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Schenectady city, NY

ZIP 12308 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 12308

Median Home Value
$180,100
Median Rent
$966
Affordability Snapshot
$50,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,157/mo PITI).

19%
Rent-to-Income Ratio

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

3.0x
Home Price-to-Income Ratio

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

15.5 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 12308 in Schenectady city, NY, a household would need roughly $50,000 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 $1,157. That sits below the local median household income ($59,789), 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
44.4%-32% vs US avg
x
Vacancy Rate
7.6%-27% vs US avg
x
Broadband Access
84.9%-2% vs US avg
x
4+ Bedrooms
3.6%-76% vs US avg
x
Built Pre-1939
9.1%-29% vs US avg
x
Built Post-2014
1.7%-76% vs US avg
x
Rent Burden >30%
32.9%-34% vs US avg
x
Mortgage-Free
48.0%+26% vs US avg
x
$180,100
Home Value
$966
Rent
1938
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 detached39.0%
  • 1-unit attached1.6%
  • 2-9 units50.2%
  • 10+ units8.7%
  • Mobile home & other0.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$180,100
Median rent$966
Owner-occupied44.4%
Vacant7.6%
Price-to-income3.0x
Est. income to buy$50,000