Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$312,933+5.2% YoY · prices are rising fast
Market right nowBalanced, leaning sellersMore homes for sale than last year, 16% have cut their price
Income needed to buy, per year$67,837About 0.8× the local median income ($79,899): affordable for a typical household
Days on market46 daysAbout the same pace as a year ago
Next 12 months+3.7%Zillow expects prices to rise slightly
The typical home in Schenectady County, NY is worth $312,933, up 5.2% from a year ago. That is well above what local incomes have historically supported: fair value is about $276,320, so the area is 13.3% overvalued. It is a balanced market, leaning toward sellers: homes take about 46 days to sell, listings are up 36% from a year ago, 16% of listings have had a price cut. Zillow expects prices to rise about 3.7% over the next year. A household needs about $67,837 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 $79,899. Typical rent is $1,499 a month, or $2,114 for a house. In the latest IRS figures, 102 more people moved in than out.
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
$312,933
Change in 1 year
+5.2%
Overvalued %
+13.3%
Show 7 more
Fair home value
$276,320
Change in 5 years
+33.8%
Zillow forecast, next 12 months
+3.7%
Home value to income
3.9×
Monthly mortgage payment (20% down)
$1,696
Income needed to afford it
$67,837
Property tax rate
2.36%
Rent and investing
Typical rent
$1,499
Typical rent for houses
$2,114
Price-to-rent ratio
17.4×
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HUD Fair Market Rent, 2 bedrooms
$1,711
Gross rental yield
5.75%
Cap rate (estimate)
3.74%
Market activity
Listings vs a year ago
+35.6%
Days on market
46
Listings with a price cut
15.5%
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Homes for sale
293
Pending sales per 100 listings
109
Asking price per sq ft
$205
People and jobs
Median household income
$79,899
Population change (1 year)
+0.5%
Unemployment rate
5.8%
Show 4 more
Population
162,581
Income adjusted for cost of living
$80,220
Net moves in (IRS)
+102
Cost of living (US = 100)
99.6
Schools, risk and environment
School rating (1 to 10)
4.8
FEMA hazard risk score (0 to 100)
71.3
Flood risk score
82.9
Show 3 more
Wildfire risk score
21.5
Walkability (1 to 20)
11.3
Road, rail and air noise
52 dB
Questions people ask
Is Schenectady County, NY overvalued?
Home prices in Schenectady County, NY are well above what local incomes have historically supported: fair value is about $276,320, so the area is 13.3% overvalued.
Is Schenectady County, NY a buyer's or seller's market?
Schenectady County, NY is a balanced market, leaning toward sellers: homes take about 46 days to sell, listings are up 36% from a year ago, 16% of listings have had a price cut.
Are home prices going down in Schenectady County, NY?
Home values in Schenectady County, NY are up 5.2% 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 Schenectady County, NY?
A household needs about $67,837 a year to afford the typical home in Schenectady County, NY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $79,899.