Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Albany city, New York?
City · Census ACS 5-Year estimates
The median gross rent in Albany city, New York is $1,216/month (±$37), based on Census ACS 5-Year estimates (2024). The median home value is $234,700 (±$6,884), and the median household income is $61,986/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for Albany city, New York
| Metric | Value |
|---|---|
| Median Gross Rent | $1,216 |
| Median Home Value | $234,700 |
| Median Household Income | $61,986 |
| Total Housing Units | 44,357 |
| Renter-Occupied Units | 27,413 |
| Renter-Occupied Share | 62% |
| Households Paying 50%+ Income | 8,247 households |
How does Albany city, New York compare?
Median gross rent ranked against all cities in New York.
Higher rent than 52% of cities in New York · 485th of 1017
| # | City | Value |
|---|---|---|
| 1 | Kings Point village | $3,501 |
| 1 | Bronxville village | $3,501 |
| 1 | Great Neck Estates village | $3,501 |
| … 481 more … | ||
| 485 | Albany city(you are here) | $1,216 |
| … 529 more … | ||
| 1015 | Barker village | $385 |
| 1016 | Waddington village | $337 |
| 1017 | Prattsville CDP | $300 |
More data for Albany city, New York
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Frequently asked questions
What is the average rent in Albany city, New York?
The median gross rent in Albany city, New York is $1,216/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Albany city, New York?
The median rent for a 2-bedroom in Albany city, New York is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Albany city, New York?
The median home value in Albany city, New York is $234,700 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Albany city are rent-burdened?
In Albany city, New York, 8,247 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Albany city, New York?
The median household income in Albany city, New York is $61,986/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,216 has a margin of error of ±$37. In very small areas, MOEs can be large relative to the estimate.
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