Home Values

Albany 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

$152,500

  • -0.3% 1-year change
  • 0.1% 1-year forecast

The median home value in Albany is $152,500. Albany home values have declined -0.3% over the past year and Zillow predicts they will rise 0.1% within the next year. The median list price per square foot in Albany is $110, which is lower than the Albany Metro average of $132. The median price of homes currently listed in Albany is $159,900 while the median price of homes that sold is $160,650. The median rent price in Albany is $955, which is lower than the Albany Metro median of $1,187.

Foreclosures will be a factor impacting home values in the next several years. In Albany 4.1 homes are foreclosed (per 10,000). This is greater than the Albany Metro value of 2.0 and also lower than the national value of 4.5

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 is 7.5%, 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 homeowners underwater on their mortgage is 15.7%, which is higher than Albany Metro at 12.6%.

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Relative ZHVI
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Albany Market Overview

Data through Oct 31, 2014
  • $152,500 ZHVI
  • 0.1% 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
    (Oct 31, 2015)
  • $159,900 Median listing price
  • $160,650 Median sale price (Sep 30, 2014)
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Albany Market Health

Data through Oct 31, 2014
  • 1.9/10 Less healthy
    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 data Average days on Zillow
  • 15.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 7.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

4.1 homes Albany
2 homes Albany Metro
4.5 homes United States
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Neighborhoods in Albany

Name Median ZHVI
Normanskill $203,900
Buckingham Lake - Crestwood $187,200
New Scotland $177,900
Name Median ZHVI
Whitehall $165,200
Helderberg $164,600
Campus Area (University District) $154,900
Name Median ZHVI
Pine Hills $153,000
Delaware Avenue $120,900
West Hill $68,700

Listings & Sales

Data through Oct 31, 2014
  • $110 Median list price / sq ft
  • $112 Median sale price / sq ft (Sep 30, 2014)
  • 52.6% Listings with price cut
32.7%
Sold below listing
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Albany Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,384 Albany
    $1,510 Albany Metro
    $1,337 United States

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

  • 3.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $955 Rent list price
  • $1.00 Rent list price / sq ft
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