US5.com
  1. Home
  2. States
  3. New York
  4. ZIP 12203
  5. Housing & Real Estate
Albany city, NY

ZIP 12203 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 12203

Median Home Value
$258,800
Median Rent
$1,208
Affordability Snapshot
$71,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,662/mo PITI).

18%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

17.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 12203 in Albany city, NY, a household would need roughly $71,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,662. That sits below the local median household income ($80,055), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
48.6%-26% vs US avg
x
Vacancy Rate
8.7%-16% vs US avg
x
Broadband Access
85.9%-1% vs US avg
x
4+ Bedrooms
2.9%-81% vs US avg
x
Built Pre-1939
8.0%-38% vs US avg
x
Built Post-2014
0.0%-100% vs US avg
x
Rent Burden >30%
25.7%-48% vs US avg
x
Mortgage-Free
40.4%+6% vs US avg
x
$258,800
Home Value
$1,208
Rent
1960
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached42.9%
  • 1-unit attached4.8%
  • 2-9 units39.3%
  • 10+ units12.8%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$258,800
Median rent$1,208
Owner-occupied48.6%
Vacant8.7%
Price-to-income3.2x
Est. income to buy$71,000