Median Home PriceBETTER
$352,754.27
Median RentBETTER
$1,575.1/mo
Price-to-Rent RatioBETTER
18.7
Property Tax RateTIE
1.72%
Price Change (1Y)BETTER
+4.1%
Price Change (5Y)BETTER
+20.4%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$175,629
Median Home Price
$1,182,635.83
Median Rent
$4,367.24/mo
Price-to-Rent Ratio
22.6
Property Tax RateTIE
1.72%
Price Change (1Y)
+1.4%
Price Change (5Y)
+7.2%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$967,229
Key Differences
Home Prices
Albany's median home price of $352,754.27 is lower than New York's $1,182,635.83 by 70%.
Monthly Rent
Renting in Albany costs $1,575.1/mo compared to $4,367.24/mo in New York—a difference of $2,792.14/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.