The housing market in Schenectady, NY has been steadily increasing over the last year. The median value of a home in the city is currently $245,400, which is slightly lower than the US House Median Value of $338,100. However, the 1-year house appreciation rate for Schenectady is 11.32%, which is higher than the US average of 8.27%. This shows that investing in real estate in this area could be a worthwhile option for potential buyers or investors.
The median home cost in Schenectady is $245,400. Home appreciation the last 10 years has been 47.5%. Home Appreciation in Schenectady is up 11.2%.
Average Age of Homes
- The median age of Schenectady real estate is 78 years old
The Rental Market in Schenectady
- Renters make up 40.6% of the Schenectady population
- 1.8% of houses and apartments in Schenectady, 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.