View in Interactive Map

Schenectady, NY—12307

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$180,000
9.3% YoY Growth
Household Income
$33,200
52.8% YoY Growth
Days on Market
18
28.0% Shorter YoY
Home Price Forecast
2.3%
Median Rent
$1,200
3.6% YoY Growth
1-Bed Rent
$950
2.9% YoY Growth
2-Bed Rent
$1,150
16.7% YoY Growth
3-Bed Rent
$1,700
16.7% YoY Growth

Other Zip Codes in Schenectady, NY

12308123021230912306123041230512303
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Schenectady, NY

As of May '26, the median home price in Schenectady, NY is $180,000, with a year-over-year change of 9.3%. This indicates that home prices in Schenectady, NY are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$180,0009.3%
Single Family $180,0009.1%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$144,00010.8%
    3 Bed
    		$166,0008.5%
    4 Bed
    		$188,0007.4%
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    Studio
    5.5%
    1 Bedroom
    16.6%
    2 Bedrooms
    27.8%
    3 Bedrooms
    38.7%
    4 Bedrooms
    6.0%
    5+ Bedrooms
    5.3%

    Rental Trends — Schenectady, NY

    As of July '25, Rentcast reports the average rent in Schenectady, NY is $1,340, with a year-over-year rent change of -3.6%. Per bedroom, the median rent as of July '25 in Schenectady, NY is 1-bedrooms: $1,080, 2-bedrooms: $1,100, 3-bedrooms: $1,750, 4-bedrooms: $1,550. The most common rental property sizes in Schenectady, NY are 3-bedroom and 1-bedroom, accounting for 35.9% and 24.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,200$1,340
    Studio Rent N/AN/A
    1 Bed Rent $950$1,080
    2 Bed Rent $1,150$1,100
    3 Bed Rent $1,700$1,750
    4 Bed Rent $1,500$1,550
    Loading chart...

    % of Rental Stock

    Studio
    6.1%
    1 Bedroom
    24.8%
    2 Bedrooms
    23.9%
    3 Bedrooms
    35.9%
    4 Bedrooms
    6.1%
    5+ Bedrooms
    3.2%

    Property Listings — Schenectady, NY

    As of May '26, Realtor.com reports that the median days on market for a home in Schenectady, NY is 18. This is a decrease of -28.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$139,000185.0%
    Listing Count
    		14-6.0%
    Listings as % of Homes0.3%-6.0%
    Days on Market
    		18-28.0%
    Loading chart...

    Demographics — Schenectady, NY

    As of the latest ACS Survey released in 2023, Schenectady, NY has a population of 7,980, which has increased by 30.4% over the past 5 years. Schenectady, NY is a popular place for families, as children make up 27.1% of the population. The area has a poorly educated workforce, with 13.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		7,98030.4%
    % Under 18
    		27.1%-4.2%
    % Seniors
    		9.6%4.3%
    % WFH
    		7.2%1,100.0%
    % w/ College Degree
    		13.7%11.4%
    Loading chart...

    As of the latest ACS Survey released in 2023, Schenectady, NY is a predominantly black area, with 29.7% of the population identifying as black. The black population has shrunk by 42.1% in the last 5 years. The second most common race or ethnicity in Schenectady, NY is hispanic, making up 24.6% of the population. Foreign-born residents account for 32.1% of the population in Schenectady, NY, and this percentage has increased by 25.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		19.1%-20.7%
    % Black
    		29.7%-42.1%
    % Hispanic
    		24.6%121.6%
    % Asian
    		12.0%421.7%
    % Foreign Born
    		32.1%25.4%
    Loading chart...

    Mortgage and Risk — Schenectady, NY

    According to HUD data as of 2023, there were 41 mortgage originations in Schenectady, NY, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Schenectady, NY. Investor activity is high, as 17.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		41
    % Conventional Loans
    		78.0%
    % Government Loans
    		22.0%
    % Investor Loans
    		17.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		5.0%
    Loading chart...
    Loading chart...

    Rentals and Section 8 — Schenectady, NY

    As of 2024, the percent of homes in Schenectady, NY under the Section 8 program is 26.4%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-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 3-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		594
    Total Units Section 8
    		594
    % Rentals under Section 8
    		26.4%
    % Occupied Section 8
    		90.7%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$160$950$1,110
    2 Bedroom$190$1,150$1,340
    3 Bedroom-$90$1,700$1,610
    4 Bedroom$280$1,500$1,780

    Affordability — Schenectady, NY

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.9
    Median Home Price$180,000
    Median Household Income$33,200

    Schenectady, NY — ZIP Code Boundary Map

    Loading map...

    Nearby ZIP Codes

    Schenectady, NY

    12305

    Schenectady, NY

    12308

    Schenectady, NY

    12304

    Alplaus, NY

    12008

    Schenectady, NY

    12303

    Frequently Asked Questions