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Albany, New York

Know what your Albany home is really worth

New York's state capital combines government-sector stability with a $325K median sale price and 6 active listings in a Capital Region market anchored by Empire State Plaza and the University at Albany.

Albany market snapshot

Median Sale Price
$325K
Median Days on Market
23 days
Active Listings
6

RentCast market data · Albany County County, New York

About Albany, New York

Albany ( AWL-bə-nee) is the capital city of the U.S. state of New York. It is also the county seat of, and the most populous city in Albany County. Albany is located on the west bank of the Hudson River, approximately ten miles (16 km) south of its confluence with the Mohawk River. Its population was 99,224 at the time of the 2020 census and was estimated at 101,317 in 2024.

The oldest city in New York, the City of Albany is the economic and cultural core of New York State's Capital District. The Capital District is a metropolitan area including the nearby cities and suburbs of Colonie, Troy, Schenectady, and Saratoga Springs. With an estimated 1.3 million residents, the Capital District is one of the most populous metropolitan areas and the fastest-growing region in Upstate New York.

The area that ultimately became Albany was originally inhabited by Algonquian-speaking Mohicans. The area was settled by Dutch colonists, who built Fort Nassau in 1614 for fur trading and Fort Orange in 1624. In 1664, the English took over the Dutch settlements, renaming the city "Albany" in honor of the Scottish title of the Duke of York (later James II of England and Ireland and James VII of Scotland): the Duke of Albany. The city was officially chartered in 1686 under English rule. It became the capital of New York in 1797 after the formation of the United States. Albany is the oldest surviving settlement of the original British Thirteen Colonies north of Virginia.

Albany by the numbers

Population 100,081 · Median age 31.9 yrs · Census ACS 2023

Median household income

Albany's median household income of $59,485 compares to $84,578 statewide and $78,538 nationally, per Census ACS 2023 5-year estimates.

Median age (years)

The median age in Albany is 31.9 yrs, compared to 39.6 yrs for New York and 38.7 yrs nationally.

Gender split

Albany is 47.6% male and 52.4% female, per Census ACS estimates.

Population trend — Albany

Albany's population grew 2.7% from 2019 to 2023, per Census ACS 5-year estimates.

Source: U.S. Census Bureau, American Community Survey 2023 5-year estimates.

Albany economy

Albany's economy, along with that of the Capital District in general, is heavily dependent on government, health care, education, and more recently, technology. Because of these typically steady economic bases, the local economy has been relatively immune to national economic recessions in the past. In 2009, more than 25 percent of the city's population worked in government-related positions. Albany's estimated daytime population is more than 162,000. Companies based in Albany include Trans World Entertainment, AMRI Global and Clough Harbour. In 2019, Albany had the fourth-highest amount of lawyers in its employment pool (7.5 lawyers per 1,000 jobs) compared to the rest of the nation, behind Washington, D.C., Trenton, New Jersey, and New York City, respectively.

Source: Wikipedia article on Albany under CC BY-SA 4.0.

Climate in Albany

Monthly climate — Albany

Source: NOAA Climate Data Online, 1991–2020 climate normals, station GHCND:USC00193213.

Average annual rainfall: 0.5 inches across 0 days per year.

Albany real estate — frequently asked questions

What is the median home price in Albany?
The median home sale price in Albany, NY is $325,000, based on the most recent available sales data.
How long do homes stay on the market in Albany?
Homes in Albany sell in a median of 23 days.
What is the cost of living like in Albany?
Albany has a median household income of $59,485, per U.S. Census Bureau ACS estimates.
Who lives in Albany?
Albany has a population of 100,081 with a median age of 31.9 years, per U.S. Census Bureau ACS estimates.
How do I sell my home in Albany?
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ForSaleAmerica.com is an online marketplace and is not a real estate brokerage in New York. Property valuations shown are automated estimates based on public data and are not appraisals, comparative market analyses, or guarantees of sale price. We connect homeowners with top local agents and partners — we do not represent buyers or sellers.