Albany, NY—12210
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 $256,000, with a year-over-year change of 1.9%. This indicates that home prices in Albany, NY are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $256,000 | 1.9% |
| Single Family | $261,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $172,000 | 3.0% |
2 Bed | $276,000 | 3.8% |
3 Bed | $259,000 | 2.4% |
4 Bed | $316,000 | 3.3% |
| 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 $1,520, with a year-over-year rent change of 8.6%. Per bedroom, the median rent as of July '25 in Albany, NY is studios: $1,190, 1-bedrooms: $1,440, 2-bedrooms: $1,630, 3-bedrooms: $2,050. The most common rental property sizes in Albany, NY are 1-bedroom and 2-bedroom, accounting for 39.1% and 37.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,520 |
| Studio Rent | $1,050 | $1,190 |
| 1 Bed Rent | $1,400 | $1,440 |
| 2 Bed Rent | $1,550 | $1,630 |
| 3 Bed Rent | $2,100 | $2,050 |
| 4 Bed Rent | N/A | N/A |
% 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 42. This is a increase of 37.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $257,000 | 10.0% |
Listing Count | 11 | 21.0% |
| Listings as % of Homes | 0.2% | 21.0% |
Days on Market | 42 | 37.0% |
Demographics — Albany, NY
As of the latest ACS Survey released in 2023, Albany, NY has a population of 9,720, which has remained stable by 0.2% over the past 5 years. Albany, NY is a less popular place for families, as children make up 11.6% of the population. The area has a moderately educated workforce, with 43.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,720 | 0.2% |
% Under 18 | 11.6% | -23.2% |
% Seniors | 15.0% | 97.4% |
% WFH | 9.2% | 922.2% |
% w/ College Degree | 43.6% | -1.1% |
As of the latest ACS Survey released in 2023, Albany, NY is a predominantly white area, with 44.4% of the population identifying as white. The white population has grown by 15.0% in the last 5 years. The second most common race or ethnicity in Albany, NY is black, making up 42.9% of the population. Foreign-born residents account for 7.6% of the population in Albany, NY, and this percentage has decreased by 29.0% 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 | 44.4% | 15.0% |
% Black | 42.9% | -5.7% |
% Hispanic | 7.2% | -14.3% |
% Asian | 2.8% | -20.0% |
% Foreign Born | 7.6% | -29.0% |
Mortgage and Risk — Albany, NY
According to HUD data as of 2023, there were 88 mortgage originations in Albany, NY, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Albany, NY. Investor activity is low, as 8.0% 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 | 88 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 8.0% |
% 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 | 886 |
Total Units Section 8 | 670 |
% Rentals under Section 8 | 16.9% |
% Occupied Section 8 | 72.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$250 | $1,400 | $1,150 |
| 2 Bedroom | -$160 | $1,550 | $1,390 |
| 3 Bedroom | -$430 | $2,100 | $1,670 |
| 4 Bedroom | N/A | N/A | $1,840 |
Affordability — Albany, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $256,000 |
| Median Household Income | $55,900 |