Albany, NY—12209
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Albany, NY
As of Oct '25, the median home price in Albany, NY is $257,000, with a year-over-year change of 5.9%. This indicates that home prices in Albany, 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 | $257,000 | 5.9% |
| Single Family | $257,000 | 5.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $229,000 | 6.5% |
3 Bed | $260,000 | 5.7% |
4 Bed | $275,000 | 5.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Albany, NY
As of July '25, Rentcast reports the average rent in Albany, NY is $2,160, with a year-over-year rent change of 44.0%. Per bedroom, the median rent as of July '25 in Albany, NY is studios: $2,740, 2-bedrooms: $1,720, 3-bedrooms: $1,980, 4-bedrooms: $2,300. The most common rental property sizes in Albany, NY are 3-bedroom and 2-bedroom, accounting for 44.0% and 34.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,160 |
| Studio Rent | $2,300 | $2,740 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,500 | $1,720 |
| 3 Bed Rent | $2,000 | $1,980 |
| 4 Bed Rent | $2,450 | $2,300 |
% of Rental Stock
Property Listings — Albany, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Albany, NY is 39. This is a increase of 51.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $230,000 | 4.0% |
Listing Count | 32 | 14.0% |
| Listings as % of Homes | 0.4% | 14.0% |
Days on Market | 39 | 51.0% |
Demographics — Albany, NY
As of the latest ACS Survey released in 2023, Albany, NY has a population of 10,800, which has increased by 14.6% over the past 5 years. Albany, NY is a moderately popular place for families, as children make up 23.4% of the population. The area has a highly educated workforce, with 45.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,800 | 14.6% |
% Under 18 | 23.4% | -4.5% |
% Seniors | 11.2% | -16.4% |
% WFH | 13.6% | 209.1% |
% w/ College Degree | 45.7% | 38.1% |
As of the latest ACS Survey released in 2023, Albany, NY is a predominantly white area, with 46.5% of the population identifying as white. The white population has shrunk by 8.5% in the last 5 years. The second most common race or ethnicity in Albany, NY is black, making up 25.1% of the population. Foreign-born residents account for 17.7% of the population in Albany, NY, and this percentage has increased by 13.5% 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 | 46.5% | -8.5% |
% Black | 25.1% | -12.8% |
% Hispanic | 19.1% | 117.0% |
% Asian | 7.7% | -18.1% |
% Foreign Born | 17.7% | 13.5% |
Mortgage and Risk — Albany, NY
According to HUD data as of 2023, there were 137 mortgage originations in Albany, NY, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Albany, NY. Investor activity is low, as 2.0% 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 | 137 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Albany, NY
Albany, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 216 |
Total Units Section 8 | 216 |
% Rentals under Section 8 | 14.3% |
% Occupied Section 8 | 66.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,150 |
| 2 Bedroom | -$110 | $1,500 | $1,390 |
| 3 Bedroom | -$330 | $2,000 | $1,670 |
| 4 Bedroom | -$610 | $2,450 | $1,840 |
Affordability — Albany, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $257,000 |
| Median Household Income | $81,600 |