Albany-Schenectady-Troy Metro Area, NY Housing

The housing in Albany-Schenectady-Troy, NY Metro Area is quite desirable. The median value of homes in the area is $294,600, which is lower than the national median value of $338,100. In addition, the house appreciation in this area over the last year has been an impressive 10.63%, slightly higher than the national appreciation rate of 8.27%. There is strong demand for housing in this area and it looks to be a great investment opportunity.

The median home cost in Albany-Schenectady-Troy Metro Area is $294,600. Home appreciation the last 10 years has been 50.6%. Home Appreciation in Albany-Schenectady-Troy Metro Area is up 11.8%.

Average Age of Homes

- The median age of Albany-Schenectady-Troy Metro Area real estate is 53 years old

The Rental Market in Albany-Schenectady-Troy Metro Area

- Renters make up 30.6% of the Albany-Schenectady-Troy Metro Area population
- 1.8% of houses and apartments in Albany-Schenectady-Troy Metro Area, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Albany-Schenectady-Troy, New York	United States
	415,620.0	139,647,020.0
	54	42
	$294,600	$338,100
	11.8%	16.6%
	41.9%	57.0%
	50.6%	101.1%
	$21.42	$10.98
	$4,701	$2,690
	56.8%	57.4%
	11.4%	11.2%
	31.8%	31.4%
Vacant Housing
	1.8%	1.9%
	0.4%	0.4%
	0.7%	0.7%
	0.4%	0.4%
	2.8%	3.6%
	5.4%	4.1%
Value of Owner-Occupied Housing
	1.9%	2.6%
	1.3%	2.4%
	1.2%	2.8%
	2.4%	3.9%
	3.5%	4.5%
	11.6%	11.3%
	18.7%	13.0%
	30.8%	20.1%
	16.1%	13.6%
	6.4%	8.3%
	4.1%	9.7%
	1.2%	3.9%
	0.5%	2.2%
	0.2%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	8.1%	13.6%
	8.1%	13.6%
	9.7%	13.6%
	10.8%	13.2%
	11.9%	14.8%
	9.7%	13.6%
	10.9%	10.0%
	5.5%	4.7%
	27.0%	12.2%

Reviews for Albany-Schenectady-Troy

See all (1)

Write a Review

Matthew · Saratoga Springs, NY

A great place to be

Over 5 years ago

I've lived here all my life, many people see the Albany metro area as a cold and boring place to be, but really it couldn't be anything farther from that. Each city and More

| Reply

Start Your Review of Albany-Schenectady-Troy

See all reviews

Commute