Schenectady, NY housing market
Typical home value
$331K
▲ 5.1% 1 yr
Typical rent
$1,517/mo
▲ 2.6% 1 yr
Gross rent yield
5.5%
U.S. 6.3%
5-year home value change
+34%
U.S. +20%
Key takeaways
- 1The typical home in Schenectady is worth $331,463, up 5.1% over the past year and up 34% over five years.
- 2Typical rent is $1,517 a month (+2.6% YoY), a gross rent yield of 5.5% (above the Albany, NY metro's 5.4%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,822/mo, $305 more than typical rent.
- 4Zillow forecasts the Albany, NY metro's home values to change +3.7% over the next 12 months.
Market temperature (Albany, NY metro)
Seller's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 57/100, #56 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Schenectady compares
| Measure | Schenectady | Albany, NY metro | United States |
|---|---|---|---|
| Typical home value | $331,463 | $373,057 | $366,157 |
| Home value, 1-yr change | +5.1% | +5.0% | +1.2% |
| Typical rent | $1,517 | $1,693 | $1,932 |
| Rent, 1-yr change | +2.6% | +4.7% | +2.7% |
| Gross rent yield | 5.5% | 5.4% | 6.3% |
| Price-to-rent ratio | 18.2 | 18.4 | 15.8 |
| Mortgage P&I, typical home | $1,822 | $2,050 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Schenectady rental, pre-filled.
Rent vs buy in Schenectady
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $331K home.
Landlord in New York? See New York deposit, late fee and notice rules.
Other cities in the Albany, NY metro
Albany, NY
$332K home$1,664 rent
▲ 4.2% 1 yr
Troy, NY
$299K home$1,473 rent
▲ 4.8% 1 yr
Saratoga Springs, NY
$657K home$2,165 rent
▲ 7.0% 1 yr
Ballston Spa, NY
$431K home$2,001 rent
▲ 4.8% 1 yr
Cohoes, NY
$339K home$1,865 rent
▲ 2.1% 1 yr
Rensselaer, NY
$316K home$1,877 rent
▲ 3.5% 1 yr
Watervliet, NY
$320K home$1,519 rent
▲ 3.4% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.