Schenectady, NY—12304
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 $247,000, with a year-over-year change of 3.9%. This indicates that home prices in Schenectady, NY are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $247,000 | 3.9% |
| Single Family | $247,000 | 3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $208,000 | 4.0% |
3 Bed | $250,000 | 3.7% |
4 Bed | $279,000 | 3.0% |
| 5 Bed | $292,000 | 2.1% |
% of Housing Stock
Rental Trends — Schenectady, NY
As of July '25, Rentcast reports the average rent in Schenectady, NY is $1,540, with a year-over-year rent change of 2.0%. Per bedroom, the median rent as of July '25 in Schenectady, NY is 1-bedrooms: $1,190, 2-bedrooms: $1,680, 3-bedrooms: $1,640. The most common rental property sizes in Schenectady, NY are 2-bedroom and 1-bedroom, accounting for 37.7% and 30.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,540 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,250 | $1,190 |
| 2 Bed Rent | $1,600 | $1,680 |
| 3 Bed Rent | $1,500 | $1,640 |
| 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 45. This is a increase of 43.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $255,000 | 0.0% |
Listing Count | 59 | -5.0% |
| Listings as % of Homes | 0.7% | -5.0% |
Days on Market | 45 | 43.0% |
Demographics — Schenectady, NY
As of the latest ACS Survey released in 2023, Schenectady, NY has a population of 22,000, which has decreased by -3.5% over the past 5 years. Schenectady, NY is a moderately popular place for families, as children make up 21.3% of the population. The area has a poorly educated workforce, with 24.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,000 | -3.5% |
% Under 18 | 21.3% | 3.9% |
% Seniors | 19.5% | 16.1% |
% WFH | 8.9% | 178.1% |
% w/ College Degree | 24.8% | 24.0% |
As of the latest ACS Survey released in 2023, Schenectady, NY is a predominantly white area, with 52.2% of the population identifying as white. The white population has shrunk by 7.1% in the last 5 years. The second most common race or ethnicity in Schenectady, NY is black, making up 18.1% of the population. Foreign-born residents account for 15.7% of the population in Schenectady, NY, and this percentage has increased by 1.3% 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 | 52.2% | -7.1% |
% Black | 18.1% | -3.2% |
% Hispanic | 8.8% | -20.0% |
% Asian | 9.8% | 84.9% |
% Foreign Born | 15.7% | 1.3% |
Mortgage and Risk — Schenectady, NY
According to HUD data as of 2023, there were 308 mortgage originations in Schenectady, NY, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 30.0% 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. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 308 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
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 | 849 |
Total Units Section 8 | 547 |
% Rentals under Section 8 | 15.7% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$130 | $1,250 | $1,120 |
| 2 Bedroom | -$240 | $1,600 | $1,360 |
| 3 Bedroom | $140 | $1,500 | $1,640 |
| 4 Bedroom | N/A | N/A | $1,800 |
Affordability — Schenectady, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $247,000 |
| Median Household Income | $67,700 |