Schenectady, NY—12305
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 $268,000, with a year-over-year change of -2.9%. This indicates that home prices in Schenectady, NY are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $268,000 | -2.9% |
| Single Family | $277,000 | -2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Schenectady, NY
As of July '25, Rentcast reports the average rent in Schenectady, NY is $1,430, with a year-over-year rent change of 5.1%. Per bedroom, the median rent as of July '25 in Schenectady, NY is studios: $1,140, 1-bedrooms: $1,420, 2-bedrooms: $1,750, 3-bedrooms: $2,220, 4-bedrooms: $842. The most common rental property sizes in Schenectady, NY are 1-bedroom and 2-bedroom, accounting for 43.0% and 32.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,430 |
| Studio Rent | $1,200 | $1,140 |
| 1 Bed Rent | $1,400 | $1,420 |
| 2 Bed Rent | $1,750 | $1,750 |
| 3 Bed Rent | $1,950 | $2,220 |
| 4 Bed Rent | $842 | $842 |
% 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 39. This is a decrease of -18.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $410,000 | 12.0% |
Listing Count | 6 | -49.0% |
| Listings as % of Homes | 0.3% | -49.0% |
Days on Market | 39 | -18.0% |
Demographics — Schenectady, NY
As of the latest ACS Survey released in 2023, Schenectady, NY has a population of 7,760, which has increased by 53.5% over the past 5 years. Schenectady, NY is a less popular place for families, as children make up 5.8% of the population. The area has a moderately educated workforce, with 33.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,760 | 53.5% |
% Under 18 | 5.8% | -18.3% |
% Seniors | 11.2% | 1.8% |
% WFH | 8.8% | 183.9% |
% w/ College Degree | 33.7% | 13.5% |
As of the latest ACS Survey released in 2023, Schenectady, NY is a predominantly white area, with 58.9% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Schenectady, NY is black, making up 20.0% of the population. Foreign-born residents account for 10.3% of the population in Schenectady, NY, and this percentage has increased by 63.5% 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 | 58.9% | -1.7% |
% Black | 20.0% | -12.7% |
% Hispanic | 10.0% | 4.2% |
% Asian | 2.4% | -36.8% |
% Foreign Born | 10.3% | 63.5% |
Mortgage and Risk — Schenectady, NY
According to HUD data as of 2023, there were 24 mortgage originations in Schenectady, NY, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Schenectady, NY. Investor activity is high, as 21.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 24 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 21.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Schenectady, NY
As of 2024, the percent of homes in Schenectady, NY under the Section 8 program is 4.1%. 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. 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 and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 592 |
Total Units Section 8 | 137 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$380 | $1,400 | $1,020 |
| 2 Bedroom | -$510 | $1,750 | $1,240 |
| 3 Bedroom | -$450 | $1,950 | $1,500 |
| 4 Bedroom | $808 | $842 | $1,650 |
Affordability — Schenectady, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $268,000 |
| Median Household Income | $50,300 |