Albany, NY is a great place for those looking to invest in real estate. According to the data provided, the median value of a house in Albany is $227,300, which is lower than the US House Median Value of $338,100. This price-point may be appealing for potential buyers. Furthermore, houses in Albany have appreciated 8.56% over the past year, which is slightly higher than the national average of 8.27%. With such market conditions, Albany appears to be an attractive option for prospective homebuyers and investors alike.
The median home cost in Albany (zip 12210) is $227,300. Home appreciation the last 10 years has been 48.3%. Home Appreciation in Albany (zip 12210) is up 11.1%.
Average Age of Homes
- The median age of Albany (zip 12210) real estate is 78 years old
The Rental Market in Albany (zip 12210)
- Renters make up 58.7% of the Albany (zip 12210) population
- 6.7% of houses and apartments in Albany (zip 12210), 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.