Schenectady, NY—12306
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 $284,000, with a year-over-year change of 5.4%. 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 | $284,000 | 5.4% |
| Single Family | $284,000 | 5.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $231,000 | 6.9% |
3 Bed | $284,000 | 5.6% |
4 Bed | $358,000 | 5.6% |
| 5 Bed | $368,000 | 5.1% |
% 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 5.1%. Per bedroom, the median rent as of July '25 in Schenectady, NY is studios: $795, 1-bedrooms: $1,240, 2-bedrooms: $1,540, 3-bedrooms: $2,210, 4-bedrooms: $2,750. The most common rental property sizes in Schenectady, NY are 2-bedroom and 1-bedroom, accounting for 45.4% and 34.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,480 | $1,650 |
| Studio Rent | $795 | $795 |
| 1 Bed Rent | $1,400 | $1,240 |
| 2 Bed Rent | $1,450 | $1,540 |
| 3 Bed Rent | $2,000 | $2,210 |
| 4 Bed Rent | $2,750 | $2,750 |
% 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 55. This is a increase of 13.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $370,000 | 33.0% |
Listing Count | 151 | 17.0% |
| Listings as % of Homes | 0.9% | 17.0% |
Days on Market | 55 | 13.0% |
Demographics — Schenectady, NY
As of the latest ACS Survey released in 2023, Schenectady, NY has a population of 27,600, which has increased by 3.6% 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 28.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,600 | 3.6% |
% Under 18 | 21.6% | 6.9% |
% Seniors | 16.5% | -3.5% |
% WFH | 10.6% | 404.8% |
% w/ College Degree | 28.5% | 9.6% |
As of the latest ACS Survey released in 2023, Schenectady, NY is a predominantly white area, with 78.2% of the population identifying as white. The white population has shrunk by 8.6% in the last 5 years. The second most common race or ethnicity in Schenectady, NY is black, making up 7.6% of the population. Foreign-born residents account for 6.5% of the population in Schenectady, NY, and this percentage has decreased by 4.4% 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 | 78.2% | -8.6% |
% Black | 7.6% | 65.2% |
% Hispanic | 6.8% | 44.7% |
% Asian | 2.9% | 20.8% |
% Foreign Born | 6.5% | -4.4% |
Mortgage and Risk — Schenectady, NY
According to HUD data as of 2023, there were 599 mortgage originations in Schenectady, NY, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Schenectady, NY. Investor activity is low, as 2.0% 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 | 599 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Schenectady, NY
As of 2024, the percent of homes in Schenectady, NY under the Section 8 program is 8.6%. 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. In Schenectady, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 292 |
Total Units Section 8 | 292 |
% Rentals under Section 8 | 8.6% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$270 | $1,400 | $1,130 |
| 2 Bedroom | -$80 | $1,450 | $1,370 |
| 3 Bedroom | -$350 | $2,000 | $1,650 |
| 4 Bedroom | -$930 | $2,750 | $1,820 |
Affordability — Schenectady, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $284,000 |
| Median Household Income | $80,600 |