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  1. Home
  2. /Browse ZIP Codes
  3. /New York
  4. /Albany, NY - 12211

Albany, NY—12211

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$493,000
5.0% YoY Growth
Household Income
$146,000
45.2% YoY Growth
Days on Market
14
11.0% Longer YoY
Home Price Forecast
2.5%
Median Rent
$4,500
10.9% YoY Growth
1-Bed Rent
$2,170
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$4,500
53.1% YoY Growth

Other Zip Codes in Albany, NY

12210122021220512209122061220312208
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Albany, NY

As of May '26, the median home price in Albany, NY is $493,000, with a year-over-year change of 5.0%. This indicates that home prices in Albany, NY are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$493,0005.0%
Single Family $494,0005.1%
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
    		$340,0003.0%
    3 Bed
    		$427,0005.2%
    4 Bed
    		$567,0005.4%
    5 Bed $852,1025.6%
    Loading chart...

    % of Housing Stock

    Studio
    1.5%
    1 Bedroom
    3.0%
    2 Bedrooms
    11.6%
    3 Bedrooms
    45.2%
    4 Bedrooms
    30.7%
    5+ Bedrooms
    8.1%

    Rental Trends — Albany, NY

    As of July '25, Rentcast reports the average rent in Albany, NY is $3,760, with a year-over-year rent change of 10.9%. Per bedroom, the median rent as of July '25 in Albany, NY is 1-bedrooms: $2,170, 3-bedrooms: $4,500, 4-bedrooms: $4,600. The most common rental property sizes in Albany, NY are 1-bedroom and 2-bedroom, accounting for 30.0% and 26.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$4,500$3,760
    Studio Rent N/AN/A
    1 Bed Rent $2,170$2,170
    2 Bed Rent N/AN/A
    3 Bed Rent $4,500$4,500
    4 Bed Rent $4,600$4,600
    Loading chart...

    % of Rental Stock

    Studio
    7.3%
    1 Bedroom
    30.0%
    2 Bedrooms
    26.9%
    3 Bedrooms
    14.0%
    4 Bedrooms
    20.7%
    5+ Bedrooms
    1.1%

    Property Listings — Albany, NY

    As of May '26, Realtor.com reports that the median days on market for a home in Albany, NY is 14. This is a increase of 11.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$594,000-7.0%
    Listing Count
    		29-37.0%
    Listings as % of Homes0.7%-37.0%
    Days on Market
    		1411.0%
    Loading chart...

    Demographics — Albany, NY

    As of the latest ACS Survey released in 2023, Albany, NY has a population of 13,800, which has increased by 28.3% over the past 5 years. Albany, NY is a moderately popular place for families, as children make up 19.6% of the population. The area has a highly educated workforce, with 58.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		13,80028.3%
    % Under 18
    		19.6%13.3%
    % Seniors
    		21.0%-18.9%
    % WFH
    		17.3%96.6%
    % w/ College Degree
    		58.7%6.9%
    Loading chart...

    As of the latest ACS Survey released in 2023, Albany, NY is a predominantly white area, with 74.0% of the population identifying as white. The white population has shrunk by 13.0% in the last 5 years. The second most common race or ethnicity in Albany, NY is asian, making up 9.9% of the population. Foreign-born residents account for 9.6% of the population in Albany, NY, and this percentage has increased by 6.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		74.0%-13.0%
    % Black
    		5.0%78.6%
    % Hispanic
    		6.7%235.0%
    % Asian
    		9.9%43.5%
    % Foreign Born
    		9.6%6.7%
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    Mortgage and Risk — Albany, NY

    According to HUD data as of 2023, there were 287 mortgage originations in Albany, NY, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Albany, NY. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		287
    % Conventional Loans
    		94.0%
    % Government Loans
    		6.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		10.0%
    Loading chart...
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    Rentals and Section 8 — Albany, NY

    Albany, NY lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		10
    Total Units Section 8
    		10
    % Rentals under Section 8
    		2.8%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$550$2,170$1,620
    2 BedroomN/AN/A$1,960
    3 Bedroom-$2,140$4,500$2,360
    4 Bedroom-$2,000$4,600$2,600

    Affordability — Albany, NY

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.8
    Median Home Price$493,000
    Median Household Income$146,000

    Albany, NY — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Menands, NY

    12204

    Albany, NY

    12206

    Albany, NY

    12210

    Yarbrough Homes, NY

    12207

    Latham, NY

    12110

    Frequently Asked Questions