Albany
New York · Ranked #28 of 102 metros
60Moderate
Median Home Price
🏠$280K
Need $80K income
Median Rent
🔑$1K
Need $48K income
Housing Shortage
📉10,000
units needed
Building Permits
🔨3,000
annual
Median Income
💰$67K
Pop: 899,262
Rent Burden
⚠️30.5%
of renters paying >30%
Price Change (YoY)
📈+6%
Homeownership
🏡63.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Albany | National |
|---|---|---|
| Price-to-Income Ratio | 4.2x | 6.1x |
| Rent Burden | 30.5% | 31.5% |
| Homeownership Rate | 63.0% | 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% |