dynamic.RE
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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already +63.5% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −16.7% YoY, is the number to watch.
The median listing price is up 63.5% YoY while the median home got up 40.5% bigger, so value per square foot is down 9.4%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $715K purchase rents for $1,900/mo: 0.27% of price per month against the 1% rule's 1.00%.
Not shown: Condo (no rent per sq ft reported).
U.S. Census ACS characteristics for ZIP 12204 itself, not its parent county.
Renters hold 69.4% of this ZIP's 3,616 occupied households, on a median household income of $75K.
| Measure | ZIP 12204 | Albany County | Difference |
|---|---|---|---|
| Median Household Income | $75K | $85K | -$10K |
| Below Poverty Level | 11.1% | 13.0% | -1.9% |
| Median Age | 35.80 | 38.40 | -2.60 |
| Total Population | 7,812 | 317,018 | -- |
| Avg Household Size | 2.13 | 2.21 | -0.08 |
| Owner-Occupied | 30.6% | 56.6% | -26.0% |
| Worked From Home | 12.3% | 15.2% | -2.9% |
| Mean Commute | 24.00 | 21.40 | +2.60 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.5% to 317,018: residents under 18 are down 0.5% and those 65 and over are up 2.6%.
County median household income is $85K, 13.0% of residents are below the poverty level, 15.2% work from home.