Zip 12203 (Albany, NY) Housing

The housing market in 12203 Albany, NY is relatively strong, with the median value of a home being $275,900. This represents an 8.56% increase in one year, which is slightly higher than the national average of 8.27%. Additionally, this number is significantly lower than the US House Median Value of $338,100. Overall, this signifies that 12203 Albany, NY offers affordable housing options with a strong appreciation rate.

The median home cost in Albany (zip 12203) is $275,900. Home appreciation the last 10 years has been 48.3%. Home Appreciation in Albany (zip 12203) is up 11.1%.

Average Age of Homes

- The median age of Albany (zip 12203) real estate is 61 years old

The Rental Market in Albany (zip 12203)

- Renters make up 45.4% of the Albany (zip 12203) population
- 2.0% of houses and apartments in Albany (zip 12203), 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, New York	United States
	14,826.0	139,647,020.0
	63	42
	$275,900	$338,100
	11.1%	16.6%
	37.8%	57.0%
	48.3%	101.1%
	$20.56	$10.98
	$5,761	$2,690
	46.5%	57.4%
	7.2%	11.2%
	46.3%	31.4%
Vacant Housing
	2.0%	1.9%
	0.5%	0.4%
	0.6%	0.7%
	0.1%	0.4%
	0.3%	3.6%
	3.9%	4.1%
Value of Owner-Occupied Housing
	0.4%	2.6%
	0.5%	2.4%
	0.0%	2.8%
	0.1%	3.9%
	1.1%	4.5%
	8.6%	11.3%
	25.5%	13.0%
	44.0%	20.1%
	12.3%	13.6%
	3.0%	8.3%
	3.3%	9.7%
	1.0%	3.9%
	0.0%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.4%	13.6%
	2.4%	13.6%
	5.6%	13.6%
	11.9%	13.2%
	13.3%	14.8%
	5.6%	13.6%
	18.4%	10.0%
	9.6%	4.7%
	25.8%	12.2%

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