The housing market in 12207 Albany, NY is performing well above the national average. The median value of a house in this area is $219,900, which is significantly lower than the U.S. median house value at $338,100. Despite the lower cost of housing in 12207 Albany, NY, it has seen an 8.56% appreciation in its homes over the past year while the U.S. only saw a 8.27% increase over that same time period. This shows that housing in 12207 Albany, NY is a great investment and should continue to be a stable part of the local economy for years to come.
The median home cost in Albany (zip 12207) is $219,900. Home appreciation the last 10 years has been 48.3%. Home Appreciation in Albany (zip 12207) is up 11.1%.
Average Age of Homes
- The median age of Albany (zip 12207) real estate is 49 years old
The Rental Market in Albany (zip 12207)
- Renters make up 76.8% of the Albany (zip 12207) population
- 4.7% of houses and apartments in Albany (zip 12207), 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.