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Schenectady city, NY

ZIP 12307 — Housing & Real Estate

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

Low Income AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 12307

Median Home Value
$95,900
Median Rent
$861
Affordability Snapshot
$26,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$616/mo PITI).

31%
Rent-to-Income Ratio

Above the 30% affordability threshold — housing cost-burdened area.

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

9.3 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 12307 in Schenectady city, NY, a household would need roughly $26,000 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 $616. That sits below the local median household income ($33,191), 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

Vacancy rate 10% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
27.1%-59% vs US avg
x
Vacancy Rate
10.1%-2% vs US avg
x
Broadband Access
78.9%-9% vs US avg
x
4+ Bedrooms
5.3%-64% vs US avg
x
Built Pre-1939
5.6%-56% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
48.5%-2% vs US avg
x
Mortgage-Free
39.7%+4% vs US avg
x
$95,900
Home Value
$861
Rent
1958
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

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

  • 1-unit detached16.3%
  • 1-unit attached2.8%
  • 2-9 units63.5%
  • 10+ units16.8%
  • Mobile home & other0.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$95,900
Median rent$861
Owner-occupied27.1%
Vacant10.1%
Price-to-income2.9x
Est. income to buy$26,000