Property Prices in Albany, NY, United States

Index Info
Price to Income Ratio: 1.88
Mortgage as Percentage of Income: 13.82%
Loan Affordability Index: 7.23
Price to Rent Ratio - City Centre: 6.50
Price to Rent Ratio - Outside of Centre: 5.76
Gross Rental Yield (City Centre): 15.40%
Gross Rental Yield (Outside of Centre): 17.36%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,185.71 $ 1,100.00-1,300.00
Apartment (1 bedroom) Outside of Centre 987.14 $ 900.00-1,100.00
Apartment (3 bedrooms) in City Centre 1,700.00 $ 1,350.00-2,300.00
Apartment (3 bedrooms) Outside of Centre 1,462.50 $ 1,350.00-1,800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 141.82 $ 141.33-142.33
Price per Square Feet to Buy Apartment Outside of Centre 106.08 $ 78.67-116.33
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,557.00 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.16 3.00-4.75

These data are based on 104 entries in the past 18 months from 29 different contributors.
Last update: January 2021

Sources and References
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