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.


Housing Size

Housing Units by Size
Studio Type4.60%
One Bedroom22.60%
Two Bedrooms27.60%
Three Bedrooms33.50%
Four Bedrooms8.60%
Five Bedrooms or more3.10%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.33
Median year structure was built1939
Median Value of occupied units$98,300
Median Price asked for vacant units$79,300

Rented Homes, Apartments and Condos

Average Household Size1.97
Median year structure was built1942
Median Monthly Rent asked for vacant units$469

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage4.80%
Home Equity Loan6.90%
Simple Mortgage51.50%
Debt Free36.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.6%