The Most Affordable Neighborhoods in Arbor Hill, Albany, NY by Home Value

 

Arbor Hill, Albany, NY Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Arbor Hill area can be challenging. Home prices in Arbor Hill are now at a median cost of $97,876, lower than the Albany average of $237,436.

The average cost of rent is $873/mo in Arbor Hill, primarily driven by the current value of real estate in the Arbor Hill area. While nearly 64.38% of residents own their homes outright in Arbor Hill, 71.36% rent.

Housing affordability isn’t just about home prices, though. The average household income in Arbor Hill is $2,299 per month. Households that rent pay about 37.96% of their income on rent here. Arbor Hill's most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the neighborhood.


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