Albany, NY—12211
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 $467,000, with a year-over-year change of 6.2%. This indicates that home prices in Albany, NY are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $467,000 | 6.2% |
| Single Family | $467,000 | 6.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $325,000 | 5.5% |
3 Bed | $402,000 | 5.5% |
4 Bed | $538,000 | 7.0% |
| 5 Bed | $815,000 | 6.7% |
% of Housing Stock
Rental Trends — Albany, NY
As of July '25, Rentcast reports the average rent in Albany, NY is $3,760, with a year-over-year rent change of 10.9%. Per bedroom, the median rent as of July '25 in Albany, NY is 1-bedrooms: $2,170, 3-bedrooms: $4,500, 4-bedrooms: $4,600. The most common rental property sizes in Albany, NY are 1-bedroom and 2-bedroom, accounting for 30.0% and 26.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,500 | $3,760 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,170 | $2,170 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $4,500 | $4,500 |
| 4 Bed Rent | $4,600 | $4,600 |
% 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 70. This is a increase of 14.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $655,000 | 9.0% |
Listing Count | 61 | -8.0% |
| Listings as % of Homes | 0.7% | -8.0% |
Days on Market | 70 | 14.0% |
Demographics — Albany, NY
As of the latest ACS Survey released in 2023, Albany, NY has a population of 13,800, which has increased by 28.3% over the past 5 years. Albany, NY is a moderately popular place for families, as children make up 19.6% of the population. The area has a highly educated workforce, with 58.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,800 | 28.3% |
% Under 18 | 19.6% | 13.3% |
% Seniors | 21.0% | -18.9% |
% WFH | 17.3% | 96.6% |
% w/ College Degree | 58.7% | 6.9% |
As of the latest ACS Survey released in 2023, Albany, NY is a predominantly white area, with 74.0% of the population identifying as white. The white population has shrunk by 13.0% in the last 5 years. The second most common race or ethnicity in Albany, NY is asian, making up 9.9% of the population. Foreign-born residents account for 9.6% of the population in Albany, NY, and this percentage has increased by 6.7% 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 | 74.0% | -13.0% |
% Black | 5.0% | 78.6% |
% Hispanic | 6.7% | 235.0% |
% Asian | 9.9% | 43.5% |
% Foreign Born | 9.6% | 6.7% |
Mortgage and Risk — Albany, NY
According to HUD data as of 2023, there were 287 mortgage originations in Albany, NY, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Albany, NY. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 287 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
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 | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$550 | $2,170 | $1,620 |
| 2 Bedroom | N/A | N/A | $1,960 |
| 3 Bedroom | -$2,140 | $4,500 | $2,360 |
| 4 Bedroom | -$2,000 | $4,600 | $2,600 |
Affordability — Albany, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $467,000 |
| Median Household Income | $146,000 |