Albany, CA—94706
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Albany, CA
As of Oct '25, the median home price in Albany, CA is $1,188,000, with a year-over-year change of -3.2%. This indicates that home prices in Albany, CA are decreasing. According to Zillow, the 1-year price projection is -1.8%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,188,000 | -3.2% |
| Single Family | $1,291,000 | -2.1% |
| Condos | $514,000 | -11.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $451,000 | -11.9% |
2 Bed | $980,000 | -4.4% |
3 Bed | $1,387,000 | -2.2% |
4 Bed | $1,648,000 | -0.3% |
| 5 Bed | $1,769,000 | -1.3% |
% of Housing Stock
Rental Trends — Albany, CA
As of July '25, Rentcast reports the average rent in Albany, CA is $2,960, with a year-over-year rent change of -5.1%. Per bedroom, the median rent as of July '25 in Albany, CA is studios: $2,150, 1-bedrooms: $2,060, 2-bedrooms: $3,000, 3-bedrooms: $4,240. The most common rental property sizes in Albany, CA are 2-bedroom and 1-bedroom, accounting for 58.4% and 24.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $2,960 |
| Studio Rent | $2,100 | $2,150 |
| 1 Bed Rent | $2,000 | $2,060 |
| 2 Bed Rent | $3,000 | $3,000 |
| 3 Bed Rent | $4,000 | $4,240 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Albany, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Albany, CA is 30. This is a decrease of -19.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $892,000 | 29.0% |
Listing Count | 29 | -22.0% |
| Listings as % of Homes | 0.1% | -22.0% |
Days on Market | 30 | -19.0% |
Demographics — Albany, CA
As of the latest ACS Survey released in 2023, Albany, CA has a population of 20,500, which has decreased by -2.6% over the past 5 years. Albany, CA is a moderately popular place for families, as children make up 22.6% of the population. The area has a highly educated workforce, with 76.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 32.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,500 | -2.6% |
% Under 18 | 22.6% | -12.7% |
% Seniors | 14.0% | 28.4% |
% WFH | 32.8% | 300.0% |
% w/ College Degree | 76.7% | 2.4% |
As of the latest ACS Survey released in 2023, Albany, CA is a predominantly white area, with 44.4% of the population identifying as white. The white population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in Albany, CA is asian, making up 28.6% of the population. Foreign-born residents account for 25.5% of the population in Albany, CA, and this percentage has decreased by 18.8% 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 | 44.4% | -5.1% |
% Black | 3.9% | 62.5% |
% Hispanic | 12.8% | 0.0% |
% Asian | 28.6% | -2.1% |
% Foreign Born | 25.5% | -18.8% |
Mortgage and Risk — Albany, CA
According to HUD data as of 2023, there were 142 mortgage originations in Albany, CA, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Albany, CA. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 142 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Albany, CA
Albany, CA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 27 |
Total Units Section 8 | 27 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $200 | $2,000 | $2,200 |
| 2 Bedroom | -$320 | $3,000 | $2,680 |
| 3 Bedroom | -$570 | $4,000 | $3,430 |
| 4 Bedroom | N/A | N/A | $4,070 |
Affordability — Albany, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.7 |
| Median Home Price | $1,188,000 |
| Median Household Income | $137,000 |