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A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.
What would change this read: the median listing price is +9.5% YoY. inventory, +6.1% YoY, is the number to watch.
The median listing price is up 9.5% YoY while the median home got down 6.4% bigger, so value per square foot is up 13.5%.
U.S. Census ACS characteristics for ZIP 12302 itself, not its parent county.
Renters hold 24.2% of this ZIP's 11,759 occupied households, on a median household income of $98K.
| Measure | ZIP 12302 | Schenectady County | Difference |
|---|---|---|---|
| Median Household Income | $98K | $80K | +$19K |
| Below Poverty Level | 4.7% | 13.3% | -8.6% |
| Median Age | 43.30 | 39.60 | +3.70 |
| Total Population | 28,031 | 160,369 | -- |
| Avg Household Size | 2.33 | 2.32 | +0.01 |
| Owner-Occupied | 75.8% | 64.0% | +11.7% |
| Worked From Home | 15.3% | 14.3% | +1.0% |
| Mean Commute | 24.10 | 22.80 | +1.30 |
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 160,369: residents under 18 are down 0.1% and those 65 and over are up 1.9%.
County median household income is $80K, 13.3% of residents are below the poverty level, 14.3% work from home.