Real Estate Investing in Albany, New York (12210)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12210 (Albany, NY)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 18.9% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Albany, NY (12210)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 12210 Albany
ZIP 12210 in Albany, NY carries a notable set of headwinds. Home values near $263K and rents of $1,460/mo sit inside a market where underwriting has to be tight.
On the rental side, the numbers look inviting — $263K purchase price, 0.0% nominal cap — the work to hit that pro forma in 12210 is substantial and deserves full respect.
From an investor standpoint, 12210 offers a low basis, the region around Albany has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 12210 includes headwinds that any investor should price in. Income distribution skews lower than Albany averages, and tenant stability requires active management.
Strategically, 12210 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Albany:
Property Strategy for 12210
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $171,646 | $1,320 | 5.5% | +5.8% | $171,646 |
| 2BR | $275,676 | $1,580 | 4.1% | +6.8% | $137,838 |
| 3BR | $259,461 | $1,890 | 5.2% | +6.2% | $86,487 |
| 4BR | $315,544 | $2,090 | 4.8% | +5.7% | $78,886 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 12210 Compare?
| Metric | 12210 | Albany | Albany-Schenectady-Troy, NY | New York |
|---|---|---|---|---|
| Home Value | $262,826 | $223,489 | N/A | $505,608 |
| 5-Year CAGR | 4.8% | 6.7% | N/A | 6.6% |
| Avg Rent | $1,460 | $1,684 | N/A | - |
| Cap Rate | 4.3% | 4.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 12210 (Albany, 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
AllyPropertyManagement.com is a domain name available for sale. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $262,826 |
| Monthly Rent | $1,460 |
| Price-to-Rent | 15.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.3% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +1.6% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 Rent Trends
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 12210
Population: 9,725
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 12210
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
ALBANY SCHOOL OF HUMANITIES
NORTH ALBANY ACADEMY MIDDLE SCHOOL
STEPHEN AND HARRIET MYERS MIDDLE SCHOOL
WILLIAM S HACKETT MIDDLE SCHOOL
ARBOR HILL ELEMENTARY SCHOOL
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What investment strategy works best in Albany, NY?
In Albany, NY the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $263K prices and $1,460/mo rents suits that approach.
How landlord-friendly is Albany, NY?
The landlord environment in Albany, NY is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
What are vacancy rates like in Albany, NY?
Albany, NY sees elevated vacancy, which is reasonable relative to the broader NY rental market.
Is Albany, NY suited for a house hack?
For house hackers, Albany, NY is a challenging. The $1,460/mo rent on a unit helps defray the mortgage on a $263K property.
Are homes affordable in Albany, NY?
Albany, NY median home values land near $263K. That is reasonable territory for investors looking at $1,460/mo-per-month rentals.
You know 12210 now. You don’t know where it ranks.
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How 12210 ranks in Albany-Schenectady-Troy, NY
Every ZIP in this metro, ranked. Free.
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