Home prices
Albany's median home price is $179,100. This is approximately $23,020 (11%) lower compared to other places in this area.Compared to the US as a whole it is approximately $38,400 (17%) lower, and it is approximately $22,900 (14%) higher in comparison to the city of Springfield.
Rents
Albany's median monthly rent is $969. Compared to other places in this area it is about $156 (13%) lower.Compared to the entire nation it is approximately $93 (8%) lower, and it is approximately $92 (10%) higher in comparison to the city of Springfield.
Nearby places
Rensselaer
Rensselaer is Albany's neighbor to the southeast. Real estate prices there are somewhat less expensive. The median home in Rensselaer is valued at $143,300, which works out to $35,800 (24%) lower than Albany. Rents there are similar. The median monthly rent in Rensselaer is $965, which is very similar to Albany.
Menands
Menands is Albany's neighbor to the northeast. Its housing prices are somewhat more expensive. Menands's median home cost is $252,200, which is $73,100 (28%) higher than Albany. Rents there are a bit more expensive. In Menands the median monthly rent is $1,211, which works out to $242 (19%) higher than Albany.
Westmere
Westmere is Albany's neighbor to the northwest. Real estate prices there are a bit more expensive. The median home in Westmere costs $232,800, which is $53,700 (23%) higher than Albany. Its rents are somewhat more expensive. In Westmere the median rent is $1,260 per month, which works out to $291 (23%) higher than Albany.
Colonie
Colonie is about 3 miles northwest from Albany. Real estate prices there are a little more expensive. The cost of the median home in Colonie is $217,600, which is $38,500 (17%) higher than Albany. Its rents are somewhat more expensive. Colonie's median monthly rent is $1,262, which works out to $293 (23%) higher than Albany.
Hampton Manor
Hampton Manor is roughly 4 miles southeast of Albany. The real estate prices there are a little less expensive. Hampton Manor's median home cost is $164,700, which is $14,400 (8%) lower than Albany. Rent there is pretty similar. The median monthly rent in Hampton Manor is $926, which comes out to $43 (4%) lower than Albany.
