Albany Home Prices & Values

$153,600 Zillow Home Value Index What's This?  
Close

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

  • 1.0% 1-year change
  • 2.1% 1-year forecast

The median home value in Albany is $153,600. Albany home values have gone up 1.0% over the past year and Zillow predicts they will rise 2.1% within the next year. The median list price per square foot in Albany is $114, which is lower than the Albany Metro average of $133. The median price of homes currently listed in Albany is $165,000 while the median price of homes that sold is $168,525. The median rent price in Albany is $995, 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 20.6 homes are foreclosed (per 10,000). This is greater than the Albany Metro value of 2.6 and also greater 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 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%.

more
Relative ZHVI
- +

Albany Market Overview

Data through Aug 31, 2014
  • $153,600 ZHVI
  • 2.1% 1-yr forecast What's This?  
    Close

    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)
  • $165,000 Median listing price
  • $168,525 Median sale price (Jul 31, 2014)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Albany Market Health

Data through Aug 31, 2014
  • 2.2/10 Less healthy What's This?  
    Close

    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)

20.6 homes Albany
2.6 homes Albany Metro
4.3 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Neighborhoods in Albany

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Normanskill $198,700 Buckingham Lake - Crestwood $182,900 New Scotland $173,200
Whitehall $165,800 Helderberg $164,200 Campus Area (University District) $155,800
Pine Hills $151,300 Delaware Avenue $126,400 West Hill $71,400

Listings & Sales

Data through Aug 31, 2014
  • $114 Median list price / sq ft
  • $117 Median sale price / sq ft (Jul 31, 2014)
  • 52.2% Listings with price cut
21.4%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Albany Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,351 Albany
$1,497 Albany Metro
$1,328 United States
  • 3.1 Breakeven horizon What's This?  
    Close

    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • $995 Rent list price
  • No data Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

 
 
 
Sign in with Google