Albany housing market: home prices, trends and forecast
Albany home prices: in September 2026, the Zillow Home Value Index valued the typical home in Albany, New York at $331,504, up 4.2% from a year earlier and the highest monthly value on record.
- Value of a typical home
- $331,504September 2026, Zillow ZHVI
- Change over 12 months
- +4.2%since September 2025
- Change over 10 years
- The change since September 2016 was +76.8%.
Albany home prices since 2000
The United States appears as the grey line, while Albany appears as the steel line. Since January 2000, the typical home in Albany has risen from $108,358 to $331,504, a ×3.06 increase, compared with ×2.99 for the US over those months. The market peaked during the boom in December 2007 at $202,698 before reaching its low in September 2012 at $178,881, −11.7%.
Albany's median home price by year
Each yearly figure averages the twelve monthly values; for 2026, the figure reflects the latest month.
| Year | Albany | Change on the year | United States |
|---|---|---|---|
| 2000 | $108,664 | $125,745 | |
| 2001 | $109,896 | +1.1% | $134,899 |
| 2002 | $117,433 | +6.9% | $144,276 |
| 2003 | $130,333 | +11.0% | $155,308 |
| 2004 | $149,000 | +14.3% | $169,891 |
| 2005 | $173,086 | +16.2% | $189,732 |
| 2006 | $189,408 | +9.4% | $206,531 |
| 2007 | $200,403 | +5.8% | $208,449 |
| 2008 | $199,902 | −0.2% | $195,574 |
| 2009 | $194,841 | −2.5% | $177,542 |
| 2010 | $191,921 | −1.5% | $171,462 |
| 2011 | $185,056 | −3.6% | $162,508 |
| 2012 | $179,962 | −2.8% | $161,137 |
| 2013 | $182,193 | +1.2% | $171,420 |
| 2014 | $182,259 | 0% | $182,996 |
| 2015 | $181,793 | −0.3% | $192,738 |
| 2016 | $186,842 | +2.8% | $204,509 |
| 2017 | $192,743 | +3.2% | $216,767 |
| 2018 | $201,794 | +4.7% | $230,541 |
| 2019 | $208,424 | +3.3% | $242,088 |
| 2020 | $218,649 | +4.9% | $257,151 |
| 2021 | $243,315 | +11.3% | $295,959 |
| 2022 | $265,116 | +9.0% | $340,014 |
| 2023 | $279,476 | +5.4% | $348,160 |
| 2024 | $299,474 | +7.2% | $359,751 |
| 2025 | $314,605 | +5.1% | $362,959 |
| September 2026 | $331,504 | +4.2% | $366,157 |
Current value of Albany homes bought in any year
This is an index-based estimate, not an appraisal, for a typical home.
Each year's figure averages its twelve monthly index values; the current value is from September 2026. Other options: home appreciation calculator.
Are you thinking of selling? Compare local agents through Realtor.com. Advertising disclosure: the site may receive payment for links like this one, but that never changes any number. Disclosure.
Albany housing market forecast
For the Albany, NY metro, Zillow's forecast shows a 3.7% gain across the 12 months from September 2026, plus 1.4% over the following three months. Based on Albany's typical value of $331,504, the figure would put it near $343,800 one year on.
The metro figure comes from Zillow's central estimate, restated here. This site does not publish its own forecast. Such a 12-month forecast has usually differed from the realised change by several percentage points, either above or below it. This is not investment advice.
See forecasts for every metro in one table: housing market forecast.
Albany housing market crash risk score
24 out of 100, moderate
Albany is ranked against the 292 cities using five conditions that ran high before earlier price falls. Against the other cities, every input is placed on a scale from 0 to 100; the five scores are then averaged with equal weight. It shows current conditions; it does not forecast a crash.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | −56.3% | 3 | 20% |
| Time on the market vs 2019 | −23.9% | 6 | 20% |
| Price-to-rent ratio | 16.6 | 41 | 20% |
| Price-to-income ratio | 5.1 | 57 | 20% |
| 12-month price change | +4.2% | 11 | 20% |
This is not investment advice. Scoring details for each input: method overview. Rankings for all 292 cities: crash risk by city.
Homes for sale and market time in Albany
In September 2026 the Albany, NY metro’s inventory included 1,703 homes for sale, +10.1% more than one year earlier and −56.3% compared with that month in 2019. The median time to sell a listing was 54 days (−23.9% against 2019), while 14.8% of listings received a price cut.
| Albany, NY metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 1,703 | +10.1% |
| New listings | 884 | |
| Median days on market | 54 | +5.9% |
| Median list price | $419,975 | −3.9% |
| Share with a price cut | 14.8% |
Realtor.com® Economic Research provides the metro inventory figures. Realtor.com data. View all metros: days on market by city.
Living costs in Albany
The Zillow Observed Rent Index puts the typical asking rent in Albany at $1,664 a month. Its change over one year was +5.3%. The typical home costs the same as 16.6 years of that rent. At a median household income of $65,231 (Census ACS 2024), the typical home is worth 5.1 times one year's income. According to BEA, metro prices stand at 99.6 compared with a US average of 100, while housing costs are 102.6.
Rent, prices, and what salary you need to move there: Albany cost of living.
Housing markets elsewhere in New York
- New York City $825,854
- Buffalo has a figure of $244,068.
- Yonkers has a figure of $701,827.
- Rochester, New York $240,168
- Syracuse: $223,201.
See the state in full: New York housing market.
How to read the chart
Every point represents the Zillow Home Value Index for Albany, which shows the smoothed and seasonally adjusted value, in that month's dollars, of a typical home in the market's middle third. An open dot identifies the slider's selected month, while a terracotta dot shows the most recent month. These figures do not account for inflation, and the index tracks a typical home rather than any one property. To calculate a particular home's value from its sale price, use the card above or the home appreciation calculator.