Home Values

Rensselaer 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

$127,600

  • -1.6% 1-year change
  • 0.6% 1-year forecast

The median home value in Rensselaer is $127,600. Rensselaer home values have declined -1.6% over the past year and Zillow predicts they will rise 0.6% within the next year. The median list price per square foot in Rensselaer is None. The median rent price in Rensselaer is $915, which is lower than the Albany Metro median of $1,145.

Foreclosures will be a factor impacting home values in the next several years. In Rensselaer 6.5 homes are foreclosed (per 10,000). This is greater than the Albany Metro value of 2.9 and also greater than the national value of 3.9

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 Rensselaer is 6.1%, which is lower than the national value of 6.3%. 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 Rensselaer homeowners underwater on their mortgage is 19.7%, which is higher than Albany Metro at 14.9%.

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Relative ZHVI
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Rensselaer Market Overview

Data through Apr 30, 2015
  • $127,600 ZHVI
  • 0.6% 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
    (Apr 30, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Rensselaer Market Health

Data through Apr 30, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 19.7% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 6.1% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

6.5 homes(Jan 31, 2015) Rensselaer
2.9 homes Albany Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Delmar $238,800
Menands $208,500
Town of East Greenbush $191,700
Name Median ZHVI
North Greenbush $183,800
Wynantskill $156,100
Albany $152,300
Name Median ZHVI
Hampton Manor $143,200
Troy $128,300
Watervliet $122,900

Listings & Sales

  • No data
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Rensselaer Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,525 Albany Metro
    $1,364 United States

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

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