NY is $1,671, which is 44% above the national average of $1,163/month.
What is the unemployment rate in Balmville?
The unemployment rate in Balmville, NY is 4.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Balmville, NY a good place to live?
Balmville offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 3,725 and a median age of 47.3, the city appeals to established professionals and retirees.
How educated is Balmville, NY?
32.7% of residents in Balmville aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Balmville?
Key cost-of-living indicators for Balmville, NY: median home value is $359,600 (47% above national), median rent is $1,671/month, and median household income is $107,204. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Balmville?
The poverty rate in Balmville, NY is 3.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Balmville, NY?
Balmville's population is 0.7% White, 0.6% Hispanic or Latino, 4.1% Black or African American, 17.9% Asian, and 22.5% two or more races. 18.9% of residents are foreign-born.