Albany, NY Real Estate
According to census data in the year 2000 there were 45,288 housing units in Albany.
This represents a 2% decline from 46,199 in 1990.
Of those housing units, 45,288 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Albany is about 37.6%.
Albany's vacancy rate, including seasonal lodging, is about 10.1%.
Average household size is 2.11 people.
The majority of houses, apartments or condos in Albany were built after 1941.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4.60% |
| One Bedroom | 22.60% |
| Two Bedrooms | 27.60% |
| Three Bedrooms | 33.50% |
| Four Bedrooms | 8.60% |
| Five Bedrooms or more | 3.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.33 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $98,300 |
| Median Price asked for vacant units | $79,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.97 |
| Median year structure was built | 1942 |
| Median Monthly Rent asked for vacant units | $469 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 4.80% |
| Home Equity Loan | 6.90% |
| Simple Mortgage | 51.50% |
| Debt Free | 36.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.6% |
