Real Estate Investing in Albany County, New York

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

33 ZIP codes • Population: 289,127

Should you buy in Albany County, NY? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (66/100)

Mixed signals β€” some positives, some negatives. Worth considering but not a slam-dunk.

πŸ“ˆ For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
2 flags
  • Elevated vacancy: 9.9% vacancy may signal weakening demand.
  • Tenant-protective state: Landlord rating 1.0/5 β€” slower evictions, more regulations.

What’s happening in Albany County, NY?

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3.0/ 5

Investability

County-wide average

3.0/ 5

Appreciation

6.3% 5yr CAGR

1.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $354,331
Avg Monthly Rent $1,622
ZIP Codes 33

Investing in Albany County Real Estate

This is a distressed-leaning county in New York: Albany has 26 cities, 33 ZIPs, and investment math that only works for investors with genuine local understanding.

Investors considering Albany, New York should understand what the β˜…β˜…β˜…β˜†β˜† rating represents β€” a region with material challenges, not a temporary rough patch.

The 0% renter share in Albany masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Albany County, NY. Anonymous, moderated, never written by AI.

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Property managers serving Albany County

Manage rentals here? List your business →

CYC Realty is an association and property management company serving Upstate New York. summary from their website

HOA
Unclaimed β€” is this your business? Claim it free

AllyPropertyManagement.com is a domain name available for sale. summary from their website

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Unclaimed β€” is this your business? Claim it free

Listings are shown for convenience β€” Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$354,331
Avg Monthly Rent
$1,622
1% Rule
βœ— Below
Landlord Friendly (NY)
β˜…β˜†β˜†β˜†β˜†

πŸŽ“ Colleges & Universities in Albany County

18 Colleges 56,759 Students 1,330 Off-Campus Renters
B
Rensselaer Polytechnic Institute
4-Year Private Β· 7,024 students
B
University at Albany
4-Year Public Β· 16,880 students
πŸ“ ~202 students rent off-campus
C+
Russell Sage College
4-Year Private Β· 2,064 students
C+
Albany College of Pharmacy and Health Sciences
4-Year Private Β· 875 students
C
Aesthetic Science Institute
Vocational For-Profit Β· 157 students
C
Hudson Valley Community College
2-Year Public Β· 9,443 students
πŸ“ ~1,010 students rent off-campus
C
The College of Saint Rose
4-Year Private Β· 2,538 students
C
Orlo School of Hair Design and Cosmetology
Vocational For-Profit Β· 60 students
C
Excelsior University
4-Year Private Β· 14,477 students
C
Maria College of Albany
4-Year Private Β· 752 students
C
Albany BOCES-Adult Practical Nursing Program
Vocational Public Β· 161 students
πŸ“ ~118 students rent off-campus
C
Samaritan Hospital School of Nursing
2-Year Private Β· 132 students
C
Albany Medical College
4-Year Private Β· 834 students
C
Albany Law School
4-Year Private Β· 628 students
C
Bryant & Stratton College-Albany
4-Year Private Β· 224 students
D
SUNY-System Office
4-Year Public Β· 0 students
D
St. Peter's Hospital College of Nursing
2-Year Private Β· 125 students
D
Mildred Elley School-Albany Campus
2-Year For-Profit Β· 385 students

Investor Insight: With 1,330 students living off-campus, Albany County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Albany County

