Property Prices in Albany, NY, United States

Index Info
Price to Income Ratio: 4.18
Mortgage as Percentage of Income: 37.34%
Loan Affordability Index: 2.68
Price to Rent Ratio - City Centre: 12.61
Price to Rent Ratio - Outside of Centre: 11.38
Gross Rental Yield (City Centre): 7.93%
Gross Rental Yield (Outside of Centre): 8.79%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,257.50 $ 900.00-2,100.00
Apartment (1 bedroom) Outside of Centre 1,153.00 $ 1,000.00-1,800.00
Apartment (3 bedrooms) in City Centre 2,866.67 $ 1,900.00-4,500.00
Apartment (3 bedrooms) Outside of Centre 2,633.33 $ 1,800.00-3,300.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 360.09 $ 214.98-650.32
Price per Square Feet to Buy Apartment Outside of Centre 298.15 $ 214.98-464.51
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,237.42 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.48 6.19-6.80

These data are based on 63 entries in the past 18 months from 24 different contributors.
Last update: November 2024

Sources and References
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