Albany housing market
Typical home value
$373K
▲ 5.0% 1 yr
Typical rent
$1,693/mo
▲ 4.7% 1 yr
12-month forecast
+3.7%
#67 of 546 metros
Gross rent yield
5.4%
#350 of 546 · U.S. 6.3%
Days to pending
24 days
▼ −1 day 1 yr
Listings with a price cut
25%
▲ +1.2 pts 1 yr
Key takeaways
- 1The typical home is worth $373,057, up 5.0% in a year and up 32% over five years.
- 2Zillow forecasts home values rising 3.7% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,693/mo (+4.7% YoY), a 5.4% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,050/mo in principal and interest, $357 more than renting.
- 5Homes go under contract in 24 days (−1 day vs last year); 25% of listings have had a price cut.
Market temperature
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
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Albany compares
| Measure | Albany | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +5.0% | +1.2% | #65 |
| Home value, 5-yr change | +31.8% | +19.7% | |
| 12-month forecast | +3.7% | +1.1% | #67 |
| Rent, 1-yr change | +4.7% | +2.7% | #133 |
| Gross rent yield | 5.4% | 6.3% | #350 |
| Price-to-rent ratio | 18.4 | 15.8 | |
| Mortgage P&I on typical home | $2,050 | $2,012 | |
| Income needed to buy | $123,406 | $100,902 | |
| Days to pending | 24 | 56 |
Cities in the Albany metro
8 cities with home value and rent data.
| Schenectady | $331K | ▲ 5.1% | $1,517 | ▲ 2.6% | 5.5% |
| Albany | $332K | ▲ 4.2% | $1,664 | ▲ 5.4% | 6.0% |
| Troy | $299K | ▲ 4.8% | $1,473 | ▲ 7.4% | 5.9% |
| Saratoga Springs | $657K | ▲ 7.0% | $2,165 | ▲ 5.8% | 4.0% |
| Ballston Spa | $431K | ▲ 4.8% | $2,001 | ▲ 4.4% | 5.6% |
| Cohoes | $339K | ▲ 2.1% | $1,865 | ▲ 6.0% | 6.6% |
| Rensselaer | $316K | ▲ 3.5% | $1,877 | ▲ 1.3% | 7.1% |
| Watervliet | $320K | ▲ 3.4% | $1,519 | ▲ 6.7% | 5.7% |
Run the numbers
Rental property calculator
Cash flow on a typical Albany rental ($373K, $1,693/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Albany home.
Rent vs buy
Is it cheaper to rent or buy in Albany?
Renting out a property in New York? See deposit limits, late fee rules and notice periods.
Other New York metros
New York, NY
$731K home$3,546 rent5.8% yield
▲ 4.9% 1 yr
Buffalo, NY
$287K home$1,451 rent6.1% yield
▲ 3.6% 1 yr
Rochester, NY
$281K home$1,532 rent6.5% yield
▲ 4.9% 1 yr
Syracuse, NY
$269K home$1,627 rent7.3% yield
▲ 6.6% 1 yr
Utica, NY
$231K home$1,424 rent7.4% yield
▲ 5.8% 1 yr
Binghamton, NY
$203K home$1,610 rent9.5% yield
▲ 6.9% 1 yr
Kingston, NY
$452K home$2,015 rent5.4% yield
▲ 3.6% 1 yr
Jamestown, NY
$181K home$1,078 rent7.2% yield
▲ 4.8% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.