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

Albany, NY has a median modeled monthly cash flow of $-95 and a median cap rate of 5.9%, on a median sold price of $300,000. Prices changed +6.2% year over year.

What is the average cap rate in Albany, NY?

The median cap rate across recently sold homes in Albany, NY is 5.9%, 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 $180 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

$180Median $/sqft

5.9%Median cap rate

$-95Modeled cash flow / mo

+6.2%Appreciation YoY

11.6Months of supply

927Active listings

958Sold (last 12 mo)

What the Albany numbers say

In Albany, NY, the median home sold for $300,000 (about $180 per square foot), and the typical deal models out to a 5.9% cap rate with a median $-95 of monthly cash flow. Sold prices moved +6.2% over the past year. Inventory sits at about 11.6 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 26 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.