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Rensselaer Falls

Learn about the people, housing, costs and businesses in Rensselaer Falls, New York

Median Home$151,800
Median Rent$644/month
Population351
Leading IndustriesPublic Administration · Manufacturing · Professional Services44% public administration
Home Value Growth⬆⬆+14.1% over 2 years
Young Adults43% of residentstop 2% nationally
Renters53% of occupied units
NotableTransit88/100 · excellent transit access
NotableHighly Educated24% hold a bachelor's degree · top 21% nationally
Rensselaer Falls
NY

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Frequently Asked Questions

What are today's mortgage rates in Rensselaer Falls?

As of today, the 30-year fixed mortgage rate for Rensselaer Falls is approximately 6.881% (6.917% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Rensselaer Falls?

The median home value in Rensselaer Falls is $152k. The median monthly rent is $644. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rensselaer Falls?

Home values in Rensselaer Falls have increased 14.1% over the past two years. This indicates a strong appreciation trend. 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 Rensselaer Falls?

Based on a typical all-in ownership cost of $831/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rensselaer Falls is $48k/year.

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What industries drive the economy in Rensselaer Falls?

The largest employment sectors in Rensselaer Falls are public administration (44%) and healthcare (7%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.