Schenectady, NY—12309
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 $394,000, with a year-over-year change of 3.4%. This indicates that home prices in Schenectady, NY are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $394,000 | 3.4% |
| Single Family | $395,000 | 3.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $268,000 | 3.1% |
3 Bed | $345,000 | 2.7% |
4 Bed | $469,000 | 4.5% |
| 5 Bed | $532,000 | 3.7% |
% of Housing Stock
Rental Trends — Schenectady, NY
As of July '25, Rentcast reports the average rent in Schenectady, NY is $2,100, with a year-over-year rent change of 10.5%. Per bedroom, the median rent as of July '25 in Schenectady, NY is studios: $1,200, 1-bedrooms: $1,610, 2-bedrooms: $2,300, 3-bedrooms: $2,380, 4-bedrooms: $2,830. The most common rental property sizes in Schenectady, NY are 2-bedroom and 1-bedroom, accounting for 36.0% and 34.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,320 | $2,100 |
| Studio Rent | $1,200 | $1,200 |
| 1 Bed Rent | $1,750 | $1,610 |
| 2 Bed Rent | $2,320 | $2,300 |
| 3 Bed Rent | $2,400 | $2,380 |
| 4 Bed Rent | $2,300 | $2,830 |
% 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 52. This is a decrease of -29.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $446,000 | -4.0% |
Listing Count | 122 | 19.0% |
| Listings as % of Homes | 0.7% | 19.0% |
Days on Market | 52 | -29.0% |
Demographics — Schenectady, NY
As of the latest ACS Survey released in 2023, Schenectady, NY has a population of 33,000, which has increased by 8.6% over the past 5 years. Schenectady, NY is a moderately popular place for families, as children make up 24.8% of the population. The area has a highly educated workforce, with 59.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,000 | 8.6% |
% Under 18 | 24.8% | 5.1% |
% Seniors | 19.4% | 4.9% |
% WFH | 16.8% | 265.2% |
% w/ College Degree | 59.0% | 4.4% |
As of the latest ACS Survey released in 2023, Schenectady, NY is a predominantly white area, with 75.9% of the population identifying as white. The white population has shrunk by 7.3% in the last 5 years. The second most common race or ethnicity in Schenectady, NY is asian, making up 9.1% of the population. Foreign-born residents account for 10.7% of the population in Schenectady, NY, and this percentage has decreased by 17.7% 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 | 75.9% | -7.3% |
% Black | 4.0% | -20.0% |
% Hispanic | 5.1% | 96.2% |
% Asian | 9.1% | 16.7% |
% Foreign Born | 10.7% | -17.7% |
Mortgage and Risk — Schenectady, NY
According to HUD data as of 2023, there were 774 mortgage originations in Schenectady, NY, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 22.0% 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. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 774 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Schenectady, NY
As of 2024, the percent of homes in Schenectady, NY under the Section 8 program is 6.2%. 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 | 146 |
Total Units Section 8 | 140 |
% Rentals under Section 8 | 6.2% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$370 | $1,750 | $1,380 |
| 2 Bedroom | -$650 | $2,320 | $1,670 |
| 3 Bedroom | -$390 | $2,400 | $2,010 |
| 4 Bedroom | -$90 | $2,300 | $2,210 |
Affordability — Schenectady, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $394,000 |
| Median Household Income | $120,000 |