Saratoga Springs, NY

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Saratoga Springs short-term rental market based on reliable data.

Listings

1838 / 4379

Reliable / Active

Cap Rate

4%

Middle-Earners Gross Yield

Revenue

$24,492

Middle-Earners Revenue

Occupancy

51%

Middle-Earners Occupancy

Home Value

$651,095

Median Home Sale Price

Top Earners

$65,175

Top-Earners Revenue

Saratoga Springs

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Saratoga Springs.

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C

Challenging to Investors

Saratoga Springs Regulations

Saratoga Springs explicitly allows STRs but imposes a strict 150-day annual cap for both primary and non-primary units, mandatory fire inspections, $300k insurance, a near-term enforcement grace period, and high non-primary licensing fees ($750). The 150-day cap and moderate compliance burden make operations notably constrained relative to investor expectations.

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About Saratoga Springs

Saratoga Springs sits in Saratoga County in upstate New York, a small city of roughly 28,000 residents that has long outgrown its modest population count in cultural and tourism stature. Known for its storied horse racing tradition, historic mineral springs, leafy downtown, and a thriving arts scene, the city has a refined, walkable character that draws visitors year-round. It serves as a gateway to the southern Adirondacks and the Lake George region, and lies approximately 35 miles north of Albany, the nearest major city, with New York City about a three-and-a-half-hour drive to the south.

The Saratoga Race Course is the city's marquee draw, a celebrated thoroughbred track that has operated since 1863 and hosts a summer racing meet each July and August. The energy of race days spills into restaurants, hotels, and porches across the city, making the season one of the busiest and most lucrative stretches for local hospitality businesses. The track is just a few minutes' walk from Broadway, the city's main commercial corridor, where boutiques, bookstores, and farm-to-table restaurants line a walkable, tree-shaded strip that anchors the downtown experience.

Just outside the city center, Saratoga Spa State Park offers mineral springs, walking and biking paths, a public swimming complex, and a pair of museums, along with a sprawling golf course. The park is also home to the Saratoga Performing Arts Center, commonly known as SPAC, a summer amphitheater that hosts the New York City Ballet and the Philadelphia Orchestra each season alongside major concert tours. Together, the park and SPAC create a year-round draw that extends well beyond the racing calendar and gives the city a quieter, more contemplative rhythm in the off months.

A short drive north opens up the broader Adirondack region, where hikers, leaf-peepers, and skiers find access to millions of acres of public land. Day-trippers often head to Lake George, about 45 minutes to the north, a long, narrow lake ringed by small resort villages, public beaches, and a classic lakeside amusement park. The combination of small-city sophistication, outdoor recreation, and easy access to both the state capital and the mountains gives Saratoga Springs a particularly resilient short-term rental market, with strong summer peaks and a steady, diversified base of arts, wellness, and ski-season travelers filling in the rest of the year.

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