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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 +6.1% YoY. inventory, +19.7% YoY, is the number to watch.
The median listing price is up 6.1% YoY while the median home got down 6.1% bigger, so value per square foot is down 1.1%.
U.S. Census ACS characteristics for ZIP 12304 itself, not its parent county.
Renters hold 40.4% of this ZIP's 9,306 occupied households, on a median household income of $69K.
| Measure | ZIP 12304 | Schenectady County | Difference |
|---|---|---|---|
| Median Household Income | $69K | $80K | -$10K |
| Below Poverty Level | 22.1% | 13.3% | +8.8% |
| Median Age | 41.00 | 39.60 | +1.40 |
| Total Population | 22,403 | 160,369 | -- |
| Avg Household Size | 2.36 | 2.32 | +0.04 |
| Owner-Occupied | 59.6% | 64.0% | -4.4% |
| Worked From Home | 13.4% | 14.3% | -0.9% |
| Mean Commute | 22.80 | 22.80 | 0.00 |
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.