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

$149,500

  • -2.9% 1-year change
  • -0.5% 1-year forecast

The median home value in Albany is $149,500. Albany home values have declined -2.9% over the past year and Zillow predicts they will fall -0.5% within the next year. The median rent price in Albany is $1,000, which is lower than the Albany Metro median of $1,150.

Foreclosures will be a factor impacting home values in the next several years. In Albany 1.9 homes are foreclosed (per 10,000). This is lower than the Albany Metro value of 2.9 and also lower than the national value of 3.5

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 8.3%, which is higher than the national value of 6.0%. 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 15.8%, which is higher than Albany Metro at 13.0%.

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Relative ZHVI
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Albany Market Overview

Data through May 31, 2015
  • $149,500 ZHVI
  • -0.5% 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
    (May 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Albany Market Health

Data through May 31, 2015
  • No recent data Stable
  • No data Average days on Zillow
  • 15.8% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 8.3% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

2(Apr 30, 2015) Albany
3 Albany Metro
4 United States
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Neighborhoods in Albany

Name Median ZHVI
Normanskill $195,200
Buckingham Lake - Crestwood $181,700
New Scotland $173,700
Name Median ZHVI
Helderberg $164,900
Whitehall $164,500
Campus Area (University District) $155,300
Name Median ZHVI
Pine Hills $150,500
Delaware Avenue $122,500
West Hill $82,600

Listings & Sales

  • No data
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Albany Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,442 Albany
    $1,526 Albany Metro
    $1,367 United States

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

  • 3.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,000 Rent list price
  • No data Rent list price / sq ft
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