Albany County, New York home prices
Typical home $372,401 · +4.1% in a year · property tax 1.77%
The typical home in Albany County is worth $372,401, 29% less than the New York typical home ($524,942). Values changed +4.1% in the past year and +31.7% over five years. Homeowners here pay a median 1.77% of their home's value in property tax each year ($6,573 on the typical home), versus 1.42% statewide.
Mortgage on the typical Albany County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $74,480 | $297,920 | $2,004 | $0 | $734 | $2,738 | $117,300 |
| 10% down | $37,240 | $335,160 | $2,255 | $140 | $734 | $3,128 | $134,100 |
| 5% down | $18,620 | $353,780 | $2,380 | $147 | $734 | $3,261 | $139,800 |
| 3.5% down (FHA) | $13,034 | $365,655 | $2,460 | $165 | $734 | $3,358 | $143,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.77% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in New York · part of the Albany metro area.
New York counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Greene County | $368,122 | +3.7% | 1.49% |
| Warren County | $380,651 | +5.7% | 1.47% |
| Tompkins County | $350,432 | +3.5% | 2.24% |
| Rensselaer County | $327,950 | +5.8% | 2.05% |
| Yates County | $325,604 | +5.1% | 1.88% |
| Sullivan County | $323,717 | +4.8% | 2% |
| Ontario County | $323,653 | +5.8% | 2.05% |
| Schenectady County | $312,933 | +5.2% | 2.36% |
| Erie County | $295,625 | +3.4% | 1.98% |
| Ulster County | $451,636 | +3.6% | 1.77% |
Frequently asked questions
What is the average home price in Albany County, NY?
The typical home value in Albany County is $372,401 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Albany County?
About $117,300 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Albany County?
The median effective rate is 1.77% of home value a year (Census ACS 2024 5-year estimates).