Data through September 2026 · updated 2026-11-08 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$372,401+4.1% YoY · prices are rising fast
Market right nowBalanced, leaning sellersMore homes for sale than last year, 14% have cut their price
Income needed to buy, per year$80,729About 1.0× the local median income ($81,237): affordable for a typical household
Days on market43 daysFaster than a year ago: sellers have the edge
Next 12 months+3.7%Zillow expects prices to rise slightly
The typical home in Albany County, NY is worth $372,401, up 4.1% from a year ago. That is well above what local incomes have historically supported: fair value is about $327,218, so the area is 13.8% overvalued. It is a balanced market, leaning toward sellers: homes take about 43 days to sell, listings are up 14% from a year ago, 14% of listings have had a price cut. Zillow expects prices to rise about 3.7% over the next year. A household needs about $80,729 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $81,237. Typical rent is $1,697 a month, or $2,394 for a house. In the latest IRS figures, 876 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$372,401
Change in 1 year
+4.1%
Overvalued %
+13.8%
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Fair home value
$327,218
Change in 5 years
+31.7%
Zillow forecast, next 12 months
+3.7%
Home value to income
4.6×
Monthly mortgage payment (20% down)
$2,018
Income needed to afford it
$80,729
Property tax rate
1.76%
Rent and investing
Typical rent
$1,697
Typical rent for houses
$2,394
Price-to-rent ratio
18.3×
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HUD Fair Market Rent, 2 bedrooms
$1,711
Gross rental yield
5.47%
Cap rate (estimate)
3.56%
Market activity
Listings vs a year ago
+13.7%
Days on market
43
Listings with a price cut
14.2%
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Homes for sale
416
Pending sales per 100 listings
109
Asking price per sq ft
$227
People and jobs
Median household income
$81,237
Population change (1 year)
+0.5%
Unemployment rate
5.0%
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Population
321,225
Income adjusted for cost of living
$81,563
Net moves in (IRS)
−876
Cost of living (US = 100)
99.6
Schools, risk and environment
School rating (1 to 10)
5.8
FEMA hazard risk score (0 to 100)
85.9
Unhealthy air days a year
5
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Flood risk score
90.3
Wildfire risk score
36.2
Walkability (1 to 20)
11.0
Road, rail and air noise
53 dB
Questions people ask
Is Albany County, NY overvalued?
Home prices in Albany County, NY are well above what local incomes have historically supported: fair value is about $327,218, so the area is 13.8% overvalued.
Is Albany County, NY a buyer's or seller's market?
Albany County, NY is a balanced market, leaning toward sellers: homes take about 43 days to sell, listings are up 14% from a year ago, 14% of listings have had a price cut.
Are home prices going down in Albany County, NY?
Home values in Albany County, NY are up 4.1% over the last year. Zillow's forecast for the next 12 months is +3.7%.
How much do you need to earn to buy a home in Albany County, NY?
A household needs about $80,729 a year to afford the typical home in Albany County, NY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $81,237.