Property Prices in Albany, NY, United States

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Index Info
Price to Income Ratio: 7.70
Mortgage as Percentage of Income: 69.88%
Loan Affordability Index: 1.43
Price to Rent Ratio - City Centre: 19.15
Price to Rent Ratio - Outside of Centre: 15.39
Gross Rental Yield (City Centre): 5.22%
Gross Rental Yield (Outside of Centre): 6.50%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,407.50 $ 900.00-2,800.00
Apartment (1 bedroom) Outside of Centre 1,391.25 $ 1,000.00-2,300.00
Apartment (3 bedrooms) in City Centre 3,766.67 $ 1,900.00-4,900.00
Apartment (3 bedrooms) Outside of Centre 3,283.33 $ 2,800.00-3,750.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 666.07 $ 214.98-998.99
Price per Square Feet to Buy Apartment Outside of Centre 494.87 $ 214.98-799.99
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,058.21 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.68 6.19-7.70

These data are based on 66 entries in the past 18 months from 21 different contributors.
Last update: July 2024

Sources and References
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