Menands, NY 12204 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Menands, NY—12204

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$334,000

3.9% YoY Growth

Household Income

$75,200

44.8% YoY Growth

Days on Market

20.0% Shorter YoY

Home Price Forecast

1.6%

Median Rent

$1,500

3.3% YoY Growth

1-Bed Rent

$1,410

49.0% YoY Growth

2-Bed Rent

$1,550

15.0% YoY Growth

3-Bed Rent

$1,500

1.8% YoY Growth

Home Price Trends — Menands, NY

As of Dec '25, the median home price in Menands, NY is $334,000, with a year-over-year change of 3.9%. This indicates that home prices in Menands, NY are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$334,000	3.9%
Single Family	$335,000	3.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

7.7%

1 Bedroom

41.2%

2 Bedrooms

35.4%

3 Bedrooms

15.0%

4 Bedrooms

0.7%

Property Listings — Menands, NY

As of Dec '25, Realtor.com reports that the median days on market for a home in Menands, NY is 45. This is a decrease of -25.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$220,000	15.0%
Listing Count	16	55.0%
Listings as % of Homes	0.3%	55.0%
Days on Market	50	-20.0%

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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%

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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%

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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%

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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

Menands, NY—12204

Key Metrics at a Glance

Home Price Trends — Menands, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Menands, NY

% of Rental Stock

Property Listings — Menands, NY

Demographics — Menands, NY

Race and Ethnicity

Mortgage and Risk — Menands, NY

Mortgages

Rentals and Section 8 — Menands, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Menands, NY

Home Price to Income Ratio

Menands, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Albany, NY

Yarbrough Homes, NY

Albany, NY

Watervliet, NY

Albany, NY

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.8
Median Home Price	$334,000
Median Household Income	$75,200

Menands, NY—12204

Key Metrics at a Glance

Home Price Trends — Menands, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Menands, NY

% of Rental Stock

Property Listings — Menands, NY

Demographics — Menands, NY

Race and Ethnicity

Mortgage and Risk — Menands, NY

Mortgages

Rentals and Section 8 — Menands, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Menands, NY

Home Price to Income Ratio

Menands, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Albany, NY

Yarbrough Homes, NY

Albany, NY

Watervliet, NY

Albany, NY

Frequently Asked Questions

What is the average home price in Menands, NY 12204?

How have home prices in Menands, NY 12204 changed over the past year?

What is the home price projection for Menands, NY 12204?

What are the demographics of Menands, NY 12204?

How long does it take homes to sell in Menands, NY 12204?

What is the average rent price in Menands, NY 12204?