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Albany, CA—94706

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$1,182,000
2.4% YoY Growth
Household Income
$137,000
49.5% YoY Growth
Days on Market
84
24.0% Shorter YoY
Home Price Forecast
-0.9%
Median Rent
$3,000
5.1% YoY Growth
1-Bed Rent
$2,000
1.0% YoY Growth
2-Bed Rent
$3,000
2.4% YoY Growth
3-Bed Rent
$4,000
0.0% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Albany, CA

As of Dec '25, the median home price in Albany, CA is $1,182,000, with a year-over-year change of -2.4%. This indicates that home prices in Albany, CA are decreasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$1,182,000-2.4%
Single Family $1,289,000-0.9%
Condos $511,000-11.1%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $445,000
    -11.7%
    2 Bed
    		$967,000-3.0%
    3 Bed
    		$1,385,000-1.1%
    4 Bed
    		$1,644,0000.4%
    5 Bed $1,761,932-1.2%
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    % of Housing Stock

    Studio
    1.9%
    1 Bedroom
    14.7%
    2 Bedrooms
    48.5%
    3 Bedrooms
    24.3%
    4 Bedrooms
    9.5%
    5+ Bedrooms
    1.2%

    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.

    TypeMedian RentAverage 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/AN/A
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    % of Rental Stock

    Studio
    4.0%
    1 Bedroom
    24.7%
    2 Bedrooms
    58.4%
    3 Bedrooms
    11.6%
    4 Bedrooms
    1.3%
    5+ Bedrooms
    0.1%

    Property Listings — Albany, CA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Albany, CA is 38. This is a decrease of -33.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$628,00031.0%
    Listing Count
    		16-1.0%
    Listings as % of Homes0.1%-1.0%
    Days on Market
    		84-24.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$200$2,000$2,200
    2 Bedroom-$320$3,000$2,680
    3 Bedroom-$570$4,000$3,430
    4 BedroomN/AN/A$4,070

    Affordability — Albany, CA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio8.6
    Median Home Price$1,182,000
    Median Household Income$137,000

    Albany, CA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    94707

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    94710

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    94702

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    94530

    Berkeley, CA

    94709

    Frequently Asked Questions