Market Overview
Home Prices in Schenectady, NY
The median home value in Schenectady, NY is $334,098 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.5% compared to a year ago and up 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Schenectady are priced19% below average. Schenectady is part of the Albany-Schenectady-Troy, NY metro area.
Over the past five years, Schenectady home values have risen by approximately35.3%, reflecting strong long-term appreciation in this market.
Price History
Schenectady Home Price Trend
City Comparison
Schenectady vs. National Median
At $334,098, homes in Schenectady cost 19% below the national median of $410,000. This makes Schenectady a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Schenectady?
20% Down Payment
$66,820
on $334,098
Monthly P&I
$1,742/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,212/mo
incl. taxes & insurance
Income Needed
$88,480
gross annual (30% rule)
10% Down Option
$33,410
+ PMI applies
Loan Amount (20% dn)
$267,278
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Schenectady, NY?
The median home value in Schenectady is $334,098 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.5% year-over-year.
How much have home prices changed in Schenectady?
Over the past year, home values in Schenectady have increased by 5.5%. Over five years, prices have risen approximately 35.3%.
How much do I need to earn to buy a home in Schenectady?
To comfortably afford the median home price of $334,098 with a 20% down payment ($66,820) at today's rates (6.8%), you'd need a gross annual income of approximately $88,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Schenectady compare to the national average home price?
The national median home value is approximately $410,000. At $334,098, homes in Schenectady are 19% below the national average.
What metro area is Schenectady part of?
Schenectady is part of the Albany-Schenectady-Troy, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.