Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$373,057+5.0% 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$80,871About 0.9× the local median income ($86,168): affordable for a typical household
Days on market53 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-Schenectady-Troy, NY is worth $373,057, up 5.0% from a year ago. That is well above what local incomes have historically supported: fair value is about $333,986, so the area is 11.7% overvalued. It is a balanced market, leaning toward sellers: homes take about 53 days to sell, listings are up 18% 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 $80,871 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 $86,168. Typical rent is $1,693 a month, or $2,389 for a house. In the latest IRS figures, 595 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
$373,057
Change in 1 year
+5.0%
Overvalued %
+11.7%
Show 7 more
Fair home value
$333,986
Change in 5 years
+31.8%
Zillow forecast, next 12 months
+3.7%
Home value to income
4.3×
Monthly mortgage payment (20% down)
$2,022
Income needed to afford it
$80,871
Property tax rate
1.79%
Rent and investing
Typical rent
$1,693
Typical rent for houses
$2,389
Price-to-rent ratio
18.4×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,711
Gross rental yield
5.45%
Cap rate (estimate)
3.54%
Market activity
Listings vs a year ago
+18.1%
Days on market
53
Listings with a price cut
14.4%
Show 3 more
Homes for sale
1,785
Pending sales per 100 listings
93
Asking price per sq ft
$239
People and jobs
Median household income
$86,168
Population change (1 year)
+0.5%
Unemployment rate
4.7%
Show 4 more
Population
915,835
Income adjusted for cost of living
$86,514
Net moves in (IRS)
−595
Cost of living (US = 100)
99.6
Schools, risk and environment
School rating (1 to 10)
6.0
FEMA hazard risk score (0 to 100)
77.8
Unhealthy air days a year
3
Show 4 more
Flood risk score
86.1
Wildfire risk score
31.9
Walkability (1 to 20)
9.6
Road, rail and air noise
53 dB
Questions people ask
Is Albany-Schenectady-Troy, NY overvalued?
Home prices in Albany-Schenectady-Troy, NY are well above what local incomes have historically supported: fair value is about $333,986, so the area is 11.7% overvalued.
Is Albany-Schenectady-Troy, NY a buyer's or seller's market?
Albany-Schenectady-Troy, NY is a balanced market, leaning toward sellers: homes take about 53 days to sell, listings are up 18% from a year ago, 14% of listings have had a price cut.
Are home prices going down in Albany-Schenectady-Troy, NY?
Home values in Albany-Schenectady-Troy, NY are up 5.0% 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-Schenectady-Troy, NY?
A household needs about $80,871 a year to afford the typical home in Albany-Schenectady-Troy, NY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $86,168.