dynamic.RE
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A cash-flow-lean market. Rents carry the return here rather than price growth.
What would change this read: price growth (median −9.8% YoY) outrunning rents would pull rent-to-price back under 0.8%/mo and weaken the cash-flow case. inventory, −1.7% YoY, is the number to watch.
The median listing price is down 9.8% YoY while the median home got up 0.6% bigger, so value per square foot is down 8.0%.
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 $230K purchase rents for $1,950/mo: 0.85% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 1 BR (rent only, no matching sale price), 5 BR (sale only, no matching rent), 7 BR (sale only, no matching rent), 8 BR (sale only, no matching rent).
Sales here take about 10 days longer to go under contract than rentals.
Not shown: Apartment (rented here, not sold), Condo (rented here, not sold), Land (sold here, not rented), Multi-Family (sold here, not rented), Townhouse (sold here, not rented).
U.S. Census ACS characteristics for ZIP 12209 itself, not its parent county.
Renters hold 34.0% of this ZIP's 4,323 occupied households, on a median household income of $89K.
| Measure | ZIP 12209 | Albany County | Difference |
|---|---|---|---|
| Median Household Income | $89K | $85K | +$4K |
| Below Poverty Level | 7.5% | 13.0% | -5.5% |
| Median Age | 35.10 | 38.40 | -3.30 |
| Total Population | 10,626 | 317,018 | -- |
| Avg Household Size | 2.43 | 2.21 | +0.22 |
| Owner-Occupied | 66.0% | 56.6% | +9.4% |
| Worked From Home | 14.1% | 15.2% | -1.1% |
| Mean Commute | 23.50 | 21.40 | +2.10 |
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.