The median home value in ZIP Code 12304 (Schenectady, NY) is $125,800. Approximately 58.1% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 1.1%.
The average occupancy of owner-occupied units in ZIP Code 12304 is 2.78 occupants, while owner-occupied units have an aggregate average size of 2.58 bedrooms per housing unit.
In the 12304 ZIP Code, an estimated 41.9% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 5.8%.
Among renter-occupied units in this ZIP, the average occupancy is 2.45 occupants, while renters in this Schenectady County region spend an average of 0% of their income on housing rental costs.
See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 12304.
| ZIP 12304 | New York | U.S. | |
|---|---|---|---|
| Median Home Value | $125,800 | $461,889 | $364,385 |
| Owner-Occupied Housing Units | 58.1% | 53.9% | 64.0% |
| Homeowner Vacancy Rate | 1.1% | 1.7% | 1.6% |
| Average Size of Owner-Occupied Unit | 2.78 | 2.74 | 2.70 |
| Average # of Bedrooms Per Unit | 2.58 | 2.48 | 2.75 |
| Median Housing Rent | $0 | $1,280 | $1,062 |
| Renter-Occupied Housing Units | 41.9% | 46.1% | 36.0% |
| Rental Vacancy Rate | 5.8% | 4.2% | 6.0% |
| Average Size of Renter-Occupied Unit | 2.45 | 2.41 | 2.49 |
| Percent of Income Spent on Rent | 0% | 30.25% | 29.83% |
The median home value in ZIP Code 12304 is $125,800. That median value is about 60% lower than the median home value of $313,700 in New York overall, and is 42% lower than the $217,500 the median home value in the entire U.S. An estimated 29.6% of homes in ZIP Code 12304 are valued $50,000 to $99,999. That is 199% higher than in the stat of New York, in which 9.9% of homes are valued at $50,000 to $99,999, and is about 147% higher than in the U.S. overall (12.0% of homes valued at $50,000 to $99,999). The home value range that the smallest portion of ZIP Code 12304 homes fall into is $1,000,000 or more (0.2% of homes).
This chart visualizes the breakdown of home values in ZIP Code 12304, New York, and also in the U.S. overall.
See the table below for a regional comparison of home values in ZIP Code 12304.
| Home Value | ZIP 12304 | New York | U.S. |
|---|---|---|---|
| Less than $50,000 | 4.9% | 4.4% | 6.9% |
| $50,000 to $99,999 | 29.6% | 9.9% | 12.0% |
| $100,000 to $149,999 | 25.9% | 10.8% | 13.3% |
| $150,000 to $199,999 | 15.2% | 9.6% | 14.0% |
| $200,000 to $299,999 | 14.7% | 13.6% | 19.6% |
| $300,000 to $499,999 | 9.1% | 22.9% | 19.3% |
| $500,000 to $999,999 | 0.3% | 21.2% | 11.4% |
| $1,000,000 or more | 0.2% | 7.7% | 3.4% |
Approximately 37.0% of homes in this Schenectady, NY region were built in 1939 or earlier. This amount of homes built in 1939 or earlier in ZIP Code 12304 is about 15% higher than percentage of homes built in this time period in New York overall (32.1% of homes), and is 194% higher the percentage (12.6% of homes) in the U.S. as a whole. Additionally, an esimated 12.8% of local homes were built in 1950 to 1959. On the other end of the scale, just 1.1% of homes in this Schenectady County ZIP Code were built in 2014 or later in ZIP Code 12304. In comparison, 1.1% of homes in New York overall were built in 2014 or later, while 2.5% of all U.S. homes were built in this time period.
A detailed regional comparison of home ages in ZIP Code 12304.
| Year Built | ZIP 12304 | New York | U.S. |
|---|---|---|---|
| 2014 or later | 1.1% | 1.1% | 2.5% |
| 2010 to 2013 | 1.9% | 1.6% | 2.7% |
| 2000 to 2009 | 4.2% | 6.3% | 14.0% |
| 1990 to 1999 | 5.5% | 6.2% | 13.9% |
| 1980 to 1989 | 9.1% | 7.5% | 13.4% |
| 1970 to 1979 | 12.1% | 9.9% | 15.2% |
| 1960 to 1969 | 6.8% | 12.5% | 10.6% |
| 1950 to 1959 | 12.8% | 14.7% | 10.3% |
| 1940 to 1949 | 9.5% | 8.1% | 4.9% |
| 1939 or earlier | 37.0% | 32.1% | 12.6% |
See the chart below for details on the age of homes in ZIP Code 12304, New York, and also in the U.S. overall. Data here refers to years that homes were built.
Frequently asked questions about housing in this Schenectady, NY ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 12304.
