Property Prices in Albany, NY, United States

Index Info
Price to Income Ratio: 4.02
Mortgage as Percentage of Income: 36.45%
Loan Affordability Index: 2.74
Price to Rent Ratio - City Centre: 16.34
Price to Rent Ratio - Outside of Centre: 12.94
Gross Rental Yield (City Centre): 6.12%
Gross Rental Yield (Outside of Centre): 7.73%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,366.67 $ 900.00-2,100.00
Apartment (1 bedroom) Outside of Centre 1,181.67 $ 725.00-1,500.00
Apartment (3 bedrooms) in City Centre 2,733.33 $ 1,800.00-4,500.00
Apartment (3 bedrooms) Outside of Centre 2,466.67 $ 1,300.00-3,300.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 475.16 $ 300.00-650.32
Price per Square Feet to Buy Apartment Outside of Centre 332.25 $ 200.00-464.51
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,404.17 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.67 6.47-6.70

These data are based on 37 entries in the past 18 months from 11 different contributors.
Last update: September 2023

Sources and References
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