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

$150,400

  • -1.6% 1-year change
  • 0.3% 1-year forecast

The median home value in Albany is $150,400. Albany home values have declined -1.6% over the past year and Zillow predicts they will rise 0.3% within the next year. The median list price per square foot in Albany is $110, which is lower than the Albany Metro average of $133. The median price of homes currently listed in Albany is $159,900 while the median price of homes that sold is $153,975. The median rent price in Albany is $1,040, which is lower than the Albany Metro median of $1,200.

Foreclosures will be a factor impacting home values in the next several years. In Albany 2.9 homes are foreclosed (per 10,000). This is lower than the Albany Metro value of 3.3 and also lower than the national value of 4.2

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 6.4%, which is lower than the national value of 6.4%. 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 17.0%, which is higher than Albany Metro at 13.7%.

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Relative ZHVI
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Albany Market Overview

Data through Nov 30, 2014
  • $150,400 ZHVI
  • 0.3% 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
    (Nov 30, 2015)
  • $159,900 Median listing price
  • $153,975 Median sale price
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Albany Market Health

Data through Nov 30, 2014
  • 1.5/10 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
  • 17.0% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 6.4% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

2.9 homes Albany
3.3 homes Albany Metro
4.2 homes United States
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Neighborhoods in Albany

Name Median ZHVI
Normanskill $201,500
Buckingham Lake - Crestwood $184,500
New Scotland $175,200
Name Median ZHVI
Whitehall $162,600
Helderberg $162,100
Campus Area (University District) $153,200
Name Median ZHVI
Pine Hills $151,400
Delaware Avenue $119,800
West Hill $66,500

Listings & Sales

Data through Nov 30, 2014
  • $110 Median list price / sq ft
  • $115 Median sale price / sq ft
  • No data Listings with price cut
41.1%
Sold below listing
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Albany Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,373 Albany
    $1,543 Albany Metro
    $1,342 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)
  • $1,040 Rent list price
  • $0.97 Rent list price / sq ft
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