Is Albany, NY a good place to invest in rental property?

Albany, NY has a median modeled monthly cash flow of $-60 and a median cap rate of 6.0%, on a median sold price of $300,000. Prices changed +4.8% year over year.

What is the average cap rate in Albany, NY?

The median cap rate across recently sold homes in Albany, NY is 6.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Albany, NY?

The median sold price in Albany, NY is $300,000 (about $176 per square foot).

Investing in Albany, NY Real Estate

A data-driven snapshot of the Albany, NY rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$300,000Median sold price

$176Median $/sqft

6.0%Median cap rate

$-60Modeled cash flow / mo

+4.8%Appreciation YoY

8.9Months of supply

726Active listings

983Sold (last 12 mo)

What the Albany numbers say

In Albany, NY, the median home sold for $300,000 (about $176 per square foot), and the typical deal models out to a 6.0% cap rate with a median $-60 of monthly cash flow. Sold prices moved +4.8% over the past year. Inventory sits at about 8.9 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

🔨 See 10 fix-and-flip deals in Albany — listings where the estimated after-repair value beats list price + rehab.

Other New York markets to compare

See Albany cash-flowing listings

CashFlowRE ranks every for-sale home in Albany, NY by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Albany deals, or browse the national market data.