Affordable
Expensive
Expensive
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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 $151,833, lower than the Albany average of $292,893.
The average cost of rent is $973/mo in Arbor Hill, primarily driven by the current value of real estate in the Arbor Hill area. In Arbor Hill, 71.76% of households rent, and 62.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Arbor Hill is $4,127 per month. Households that rent pay about 23.59% of their income on rent here. Arbor Hill’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Sheridan Hollow, Albany, NY: higher priced homes
- Central Ave, Albany, NY: higher priced homes
- Center Square, Albany, NY: higher priced homes
- West Hill, Albany, NY: less expensive homes
- South End, Albany, NY: equally priced homes
- Pine Hills, Albany, NY: higher priced homes
- West End, Albany, NY: higher priced homes
- Delaware Avenue, Albany, NY: higher priced homes
- Helderberg, Albany, NY: higher priced homes
- New Scotland-Woodlawn, Albany, NY: higher priced homes
Neighborhoods with Similar Populations
- Northwest Everett, Everett, WA: higher priced homes
- Villages at Rancho El Dorado, Silver Bell, AZ: higher priced homes
- Westminster Historic District, Westminster, MD: higher priced homes
- Westlake Village, Westlake Village, CA: higher priced homes
- North Ukiah, Ukiah, CA: higher priced homes
- Medina Public Square Historic District, Medina, OH: higher priced homes
- Geist, Indianapolis, IN: higher priced homes
- Frenchtown, Westbrook, ME: higher priced homes
- Washington Court House Historic District, Washington Court H: higher priced homes
- Sandusky Street Historic District, Delaware, OH: higher priced homes
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