ZIP Codes in Albany County, NY

12203 β˜… β˜… β˜… β˜… β˜…
Albany
Population 30,080
Avg Home $343,841
Avg Rent $1,757/mo
12205 β˜… β˜… β˜… β˜… β˜…
Albany
Population 25,912
Avg Home $339,266
Avg Rent $2,000/mo
12208 β˜… β˜… β˜… β˜… β˜…
Albany
Population 23,936
Avg Home $334,997
Avg Rent $1,545/mo
12047 β˜… β˜… β˜… β˜… β˜…
Cohoes
Population 23,406
Avg Home $342,728
Avg Rent $1,768/mo
12110 β˜… β˜… β˜… β˜… β˜…
Latham
Population 19,969
Avg Home $415,137
Avg Rent $2,049/mo
12189 β˜… β˜… β˜… β˜… β˜…
Watervliet
Population 18,205
Avg Home $320,462
Avg Rent $1,476/mo
12054 β˜… β˜… β˜… β˜… β˜…
Delmar
Population 16,988
Avg Home $460,894
Avg Rent $2,269/mo
12206 β˜… β˜… β˜… β˜… β˜…
Albany
Population 14,592
Avg Home $228,714
Avg Rent $1,797/mo
12211 β˜… β˜… β˜… β˜… β˜…
Albany
Population 13,800
Avg Home $493,405
Avg Rent $2,025/mo
12209 β˜… β˜… β˜… β˜… β˜…
Albany
Population 10,754
Avg Home $272,930
Avg Rent $1,617/mo
12210 β˜… β˜… β˜… β˜… β˜…
Albany
Population 9,725
Avg Home $262,826
Avg Rent $1,460/mo
12202 β˜… β˜… β˜… β˜… β˜…
Albany
Population 9,500
Avg Home $182,405
Avg Rent $1,269/mo
12159 β˜… β˜… β˜… β˜… β˜…
Slingerlands
Population 8,794
Avg Home $589,532
Avg Rent $1,791/mo
12204 β˜… β˜… β˜… β˜… β˜…
Menands
Population 8,423
Avg Home $358,911
Avg Rent $2,236/mo
12009 β˜… β˜… β˜… β˜… β˜…
Altamont
Population 8,068
Avg Home $432,757
Avg Rent $1,539/mo
12077 β˜… β˜… β˜… β˜… β˜…
Glenmont
Population 6,733
Avg Home $503,020
Avg Rent $2,053/mo
12186 β˜… β˜… β˜… β˜… β˜…
Voorheesville
Population 6,608
Avg Home $427,904
Avg Rent $1,431/mo
12158 β˜… β˜… β˜… β˜… β˜…
Selkirk
Population 6,221
Avg Home $375,629
Avg Rent $2,043/mo
12143 β˜… β˜… β˜… β˜… β˜…
Ravena
Population 5,462
Avg Home $296,952
Avg Rent $1,200/mo
12084 β˜… β˜… β˜… β˜… β˜…
Guilderland
Population 5,054
Avg Home $513,049
Avg Rent $1,890/mo
12083 β˜… β˜… β˜… β˜… β˜…
Greenville
Population 3,648
Avg Home $328,772
Avg Rent $1,206/mo
12183 β˜… β˜… β˜… β˜… β˜…
Troy
Population 2,966
Avg Home $245,576
Avg Rent $1,278/mo
12023 β˜… β˜… β˜… β˜… β˜…
Berne
Population 2,364
Avg Home $328,765
Avg Rent $1,386/mo
12193 β˜… β˜… β˜… β˜… β˜…
Westerlo
Population 1,829
Avg Home $336,388
Avg Rent $1,233/mo
12059 β˜… β˜… β˜… β˜… β˜…
East Berne
Population 1,531
Avg Home $348,588
Avg Rent $1,350/mo
12067 β˜… β˜… β˜… β˜… β˜…
Feura Bush
Population 1,250
Avg Home $389,273
Avg Rent $1,332/mo
12469 β˜… β˜… β˜… β˜… β˜…
Preston Hollow
Population 842
Avg Home $301,221
Avg Rent $1,431/mo
12046 β˜… β˜… β˜… β˜… β˜…
Coeymans Hollow
Population 612
Avg Home $333,433
Avg Rent $1,368/mo
12120 β˜… β˜… β˜… β˜… β˜…
Medusa
Population 596
Avg Home $347,958
Avg Rent $1,557/mo
12147 β˜… β˜… β˜… β˜… β˜…
Rensselaerville
Population 508
Avg Home $372,865
Avg Rent $1,557/mo
12041 β˜… β˜… β˜… β˜… β˜…
Clarksville
Population 353
Avg Home $288,705
Avg Rent $1,431/mo
12045 β˜… β˜… β˜… β˜… β˜…
Coeymans
Population 237
Avg Home $258,023
Avg Rent $1,845/mo
12460 β˜… β˜… β˜… β˜… β˜…
Oak Hill
Population 161
Avg Home $318,006
Avg Rent $1,332/mo

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Frequently Asked Questions About Albany County

How does, NY compare against the broader NY market?

, NY sits broadly in line with the NY average on most investor metrics. Home values of $354K and rents of $1,622/mo set the benchmark here.

Are there empty rentals in, NY?

Expect elevated vacancy in, NY. Rents at $1,622/mo are absorbed by the tenant base without meaningful lag.

How much should I expect to pay for a home in, NY?

Median home price in, NY is near $354K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.

How do landlord-tenant laws work in, NY?

, NY operates under NY law, which is tenant-protective overall for landlords. Expect stable treatment in typical lease and eviction cases.

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