Home Values

Albany County Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$192,400

  • -1.5% 1-year change
  • 1.9% 1-year forecast

The median home value in Albany County is $192,400. Albany County home values have declined -1.5% over the past year and Zillow predicts they will rise 1.9% within the next year. The median list price per square foot in Albany County is $140, which is higher than the Albany Metro average of $133. The median price of homes currently listed in Albany County is $223,000 while the median price of homes that sold is $218,900. The median rent price in Albany County is $1,040, which is lower than the Albany Metro median of $1,175.

Foreclosures will be a factor impacting home values in the next several years. In Albany County 2.0 homes are foreclosed (per 10,000). This is lower than the Albany Metro value of 2.6 and also lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Albany County is 7.3%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Albany County homeowners underwater on their mortgage is 11.8%, which is lower than Albany Metro at 12.6%.

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Relative ZHVI
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Albany County Market Overview

Data through Aug 31, 2014
  • $192,400 ZHVI
  • 1.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Aug 31, 2015)
  • $223,000 Median listing price
  • $218,900 Median sale price
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Albany County Market Health

Data through Aug 31, 2014
  • 5.1/10 Stable
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No recent data Average days on Zillow
  • 11.8% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 7.3% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2 homes Albany County
2.6 homes Albany Metro
4.3 homes United States
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Cities in Albany County

Name Median ZHVI
Bethlehem $242,900
Delmar $242,700
Guilderland $237,900
Name Median ZHVI
New Scotland $232,100
Voorheesville $212,900
Westmere $195,600
Name Median ZHVI
Knox $191,600
Berne $162,200
Westerlo $154,800

Listings & Sales

Data through Aug 31, 2014
  • $140 Median list price / sq ft
  • $138 Median sale price / sq ft
  • 50.3% Listings with price cut
25.4%
Sold below listing
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Albany County Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,481 Albany County
    $1,497 Albany Metro
    $1,328 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,040 Rent list price
  • $1.02 Rent list price / sq ft
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