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Menands, NY—12204

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$351,000
4.4% YoY Growth
Household Income
$75,200
44.8% YoY Growth
Days on Market
3
39.0% Shorter YoY
Home Price Forecast
1.9%
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
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Menands, NY

As of May '26, the median home price in Menands, NY is $351,000, with a year-over-year change of 4.4%. This indicates that home prices in Menands, NY are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$351,0004.4%
Single Family $351,0004.8%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$226,0005.6%
    3 Bed
    		$308,0003.7%
    4 Bed
    		$482,0005.2%
    5 Bed $693,6657.4%
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    % of Housing Stock

    Studio
    5.0%
    1 Bedroom
    27.2%
    2 Bedrooms
    32.1%
    3 Bedrooms
    27.9%
    4 Bedrooms
    4.5%
    5+ Bedrooms
    3.4%

    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.

    TypeMedian RentAverage 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 May '26, Realtor.com reports that the median days on market for a home in Menands, NY is 3. This is a decrease of -39.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$529,00045.0%
    Listing Count
    		8-43.0%
    Listings as % of Homes0.3%-43.0%
    Days on Market
    		3-39.0%
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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.

    MetricLatest CensusYoY % Change
    Population
    		8,42010.4%
    % 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

    MetricLatest Census5-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

    MetricZip 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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio3.9
    Median Home Price$351,000
    Median Household Income$75,200

    Menands, NY — ZIP Code Boundary Map

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    Frequently Asked Questions