Home / Select Cities  /  2024 Comparing Richmond, VA vs. Albany, NY

2024 Compare Cities Housing:
Richmond, VA vs Albany, NY

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Highlights
- The median age of a home in Richmond is 19.0% younger than the median age of a home in Albany.

Housing
 Richmond, VAAlbany, NYUnited States
 Median Home Age637542
 Median Home Cost$327,100$253,100$338,100
 Home Appr. Last 12 months15.2%11.1%16.6%
 Home Appr. Last 5 yrs.57.5%37.8%57.0%
 Home Appr. Last 10 yrs.93.9%48.3%101.1%
 Property Tax Rate$9.5$20.6$11.0
 Homes Owned38.9%32.6%57.4%
 Housing Vacant10.3%14.5%11.2%
 Homes Rented50.8%52.9%31.4%
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 Avg Rent For Home Or Apartment
 Richmond, VAAlbany, NYUnited States
 Average Rent$1,680$1,590$1,840
 Studio Apartment$1,140$980$1,080
 1 Bedroom Home or Apartment$1,170$1,090$1,180
 2 Bedroom Home or Apartment$1,320$1,320$1,430
 3 Bedroom Home or Apartment$1,710$1,610$1,860
 4 Bedroom Home or Apartment$2,080$1,780$2,160
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 Vacant Housing
 Richmond, VAAlbany, NYUnited States
 Vacant For Rent2.9%4.0%1.9%
 Vacant Rented1.3%0.8%0.4%
 Vacant For Sale0.6%1.0%0.7%
 Vacant Sold0.6%0.3%0.4%
 Vacant Vacation0.3%0.3%3.6%
 Vacant Other4.6%8.1%4.1%
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 Owner-Occupied Housing Value
 Richmond, VAAlbany, NYUnited States
 Less Than $20,0001.1%2.2%2.6%
 $20,000 to $39,9990.4%1.0%2.4%
 $40,000 to $59,9990.9%0.9%2.8%
 $60,000 to $79,9992.9%4.6%3.9%
 $80,000 to $99,9994.2%4.9%4.5%
 $100,000 to $149,99911.4%16.0%11.3%
 $150,000 to $199,99915.1%26.2%13.0%
 $200,000 to $299,99921.0%33.9%20.1%
 $300,000 to $399,99916.5%7.0%13.6%
 $400,000 to $499,9998.6%1.0%8.3%
 $500,000 to $749,99910.3%1.2%9.7%
 $750,000 to $999,9993.9%0.6%3.9%
 $1,000,000 to $1,499,9992.3%0.2%2.2%
 $1,500,000 to $1,999,9990.7%0.1%0.8%
 $2,000,000 and over0.8%0.1%1.1%
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 Housing Units By Year Built
 Richmond, VAAlbany, NYUnited States
 2015 and Newer0.1%0.0%0.2%
 2010 to 20145.3%1.6%13.6%
 2000 to 20095.3%1.6%13.6%
 1990 to 19995.8%4.2%13.6%
 1980 to 19897.1%6.8%13.2%
 1970 to 19799.9%9.4%14.8%
 1960 to 19695.8%4.2%13.6%
 1950 to 195914.7%11.5%10.0%
 1940 to 19499.1%7.7%4.7%
 1939 or Earlier29.6%45.6%12.2%

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Reviews for Richmond    109 Reviews

Over 2 years ago

Lived here for a year and it’s not perfect but it’s constantly improving now (areas redevloped, more businesses, job growth). Cost of living is great compared to  More

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Over 3 years ago

We love Richmond so much that when we talk about where we'd like to live if we could live anywhere in the US, we always come back to RVA. We live in the city proper  More

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Over 3 years ago

I'm an out-of-towner but am coming up on 1 year in Richmond. I would summarize it this way: the best thing and the worst thing about Richmond is its location. I'll  More

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Reviews for Albany    56 Reviews

Over 2 years ago

I live relatively close to Albany, and I gotta say, its a great city. I think it has a lot of good places for food, good living spaces, nice jobs and offices, and I  More

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Over 4 years ago

I’ve lived just outside of Albany in Clifton Park and its always been decent for me. The town is nice and theres a lot to do. The prices are a little expensive including  More

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Over 4 years ago

Good place to retire. Walkable. Young people. Buses. Sidewalks. Feel safe here in Whitehall neighborhood. Plenty to do. Taxes in ny are high,but you get what you pay  More

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ZIPS IN RICHMOND, VIRGINIA
23223, 23225, 23224, 23220, 23227, 23222, 23226, 23221, 23230, 23219, 11 total
ZIPS IN ALBANY, NEW YORK
12203 12208 12206 12209 12210 12202 12222 12207

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