Schenectady, NY—12303
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 $307,000, with a year-over-year change of 2.2%. This indicates that home prices in Schenectady, 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 | $307,000 | 2.2% |
| Single Family | $309,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $239,000 | 3.0% |
3 Bed | $287,000 | 1.8% |
4 Bed | $423,000 | 3.9% |
| 5 Bed | $469,000 | 4.5% |
% of Housing Stock
Rental Trends — Schenectady, NY
As of July '25, Rentcast reports the average rent in Schenectady, NY is $1,510, with a year-over-year rent change of -3.2%. Per bedroom, the median rent as of July '25 in Schenectady, NY is 1-bedrooms: $1,280, 2-bedrooms: $1,600, 3-bedrooms: $1,700, 4-bedrooms: $1,300. The most common rental property sizes in Schenectady, NY are 3-bedroom and 2-bedroom, accounting for 35.2% and 32.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,510 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,280 | $1,280 |
| 2 Bed Rent | $1,600 | $1,600 |
| 3 Bed Rent | $1,500 | $1,700 |
| 4 Bed Rent | $1,300 | $1,300 |
% 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 48. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $293,000 | 2.0% |
Listing Count | 102 | 28.0% |
| Listings as % of Homes | 0.6% | 28.0% |
Days on Market | 48 | 0.0% |
Demographics — Schenectady, NY
As of the latest ACS Survey released in 2023, Schenectady, NY has a population of 30,000, which has increased by 6.2% over the past 5 years. Schenectady, NY is a moderately popular place for families, as children make up 23.1% of the population. The area has a moderately educated workforce, with 34.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,000 | 6.2% |
% Under 18 | 23.1% | 0.4% |
% Seniors | 18.4% | 14.3% |
% WFH | 15.1% | 259.5% |
% w/ College Degree | 34.8% | 17.2% |
As of the latest ACS Survey released in 2023, Schenectady, NY is a predominantly white area, with 65.9% of the population identifying as white. The white population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in Schenectady, NY is black, making up 11.4% of the population. Foreign-born residents account for 9.9% of the population in Schenectady, NY, and this percentage has decreased by 7.5% 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 | 65.9% | -8.1% |
% Black | 11.4% | 20.0% |
% Hispanic | 9.5% | 31.9% |
% Asian | 4.5% | -30.8% |
% Foreign Born | 9.9% | -7.5% |
Mortgage and Risk — Schenectady, NY
According to HUD data as of 2023, there were 583 mortgage originations in Schenectady, NY, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 27.0% 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. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 583 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Schenectady, NY
As of 2024, the percent of homes in Schenectady, NY under the Section 8 program is 11.0%. 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 Schenectady, NY, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 456 |
Total Units Section 8 | 359 |
% Rentals under Section 8 | 11.0% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$170 | $1,280 | $1,110 |
| 2 Bedroom | -$260 | $1,600 | $1,340 |
| 3 Bedroom | $110 | $1,500 | $1,610 |
| 4 Bedroom | $480 | $1,300 | $1,780 |
Affordability — Schenectady, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $307,000 |
| Median Household Income | $77,600 |