The Most Affordable Neighborhoods in Rensselaer Falls, NY by Home Value

These days, finding an affordable place to live in the Rensselaer Falls area can be challenging. Home prices in Rensselaer Falls are now at a median cost of $94,900, lower than the New York average of $610,895.

The average cost of rent is $607/mo in Rensselaer Falls, primarily driven by the current value of real estate in the Rensselaer Falls area. In Rensselaer Falls, 25.34% of households rent, and 55.83% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Rensselaer Falls is $4,593 per month. Households that rent pay about 13.21% of their income on rent here. Rensselaer Falls’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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