Property Prices in Albany, NY, United States

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Index Info
Price to Income Ratio: 4.19
Mortgage as Percentage of Income: 37.47%
Loan Affordability Index: 2.67
Price to Rent Ratio - City Centre: 10.78
Price to Rent Ratio - Outside of Centre: 10.52
Gross Rental Yield (City Centre): 9.28%
Gross Rental Yield (Outside of Centre): 9.50%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,426.00 $ 900.00-2,500.00
Apartment (1 bedroom) Outside of Centre 1,233.33 $ 1,000.00-1,500.00
Apartment (3 bedrooms) in City Centre 2,900.00 $ 1,900.00-6,000.00
Apartment (3 bedrooms) Outside of Centre 2,600.00 $ 1,800.00-3,300.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 329.80 $ 214.98-650.32
Price per Square Feet to Buy Apartment Outside of Centre 283.35 $ 214.98-464.51
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,933.76 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.48 6.19-6.80

These data are based on 79 entries in the past 18 months from 31 different contributors.
Last update: March 2025

Sources and References
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