Albany, NY Foreclosures
How much do homes sell for in Albany, NY?
The average home price is currently $372,264.
In Albany, NY, how many homes are available?
There are currently 7 active home listings available in Albany.
What’s the average rental cost in Albany, NY?
The average rental price in Albany is $1,594.
What is the most expensive home in Albany?
The most expensive home sold in Albany had a price of $195,741,904.
What is currently the cheapest priced home in Albany, NY?
The cheapest home for sale in Albany is priced at $10,043.
Living in Albany, NY
Albany, the capital of New York State, offers a rich historical backdrop combined with a vibrant urban lifestyle. Known for its diverse cultural scene, Albany features a mix of modern and historic architecture, plentiful parks, and a range of dining options. It is also home to several colleges and universities, which contribute to its youthful energy and educational resources.
Current Market Conditions in Albany, NY
The Albany real estate market has demonstrated steady growth over the past year, with a consistent increase in home values. Many buyers are drawn to Albany for its affordability compared to surrounding metropolitan areas, making it an attractive investment opportunity. The market is characterized by a blend of historic homes, modern condos, and new developments, appealing to a diverse population including young professionals, families, and retirees.
The rental market in Albany is also strong, with rising demand for multi-family properties and apartments close to the downtown area and universities. Landlords have reported low vacancy rates and an increase in rental prices in popular neighborhoods, indicating a robust demand for rental properties.
Home Value Estimator For Albany, NY
There are currently 37,128 real estate properties
in Albany, NY,
with a median automated valuation model (AVM) price
of $294,989.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Albany, NY, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Albany, NY,
is $372,264.00, with the most expensive house
in Albany, NY, topping out
at $195,741,904.00 and the cheapest home
in Albany, NY,
clocking in at $10,043.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Albany, NY!
Rent Prices
In Albany, NY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Albany, NY, is on
a rollercoaster ride. The
average rent price in Albany, NY,
is $1,594.00. Indeed, when looking to rent in
Albany, NY, you can expect to pay as little
as $620.00 or as much
as $7,100.00,
with the average rent median estimated to
be $1,550.00. The good news is that finding
an affordable and desirable property to rent in Albany, NY
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
