Albany Metro Area First-Time Homebuyer Report for October

The Albany Metro Area is much younger than the rest of USA, with a median age of 39. It's very affluent as well, with a median income of $55,759 per household. Albany County, Saratoga County, and Rensselaer County are its three most populated counties. The Albany Metro Area market is almost exclusively made up of detached houses, which currently account for 91% of the homes for sale in the area. Leading the list of top schools in the metro area are Red Mill School, Iroquois Middle School, and Baccalaureate School for Global Education.

Price Range

The median value of homes in the Albany Metro Area is $193,900, making it one of the most valuable areas in USA. At the same time, the average list price of available homes is presently $222,979. Saratoga County, Albany County, and Rensselaer County are the costliest places in the metro area.

Out of all the listings in the Albany Metro Area, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$385K   $190K   $280K  

Typical Dwelling

A three-bedroom detached home valued around $211,115 is considered a typical dwelling in the Albany Metro Area. If a buyer was looking for a similar home, they would need good credit and a $42,223 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,237 and the property tax rate is $22.89 per $1,000 of taxable assessed value.

Get started right now by checking out Albany Metro Area homes for sale or reviewing Albany Metro Area real estate trends.

Data reported through 10/13/2016


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