Schenectady County, New York Housing Market Prices
Schenectady County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 55% below the New York median$212,185
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Median rent 26% below the New York median$1,193
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Schenectady County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $212,185 | $471,885 | $248,835 |
| Price Trend (Annual %) | 8.9% | 7.1% | 7.5% |
| Median Gross Rent | $1,193 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Schenectady County is about 55% lower than in New York. Rent is about 26% lower than the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Schenectady County, up about 8.9% and 4.2% a year respectively. Home prices are changing faster.
Median rent in Schenectady County rose about 41.3% between 2015 and 2024, from $844 to $1,193. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Schenectady County.
Buying the median-priced home in Schenectady County costs roughly 14.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Schenectady County. The price-to-rent ratio in New York is about 24.3.
| Metric | Schenectady County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $212,185 | $471,885 | $248,835 |
| Median Household Income | $80,482 | $86,556 | $80,455 |
| Price-to-Income Ratio | 2.6 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Schenectady County rose about 77.2%, while median household income rose about 41.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Schenectady County | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.2% | 48.8% | 58.5% |
| Rental Rate | 33.8% | 41.1% | 31.2% |
| Vacancy Rate | 6.1% | 10.1% | 10.2% |
| Median Tenure (years) | 16.0 | 17.0 | 15.0 |
| Median Year Moved In | 2010 | 2009 | 2011 |
Schenectady County has a homeownership rate of 60.2%, higher than the New York average of 48.8%. Its housing vacancy rate is 6.1%, compared with 10.1% in New York.
Housing Stock
| Metric | Schenectady County | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.32 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1960 | 1960 | 1978 |
| Median Number of Rooms | 5.8 | 5.0 | 5.5 |
The typical housing unit in Schenectady County was built around 1960. On average, 2.3 people live in a home with about 5.8 rooms, staying for about 16.0 years on average.
Schenectady County, NY Housing Compared With Nearby Counties
Schenectady County, NY is the 3rd largest of the 6 counties compared here, 160,313 residents against a local median of 49,864. Where Schenectady County, NY breaks from the counties next to it is median home price, sitting 39% above the local median of $152,503 at $212,185.
Median rent tells the same story from another angle: $1,193 against a local median of $940, 27% above it. The counties themselves spread $84,143 on median home price, so Schenectady County, NY sits at one end of an already wide local range rather than apart from it. Schenectady County, NY has the highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Schenectady County, NY | 160,313 | $212,185 #1/6 | $1,193 #3/6 | 64.1% #5/6 |
| Albany County, NY | 317,009 | $182,714 | $1,313 | 56.6% |
| Saratoga County, NY | 238,162 | $99,814 | $1,393 | 72.3% |
| Montgomery County, NY | 49,528 | $152,503 | $940 | 70.4% |
| Schoharie County, NY | 30,049 | $154,687 | $909 | 76.4% |
| Fulton County, NY | 49,864 | $98,571 | $912 | 72.2% |
Frequently Asked Questions
Common questions about the housing market in Schenectady County, New York.
What is the median home price in Schenectady County, New York?
The median home price in Schenectady County, New York is $212,185, lower than the New York average of $471,885.
What is the average home price in Schenectady County, New York?
The typical home price in Schenectady County, New York, reported as the median sale price, is $212,185. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Schenectady County, New York?
The median gross rent in Schenectady County, New York is $1,193 per month, lower than the New York average of $1,621.
What was the median gross rent in Schenectady County in 2020?
In 2020, the median gross rent in Schenectady County, New York was $963 per month.
What is the price-to-rent ratio in Schenectady County, New York?
The price-to-rent ratio in Schenectady County, New York is about 14.8, meaning it would take roughly 14.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Schenectady County.
Are home prices or rent rising faster in Schenectady County, New York?
Both home prices and rent are rising in Schenectady County, up about 8.9% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Schenectady County, New York?
60.2% of households in Schenectady County, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in Schenectady County, New York?
The housing vacancy rate in Schenectady County, New York is 6.1%, lower than the New York average of 10.1%.
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