Schenectady, NY—12302
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Schenectady, NY
As of Oct '25, the median home price in Schenectady, NY is $319,000, with a year-over-year change of 3.1%. This indicates that home prices in Schenectady, NY are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $319,000 | 3.1% |
| Single Family | $320,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $232,000 | 4.0% |
3 Bed | $305,000 | 3.0% |
4 Bed | $378,000 | 3.3% |
| 5 Bed | $435,000 | 3.6% |
% of Housing Stock
Rental Trends — Schenectady, NY
As of July '25, Rentcast reports the average rent in Schenectady, NY is $1,650, with a year-over-year rent change of -5.2%. Per bedroom, the median rent as of July '25 in Schenectady, NY is 1-bedrooms: $1,620, 2-bedrooms: $1,540, 3-bedrooms: $2,080. The most common rental property sizes in Schenectady, NY are 2-bedroom and 1-bedroom, accounting for 48.5% and 41.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,650 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,580 | $1,620 |
| 2 Bed Rent | $1,500 | $1,540 |
| 3 Bed Rent | $2,250 | $2,080 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Schenectady, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Schenectady, NY is 40. This is a decrease of -10.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $305,000 | 8.0% |
Listing Count | 100 | 23.0% |
| Listings as % of Homes | 0.5% | 23.0% |
Days on Market | 40 | -10.0% |
Demographics — Schenectady, NY
As of the latest ACS Survey released in 2023, Schenectady, NY has a population of 27,500, which has remained stable by 0.2% over the past 5 years. Schenectady, NY is a moderately popular place for families, as children make up 21.6% of the population. The area has a moderately educated workforce, with 41.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,500 | 0.2% |
% Under 18 | 21.6% | -4.0% |
% Seniors | 22.3% | 12.6% |
% WFH | 13.1% | 495.5% |
% w/ College Degree | 41.7% | 17.5% |
As of the latest ACS Survey released in 2023, Schenectady, NY is a predominantly white area, with 90.0% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Schenectady, NY is hispanic, making up 3.2% of the population. Foreign-born residents account for 3.9% of the population in Schenectady, NY, and this percentage has increased by 34.5% 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 | 90.0% | -2.1% |
% Black | 1.6% | 33.3% |
% Hispanic | 3.2% | -25.6% |
% Asian | 1.7% | 88.9% |
% Foreign Born | 3.9% | 34.5% |
Mortgage and Risk — Schenectady, NY
According to HUD data as of 2023, there were 631 mortgage originations in Schenectady, NY, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Schenectady, 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 | 631 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Schenectady, NY
Schenectady, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 260 |
Total Units Section 8 | 260 |
% Rentals under Section 8 | 9.1% |
% Occupied Section 8 | 90.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$350 | $1,580 | $1,230 |
| 2 Bedroom | -$10 | $1,500 | $1,490 |
| 3 Bedroom | -$450 | $2,250 | $1,800 |
| 4 Bedroom | N/A | N/A | $1,980 |
Affordability — Schenectady, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $319,000 |
| Median Household Income | $94,200 |