Cohoes, NY—12047
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cohoes, NY
As of Oct '25, the median home price in Cohoes, NY is $328,000, with a year-over-year change of 3.3%. This indicates that home prices in Cohoes, NY are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $328,000 | 3.3% |
| Single Family | $326,000 | 2.8% |
| Condos | $361,000 | 3.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $270,000 | 4.7% |
3 Bed | $318,000 | 2.9% |
4 Bed | $497,000 | 2.9% |
| 5 Bed | $459,000 | 1.5% |
% of Housing Stock
Rental Trends — Cohoes, NY
As of July '25, Rentcast reports the average rent in Cohoes, NY is $1,610, with a year-over-year rent change of 6.6%. Per bedroom, the median rent as of July '25 in Cohoes, NY is studios: $1,100, 1-bedrooms: $1,400, 2-bedrooms: $1,660, 3-bedrooms: $1,700, 4-bedrooms: $2,830. The most common rental property sizes in Cohoes, NY are 2-bedroom and 1-bedroom, accounting for 41.0% and 29.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,480 | $1,610 |
| Studio Rent | $1,100 | $1,100 |
| 1 Bed Rent | $1,400 | $1,400 |
| 2 Bed Rent | $1,500 | $1,660 |
| 3 Bed Rent | $1,850 | $1,700 |
| 4 Bed Rent | $3,200 | $2,830 |
% of Rental Stock
Property Listings — Cohoes, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Cohoes, NY is 38. This is a decrease of -15.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $298,000 | -31.0% |
Listing Count | 55 | -34.0% |
| Listings as % of Homes | 0.6% | -34.0% |
Days on Market | 38 | -15.0% |
Demographics — Cohoes, NY
As of the latest ACS Survey released in 2023, Cohoes, NY has a population of 23,400, which has increased by 11.8% over the past 5 years. Cohoes, NY is a moderately popular place for families, as children make up 23.9% of the population. The area has a moderately educated workforce, with 32.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,400 | 11.8% |
% Under 18 | 23.9% | 29.2% |
% Seniors | 17.4% | -9.8% |
% WFH | 11.8% | 237.1% |
% w/ College Degree | 32.7% | 11.2% |
As of the latest ACS Survey released in 2023, Cohoes, NY is a predominantly white area, with 70.0% of the population identifying as white. The white population has shrunk by 15.6% in the last 5 years. The second most common race or ethnicity in Cohoes, NY is black, making up 11.0% of the population. Foreign-born residents account for 9.3% of the population in Cohoes, NY, and this percentage has increased by 27.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 70.0% | -15.6% |
% Black | 11.0% | 150.0% |
% Hispanic | 7.1% | 54.3% |
% Asian | 5.2% | 67.7% |
% Foreign Born | 9.3% | 27.4% |
Mortgage and Risk — Cohoes, NY
According to HUD data as of 2023, there were 390 mortgage originations in Cohoes, NY, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Cohoes, NY. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 390 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Cohoes, NY
As of 2024, the percent of homes in Cohoes, NY under the Section 8 program is 12.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Cohoes, NY, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 931 |
Total Units Section 8 | 623 |
% Rentals under Section 8 | 12.1% |
% Occupied Section 8 | 70.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$150 | $1,400 | $1,250 |
| 2 Bedroom | $10 | $1,500 | $1,510 |
| 3 Bedroom | -$30 | $1,850 | $1,820 |
| 4 Bedroom | -$1,200 | $3,200 | $2,000 |
Affordability — Cohoes, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $328,000 |
| Median Household Income | $67,000 |