Zip 12208 (Albany, NY) Housing

The housing market in 12208 Albany, NY is performing very favorably compared to the national median value. The median value of homes in 12208 is $266,000 - much lower than the US house median value of $338,100. However, the 1 year house appreciation rate for 12208 is 8.56%, which surpasses the national average of 8.27%. This indicates that homes in this area are increasing in value faster than average and could be a great investment for prospective buyers.

The median home cost in Albany (zip 12208) is $266,000. Home appreciation the last 10 years has been 48.3%. Home Appreciation in Albany (zip 12208) is up 11.1%.

Average Age of Homes

- The median age of Albany (zip 12208) real estate is 72 years old

The Rental Market in Albany (zip 12208)

- Renters make up 46.3% of the Albany (zip 12208) population
- 4.1% of houses and apartments in Albany (zip 12208), 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
	11,074.0	139,647,020.0
	68	42
	$266,000	$338,100
	11.1%	16.6%
	37.8%	57.0%
	48.3%	101.1%
	$20.56	$10.98
	$5,936	$2,690
	42.9%	57.4%
	10.8%	11.2%
	46.3%	31.4%
Vacant Housing
	4.1%	1.9%
	1.5%	0.4%
	0.0%	0.7%
	0.9%	0.4%
	0.1%	3.6%
	4.2%	4.1%
Value of Owner-Occupied Housing
	0.6%	2.6%
	1.0%	2.4%
	0.6%	2.8%
	0.7%	3.9%
	0.3%	4.5%
	14.4%	11.3%
	23.1%	13.0%
	48.9%	20.1%
	9.0%	13.6%
	0.2%	8.3%
	0.1%	9.7%
	0.8%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	1.5%	13.6%
	1.5%	13.6%
	3.0%	13.6%
	8.0%	13.2%
	8.7%	14.8%
	3.0%	13.6%
	14.7%	10.0%
	8.1%	4.7%
	38.1%	12.2%

Reviews for Albany

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Amy · Albany, NY

Convenient, walkable neighborhood also on bus line

Over 15 years ago

This is a great neighborhood if you like having walkable access to a variety of stores/services. Between two hospitals, there are banks, restaurants, a library, post More