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

$148,000

  • -2.8% 1-year change
  • -1.5% 1-year forecast

The median home value in Albany is $148,000. Albany home values have declined -2.8% over the past year and Zillow predicts they will fall -1.5% within the next year.

Foreclosures will be a factor impacting home values in the next several years. In Albany 6.9 homes are foreclosed (per 10,000). This is greater than the Albany Metro value of 3.0 and also greater than the national value of 3.6

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 Jul 31, 2015
  • $148,000 ZHVI
  • -1.5% 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
    (Jul 31, 2016)
  • No data Median listing price
  • $168,550 Median sale price (Jun 30, 2015)
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Albany Market Health

Data through Jul 31, 2015
  • 0.5/10 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
  • 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)

7 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

Data through Jun 30, 2015
  • No recent data Median list price / sq ft
  • $116 Median sale price / sq ft
  • No data Listings with price cut
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Albany Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $1,459 Albany
    $1,522 Albany Metro
    $1,376 United States

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

  • 2.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • No data Rent list price
  • No data Rent list price / sq ft
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