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Albany city, NY

ZIP 12207 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Low Income AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 12207

Median Home Value
$242,500
Median Rent
$678
Affordability Snapshot
$67,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,558/mo PITI).

25%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

7.5x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

29.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 12207 in Albany city, NY, a household would need roughly $67,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,558. That is about 107% above the local median household income ($32,418), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 17% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
1.3%-98% vs US avg
x
Vacancy Rate
17.1%+66% vs US avg
x
Broadband Access
75.2%-14% vs US avg
x
4+ Bedrooms
1.3%-91% vs US avg
x
Built Pre-1939
4.3%-67% vs US avg
x
Built Post-2014
2.3%-67% vs US avg
x
Rent Burden >30%
12.7%-75% vs US avg
x
Mortgage-Free
58.8%+54% vs US avg
x
$242,500
Home Value
$678
Rent
1974
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached0.6%
  • 1-unit attached0.8%
  • 2-9 units21.7%
  • 10+ units76.9%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$242,500
Median rent$678
Owner-occupied1.3%
Vacant17.1%
Price-to-income7.5x
Est. income to buy$67,000