Rensselaer, NY—12144
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rensselaer, NY
As of Oct '25, the median home price in Rensselaer, NY is $304,000, with a year-over-year change of 5.0%. This indicates that home prices in Rensselaer, NY are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $304,000 | 5.0% |
| Single Family | $305,000 | 4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $256,000 | 5.3% |
3 Bed | $310,000 | 4.4% |
4 Bed | $387,000 | 4.6% |
| 5 Bed | $387,000 | 4.9% |
% of Housing Stock
Rental Trends — Rensselaer, NY
As of July '25, Rentcast reports the average rent in Rensselaer, NY is $1,710, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Rensselaer, NY is studios: $768, 1-bedrooms: $1,360, 2-bedrooms: $1,680, 3-bedrooms: $2,180, 4-bedrooms: $2,760. The most common rental property sizes in Rensselaer, NY are 2-bedroom and 1-bedroom, accounting for 43.1% and 34.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,710 |
| Studio Rent | $550 | $768 |
| 1 Bed Rent | $1,300 | $1,360 |
| 2 Bed Rent | $1,650 | $1,680 |
| 3 Bed Rent | $2,000 | $2,180 |
| 4 Bed Rent | $2,200 | $2,760 |
% of Rental Stock
Property Listings — Rensselaer, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Rensselaer, NY is 36. This is a increase of 4.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $304,000 | 22.0% |
Listing Count | 84 | 32.0% |
| Listings as % of Homes | 0.3% | 32.0% |
Days on Market | 36 | 4.0% |
Demographics — Rensselaer, NY
As of the latest ACS Survey released in 2023, Rensselaer, NY has a population of 21,600, which has increased by 6.7% over the past 5 years. Rensselaer, NY is a moderately popular place for families, as children make up 18.9% of the population. The area has a moderately educated workforce, with 38.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,600 | 6.7% |
% Under 18 | 18.9% | -8.3% |
% Seniors | 17.0% | -3.4% |
% WFH | 12.2% | 388.0% |
% w/ College Degree | 38.3% | 11.0% |
As of the latest ACS Survey released in 2023, Rensselaer, NY is a predominantly white area, with 75.7% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Rensselaer, NY is asian, making up 6.8% of the population. Foreign-born residents account for 7.4% of the population in Rensselaer, NY, and this percentage has increased by 10.4% 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 | 75.7% | -6.9% |
% Black | 5.9% | 43.9% |
% Hispanic | 6.0% | 17.6% |
% Asian | 6.8% | 36.0% |
% Foreign Born | 7.4% | 10.4% |
Mortgage and Risk — Rensselaer, NY
According to HUD data as of 2023, there were 414 mortgage originations in Rensselaer, NY, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Rensselaer, 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 | 414 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Rensselaer, NY
As of 2024, the percent of homes in Rensselaer, NY under the Section 8 program is 8.8%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Rensselaer, NY, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 512 |
Total Units Section 8 | 342 |
% Rentals under Section 8 | 8.8% |
% Occupied Section 8 | 88.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $1,300 | $1,320 |
| 2 Bedroom | -$50 | $1,650 | $1,600 |
| 3 Bedroom | -$70 | $2,000 | $1,930 |
| 4 Bedroom | -$80 | $2,200 | $2,120 |
Affordability — Rensselaer, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $304,000 |
| Median Household Income | $88,400 |