Menands, NY—12204
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Menands, NY
As of Oct '25, the median home price in Menands, NY is $336,000, with a year-over-year change of 4.2%. This indicates that home prices in Menands, NY are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $336,000 | 4.2% |
| Single Family | $337,000 | 4.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $215,000 | 7.5% |
3 Bed | $294,000 | 3.2% |
4 Bed | $469,000 | 4.5% |
| 5 Bed | $665,000 | 4.2% |
% of Housing Stock
Rental Trends — Menands, NY
As of July '25, Rentcast reports the average rent in Menands, NY is $1,580, with a year-over-year rent change of 3.3%. Per bedroom, the median rent as of July '25 in Menands, NY is studios: $1,310, 1-bedrooms: $1,520, 2-bedrooms: $1,530, 3-bedrooms: $1,720, 4-bedrooms: $1,750. The most common rental property sizes in Menands, NY are 1-bedroom and 2-bedroom, accounting for 41.2% and 35.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,580 |
| Studio Rent | $1,180 | $1,310 |
| 1 Bed Rent | $1,410 | $1,520 |
| 2 Bed Rent | $1,550 | $1,530 |
| 3 Bed Rent | $1,500 | $1,720 |
| 4 Bed Rent | $1,750 | $1,750 |
% of Rental Stock
Property Listings — Menands, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Menands, NY is 53. This is a decrease of -18.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $600,000 | 25.0% |
Listing Count | 17 | 43.0% |
| Listings as % of Homes | 0.3% | 43.0% |
Days on Market | 53 | -18.0% |
Demographics — Menands, NY
As of the latest ACS Survey released in 2023, Menands, NY has a population of 8,420, which has increased by 10.4% over the past 5 years. Menands, NY is a moderately popular place for families, as children make up 21.4% of the population. The area has a moderately educated workforce, with 39.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,420 | 10.4% |
% Under 18 | 21.4% | -2.7% |
% Seniors | 14.6% | 20.7% |
% WFH | 12.4% | 439.1% |
% w/ College Degree | 39.2% | -27.4% |
As of the latest ACS Survey released in 2023, Menands, NY is a predominantly white area, with 49.9% of the population identifying as white. The white population has grown by 19.7% in the last 5 years. The second most common race or ethnicity in Menands, NY is black, making up 29.2% of the population. Foreign-born residents account for 7.6% of the population in Menands, NY, and this percentage has decreased by 63.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 49.9% | 19.7% |
% Black | 29.2% | -6.1% |
% Hispanic | 4.7% | -59.8% |
% Asian | 8.2% | -34.4% |
% Foreign Born | 7.6% | -63.1% |
Mortgage and Risk — Menands, NY
According to HUD data as of 2023, there were 73 mortgage originations in Menands, NY, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Menands, NY. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 73 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Menands, NY
As of 2024, the percent of homes in Menands, NY under the Section 8 program is 12.4%. 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. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Menands, NY, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 333 |
Total Units Section 8 | 333 |
% Rentals under Section 8 | 12.4% |
% Occupied Section 8 | 67.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $1,410 | $1,270 |
| 2 Bedroom | -$20 | $1,550 | $1,530 |
| 3 Bedroom | $340 | $1,500 | $1,840 |
| 4 Bedroom | $280 | $1,750 | $2,030 |
Affordability — Menands, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $336,000 |
| Median Household Income | $75,200 |