Albany
New York · Ranked #269 of 373 metros
60Moderate
💡
Housing in Albany costs 3.09× the median income, below the national average of 4.5×. The median home price is $164K and median rent is $858/month. Albany ranks #269 of 373 metros for affordability.
Median Home Price
🏠$164K
Need $80K income
Median Rent
🔑$858
Need $48K income
Housing Shortage
📉10,000
units needed
Building Permits
🔨3,000
annual
Median Income
💰$53K
Pop: 899,262
Rent Burden
⚠️30.5%
of renters paying >30%
Price Change (YoY)
📈+6%
Homeownership
🏡53.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Albany | National |
|---|---|---|
| Price-to-Income Ratio | 3.09x | 6.1x |
| Rent Burden | 30.5% | 31.5% |
| Homeownership Rate | 53.0% | 65.5% |
| YoY Price Change | +6% | +3.5% |
| YoY Rent Change | +4.5% | +2.8% |
| Mortgage Denial Rate | 13.0% | 13.5% |
| Eviction Rate | 4.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +62.4%Since 2000: +215.1%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$1,217/mo
1 Bedroom$1,417/mo
2 Bedroom$1,702/mo
3 Bedroom$2,041/mo
4 Bedroom$2,253/mo
Zillow Market Data
Home Value (ZHVI)
$352K
1yr: +4.1%5yr: +36.9%
Rent (ZORI)
$1,611/mo
1yr: +4.6%5yr: +32.3%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$263K
Active Inventory
177
Days on Market
36
Sold Above List
39.1%
Price Drops
18.6%