Home Values

Schenectady 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

$91,800

  • -2.0% 1-year change
  • 0.5% 1-year forecast

The median home value in Schenectady is $91,800. Schenectady home values have declined -2.0% over the past year and Zillow predicts they will rise 0.5% within the next year. The median list price per square foot in Schenectady is $69, which is lower than the Albany Metro average of $133. The median price of homes currently listed in Schenectady is $99,900 while the median price of homes that sold is $104,200. The median rent price in Schenectady is $850, 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 Schenectady 11.7 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 Schenectady is 12.9%, 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 Schenectady homeowners underwater on their mortgage is 21.9%, which is higher than Albany Metro at 12.6%.

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Relative ZHVI
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Schenectady Market Overview

Data through Aug 31, 2014
  • $91,800 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
    (Aug 31, 2015)
  • $99,900 Median listing price
  • $104,200 Median sale price
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Schenectady Market Health

Data through Aug 31, 2014
  • 0.1/10 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
  • 21.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 12.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

11.7 homes Schenectady
2.6 homes Albany Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI
Clifton Park $258,800
Guilderland $237,900
Town of Niskayuna $214,200
Name Median ZHVI
Voorheesville $212,900
Westmere $195,600
East Glenville $184,000
Name Median ZHVI
Glenville $177,400
Town of Rotterdam $147,700
Scotia $121,400

Listings & Sales

Data through Aug 31, 2014
  • $69 Median list price / sq ft
  • $71 Median sale price / sq ft
  • 50.1% Listings with price cut
42.7%
Sold below listing
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Schenectady Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,203 Schenectady
    $1,497 Albany Metro
    $1,328 United States

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

  • 1.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $850 Rent list price
  • $1.01 Rent list price / sq ft
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