Schenectady, NY—12307
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 $166,000, with a year-over-year change of 1.0%. This indicates that home prices in Schenectady, NY are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $166,000 | 1.0% |
| Single Family | $166,000 | 1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $129,000 | 0.8% |
3 Bed | $153,000 | 0.7% |
4 Bed | $176,000 | 3.5% |
| 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 $1,340, 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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,340 |
| Studio Rent | N/A | N/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 |
% 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 44. This is a decrease of -54.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $206,000 | -16.0% |
Listing Count | 17 | 91.0% |
| Listings as % of Homes | 0.3% | 91.0% |
Days on Market | 44 | -54.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,980 | 30.4% |
% Under 18 | 27.1% | -4.2% |
% Seniors | 9.6% | 4.3% |
% WFH | 7.2% | 1,100.0% |
% w/ College Degree | 13.7% | 11.4% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $166,000 |
| Median Household Income | $33,200 |