How much house does $500,000 buy you in Albany?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Albany?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Albany right now. Listings below $500,000 were included if necessary.
285 Lark St, Albany, NY 12210
- Price: $499,898
- 6 bedrooms, 5 bathrooms
- Square feet: 4,400
- See 285 Lark St, Albany, NY 12210 on Redfin.com
413 Mcclellan Rd, Nassau, NY 12123
- Price: $500,000
- 5 bedrooms, 2.5 bathrooms
- Square feet: 3,372
- See 413 Mcclellan Rd, Nassau, NY 12123 on Redfin.com
166 Stanton Rd, Coeymans Hollow, NY 12046
- Price: $499,900
- 4 bedrooms, 3 bathrooms
- Square feet: 2,040
- See 166 Stanton Rd, Coeymans Hollow, NY 12046 on Redfin.com
99 Wilsey Rd, Greenfield Center, NY 12833
- Price: $499,900
- 4 bedrooms, 2 bathrooms
- Square feet: 2,700
- See 99 Wilsey Rd, Greenfield Center, NY 12833 on Redfin.com
84 Andriana Ln, Albany, NY 12204
- Price: $499,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,158
- See 84 Andriana Ln, Albany, NY 12204 on Redfin.com
4 Stacey Way, Troy, NY 12180
- Price: $499,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,035
- See 4 Stacey Way, Troy, NY 12180 on Redfin.com
12 Priddle Ln, Latham, NY 12110
- Price: $499,400
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,790
- See 12 Priddle Ln, Latham, NY 12110 on Redfin.com
18 Priddle Ln, Latham, NY 12110
- Price: $499,400
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,790
- See 18 Priddle Ln, Latham, NY 12110 on Redfin.com
44 Priddle Ln, Latham, NY 12110
- Price: $499,400
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,790
- See 44 Priddle Ln, Latham, NY 12110 on Redfin.com
32 Priddle Ln, Latham, NY 12110
- Price: $499,400
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,790
- See 32 Priddle Ln, Latham, NY 12110 on Redfin.com
49 Priddle Ln, Latham, NY 12110
- Price: $499,400
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,790
- See 49 Priddle Ln, Latham, NY 12110 on Redfin.com
50 Priddle Ln, Newtonville, NY 12110
- Price: $499,400
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,790
- See 50 Priddle Ln, Newtonville, NY 12110 on Redfin.com
24 Priddle Ln, Newtonville, NY 12110
- Price: $499,400
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,790
- See 24 Priddle Ln, Newtonville, NY 12110 on Redfin.com
55 Priddle Ln, Newtonville, NY 12110
- Price: $499,400
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,790
- See 55 Priddle Ln, Newtonville, NY 12110 on Redfin.com
61 Priddle Ln, Newtonville, NY 12110
- Price: $499,400
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,790
- See 61 Priddle Ln, Newtonville, NY 12110 on Redfin.com
3 Priddle Ln, Latham, NY 12110
- Price: $499,400
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,790
- See 3 Priddle Ln, Latham, NY 12110 on Redfin.com
68 Castle Rd, Voorheesville, NY 12186
- Price: $499,900
- 3 bedrooms, 2 bathrooms
- Square feet: 3,324
- See 68 Castle Rd, Voorheesville, NY 12186 on Redfin.com
34 Spa Dr, Saratoga Springs, NY 12866
- Price: $500,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,712
- See 34 Spa Dr, Saratoga Springs, NY 12866 on Redfin.com
30 Spa Dr, Saratoga Springs, NY 12866
- Price: $500,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,576
- See 30 Spa Dr, Saratoga Springs, NY 12866 on Redfin.com
510 S Shore Rd, Delanson, NY 12053
- Price: $499,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,536
- See 510 S Shore Rd, Delanson, NY 12053 on Redfin.com
8 Wynnefield Dr, South Glens Falls, NY 12803
- Price: $499,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,468
- See 8 Wynnefield Dr, South Glens Falls, NY 12803 on Redfin.com
13 Sandy Blvd, South Glens Falls, NY 12803
- Price: $499,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,468
- See 13 Sandy Blvd, South Glens Falls, NY 12803 on Redfin.com
241 Sand Creek Rd, Albany, NY 12205
- Price: $499,900
- 3 bedrooms, 1.5 bathrooms
- Square feet: 1,892
- See 241 Sand Creek Rd, Albany, NY 12205 on Redfin.com
178 Pershing Ave, Wynantskill, NY 12198
- Price: $499,999
- 3 bedrooms, 1 bathroom
- Square feet: 1,668
- See 178 Pershing Ave, Wynantskill, NY 12198 on Redfin.com
L03 Anson Ct, Malta, NY 12020
- Price: $499,900
- 2 bedrooms, 2 bathrooms
- Square feet: 1,449
- See L03 Anson Ct, Malta, NY 12020 on Redfin.com
16 Reed'S Holw, Saratoga Springs, NY 12866
- Price: $499,900
- 2 bedrooms, 2 bathrooms
- Square feet: 1,424
- See 16 Reed'S Holw, Saratoga Springs, NY 12866 on Redfin.com
95 Reed'S Holw, Saratoga Springs, NY 12866
- Price: $499,900
- 2 bedrooms, 2 bathrooms
- Square feet: 1,424
- See 95 Reed'S Holw, Saratoga Springs, NY 12866 on Redfin.com
89 Reed'S Holw, Saratoga Springs, NY 12866
- Price: $499,900
- 2 bedrooms, 2 bathrooms
- Square feet: 1,424
- See 89 Reed'S Holw, Saratoga Springs, NY 12866 on Redfin.com
4 Gilbert Rd, Saratoga Springs, NY 12866
- Price: $500,000
- 2 bedrooms, 1 bathroom
- Square feet: 872
- See 4 Gilbert Rd, Saratoga Springs, NY 12866 on Redfin.com
48 Union Ave, Saratoga Springs, NY 12866
- Price: $500,000
- 1 bedroom, 1 bathroom
- Square feet: 1,152
- See 48 Union Ave, Saratoga Springs, NY 12866 on Redfin.com
