Rental market data · 2024 Census estimates

Albany, NY rental yield and cash flow

In the Albany-Schenectady-Troy, NY metro, the median owner-occupied home was valued at $316,300 and the median gross rent was $1,341 a month in 2024. That is a gross rent yield of 5.09%, rank 43 of the 100 largest metros we track.

$316,300Median home value (±$6,240)

$1,341Median gross rent / mo (±$37)

5.09%Gross rent yield

19.7Price-to-rent ratio

1.59%Median taxes ÷ median value

36%Renter-occupied homes

0.42%Monthly rent ÷ price (1% rule)

0.91MMetro population

Does the median home cash flow at today's rate?

We priced a hypothetical rental at the metro medians: $316,300 purchase, $1,341 rent, 25% down, a 30-year loan at 7.28% (Freddie Mac's 30-year average for the week of October 1, 2026), $5,041 in annual property taxes, insurance at 0.5% of price, and 5% vacancy, 10% repairs and 8% management.

At these assumptions the median-priced home runs about $1,142 a month short of covering its costs (DSCR 0.30). Rent would need to reach about $2,825, 111% above the median, to break even, or the price would need to be near $89,659 for a 1.25 DSCR. Net operating income is about $5,768 a year, a 1.82% cap rate, against $19,477 of annual debt service.

Investment-property loans usually price above the owner-occupant average this survey reports, and your insurance quote, tax bill and rent will differ from a metro median. Change any input below.

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How Albany compares

Metros with the nearest gross yields among the 100 we track. * Cash flow uses the same assumptions as above.

Rank	Metro	Median value	Median rent	Gross yield	Price-to-rent	Cash flow / mo*
40	Louisville, KY-IN	$265,900	$1,140	5.14%	19.4	-$775
41	Virginia Beach, VA-NC	$363,400	$1,556	5.14%	19.5	-$1,064
42	North Port, FL	$452,100	$1,920	5.10%	19.6	-$1,316
43	Albany, NY	$316,300	$1,341	5.09%	19.7	-$1,142
44	Omaha, NE-IA	$292,800	$1,230	5.04%	19.8	-$1,064
45	Kansas City, MO-KS	$314,300	$1,315	5.02%	19.9	-$1,013
46	Philadelphia, PA-NJ-DE-MD	$375,100	$1,567	5.01%	19.9	-$1,293

What these numbers leave out

Census gross rent includes utilities when the tenant pays them, so it can overstate what a landlord collects. Median value describes owner-occupied homes, not the rental stock, and a metro median hides wide neighborhood differences. Treat this page as a screen, then underwrite the specific property.

Sources

U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B25064 (median gross rent)
U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B25077 (median value, owner-occupied housing units)
U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B25103 (median real estate taxes paid)
U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B25003 (housing tenure)
U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B01003 (total population)
Freddie Mac Primary Mortgage Market Survey (30-year fixed average, week of October 1, 2026)

Data snapshot October 7, 2026. Methodology: all metros.