Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Rensselaer area can be challenging. Home prices in Rensselaer are now at a median cost of $221,748, lower than the New York average of $481,023.
The average cost of rent is $1,407/mo in Rensselaer, primarily driven by the current value of real estate in the Rensselaer area. While nearly 29.88% of residents own their homes outright in Rensselaer, 44.58% rent.
Housing affordability isn’t just about home prices, though. The average household income in Rensselaer is $8,057 per month. Households that rent pay about 17.46% of their income on rent here. Rensselaer's most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Prospect Heights, NY: equally priced homes
- East Greenbush, NY: higher priced homes
- Menands, NY: higher priced homes
- Albany, NY: equally priced homes
- Glenmont, NY: higher priced homes
- Wynantskill, NY: equally priced homes
- West Sand Lake, NY: higher priced homes
- Delmar, NY: higher priced homes
- Watervliet, NY: equally priced homes
- Cedar Hill, NY: equally priced homes
Cities with Similar Populations
- Deming, NM: less expensive homes
- Sylacauga, AL: less expensive homes
- Swedesboro, NJ: higher priced homes
- Fort Bragg, NC: less expensive homes
- Floral Park, NY: higher priced homes
- Five Corners, WA: higher priced homes
- East Providence, RI: equally priced homes
- East Peoria, IL: less expensive homes
- East Liverpool, OH: less expensive homes
- East Hemet, CA: higher priced homes
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