Mechanicville, NY—12118
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mechanicville, NY
As of Oct '25, the median home price in Mechanicville, NY is $453,000, with a year-over-year change of 4.3%. This indicates that home prices in Mechanicville, NY are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $453,000 | 4.3% |
| Single Family | $455,000 | 4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $341,000 | 4.9% |
3 Bed | $429,000 | 3.6% |
4 Bed | $588,000 | 4.4% |
| 5 Bed | $570,000 | 2.5% |
% of Housing Stock
Rental Trends — Mechanicville, NY
As of July '25, Rentcast reports the average rent in Mechanicville, NY is $1,870, with a year-over-year rent change of -3.1%. Per bedroom, the median rent as of July '25 in Mechanicville, NY is studios: $870, 1-bedrooms: $1,100, 2-bedrooms: $1,710, 3-bedrooms: $2,320. The most common rental property sizes in Mechanicville, NY are 2-bedroom and 1-bedroom, accounting for 46.6% and 30.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,870 |
| Studio Rent | $870 | $870 |
| 1 Bed Rent | $1,100 | $1,100 |
| 2 Bed Rent | $1,320 | $1,710 |
| 3 Bed Rent | $2,250 | $2,320 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mechanicville, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Mechanicville, NY is 93. This is a increase of 8.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $567,000 | 10.0% |
Listing Count | 98 | 6.0% |
| Listings as % of Homes | 1.5% | 6.0% |
Days on Market | 93 | 8.0% |
Demographics — Mechanicville, NY
As of the latest ACS Survey released in 2023, Mechanicville, NY has a population of 17,100, which has increased by 12.1% over the past 5 years. Mechanicville, NY is a moderately popular place for families, as children make up 18.7% of the population. The area has a moderately educated workforce, with 33.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,100 | 12.1% |
% Under 18 | 18.7% | -11.0% |
% Seniors | 19.5% | 6.0% |
% WFH | 10.3% | 186.1% |
% w/ College Degree | 33.2% | 0.3% |
As of the latest ACS Survey released in 2023, Mechanicville, NY is a predominantly white area, with 88.3% of the population identifying as white. The white population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Mechanicville, NY is hispanic, making up 4.3% of the population. Foreign-born residents account for 5.3% of the population in Mechanicville, NY, and this percentage has increased by 17.8% 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 | 88.3% | -2.4% |
% Black | 0.5% | -61.5% |
% Hispanic | 4.3% | 95.5% |
% Asian | 3.3% | 0.0% |
% Foreign Born | 5.3% | 17.8% |
Mortgage and Risk — Mechanicville, NY
According to HUD data as of 2023, there were 342 mortgage originations in Mechanicville, NY, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Mechanicville, NY. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 342 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Mechanicville, NY
Mechanicville, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 481 |
Total Units Section 8 | 481 |
% Rentals under Section 8 | 20.1% |
% Occupied Section 8 | 84.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$20 | $1,100 | $1,080 |
| 2 Bedroom | -$20 | $1,320 | $1,300 |
| 3 Bedroom | -$680 | $2,250 | $1,570 |
| 4 Bedroom | N/A | N/A | $1,720 |
Affordability — Mechanicville, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $453,000 |
| Median Household Income | $91,200 |