Markets › Albany
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Albany NY
Covers Albany, Schenectady and Troy.
Current market read
Landlord’s market
ConditionTight
The yearly data reads a landlord's market, and the recent monthly signals are tightening further.
From public data. The situation now, not a forecast.
Momentum · which way it's movingRENT + JOBS · UPDATED MONTHLY
Heating
Tightening lately, asking rents are climbing, as of Aug 2026.
VacancyCENSUS · 2024
Share of rentals sitting empty. Yearly Census backdrop, not what sets the condition.
Asking rentZILLOW · MONTHLY
+4.8%
▲ Year over year
SEP ’24AUG ’26
Census 2024: +3.7% · US avg +5.2%
Median rentCENSUS · 2024
$1,341/mo
Typical rent, 2024 yearly count
In the news · AlbanyNEWS · DAILY
Latest local coverage, 2 days ago.● softer● neutral● firmer
Albany’s new housing pace slows - Albany Business ReviewSteamboat Square to assist Albany's housing crisisThe Albany region's largest apartment and townhouse communitiesView all 7 Albany news →Demand vs supplyCENSUS + BLS
Moderate demand
DEMAND
Jobs+0.4%
Migration 2025+2.6/1k
SUPPLY
Permits 2025-34.7%
Vacancy 20242.1%
Rent vs buyFREDDIE MAC · WEEKLY
+$989/mo
Cheaper to rent than buying
rent $1,341 · own $2,330
$1,341RENT
$2,330OWN
Net migrationCENSUS · 2025
+2.6/1k
▲ Net inflow of residents
OUTFLOWINFLOW
Census · BLS · FRED · Zillow · news
For information only. Not investment advice. AI-written summaries can make mistakes.