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Albany

Learn about the people, housing, costs and businesses in Albany

Median Home$381,149
Median Rent$1,318/month
Population130,706
Leading IndustriesConstruction · Agriculture & Mining · Wholesale Trade4% construction
Home Value Growth⬆+8.5% over 2 years
Retirees20% of residentsslightly above average
Homeowners67% of occupied units
NotableTransit75/100 · excellent transit access
NotableVeteran Community9% of residents · top 18% nationally
Albany

Explore Albany

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Albany?›

Mortgage rates for Albany are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

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What is the median home price in Albany?›

The median home value in Albany is $381k. The median monthly rent is $1,318. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Albany?›

Home values in Albany have increased 8.5% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Albany?›

Based on a typical all-in ownership cost of $1,360/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $58k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Albany is $77k/year.

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What industries drive the economy in Albany?›

The largest employment sectors in Albany are public administration (25%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.