Find property management in Albany, NY
Learn what to look for, compare Albany management companies, and get free quotes.
The response from my new manager was super and I expect a great working relationship with her company. - Rhonda M.
Albany Property Managers (52)
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Albany Management Companies
Are you looking for a professional property management company to oversee your home, condo, apartment building, commercial property or community association? Use our comprehensive directory of Albany property management companies to find and get quotes from multiple property managers in Albany, New York. You can also read our guide to hiring a property manager which covers everything from understanding the property management fee to breaking down property management contracts.
Housing Market Stats
| Albany | New York | U.S. | |
|---|---|---|---|
| Median Home Value | $184,100 | $374,700 | $192,400 |
| Owner Costs > 30% Income | 15% | 13.7% | 14.7% |
| Gross Rent > 30% Income | 19.9% | 19.1% | 19.2% |
Albany Housing Market Stats
As of 2008, the rental vacancy rate in Albany stood at 5%, relatively low compared to the rest of the country. There are about 379,719 housing units, averaging $184,100 in value, 33% of which are occupied by renters. The rent to price ratio in Albany is 0.4%, slightly higher than the New York average. For 20% of Albany tenants, 30% or more of their income goes to paying rent.
Demographic Stats
| Albany | New York | U.S. | |
|---|---|---|---|
| Avg Commute Time (minutes) | 22 | 32.2 | 25.3 |
| Median Age | 38.5 | 37.3 | 36.7 |
| Avg Household Size - Owners | 2.63 | 2.86 | 2.7 |
| Avg Household Size - Renters | 2 | 2.44 | 2.42 |
| Median Household Income | $57,930 | $55,252 | $52,175 |
| Per Capita Income | $29,289 | $31,185 | $27,466 |
Albany Demographic Info
Albany has a population of 851,925, comprised of 338,005 households, with on average 2 members per household. Out of approximately 459,523 people in the civilian workforce, 435,628 (95%) were employed in 2008. 90% of the population 25 and older has earned a high school diploma, with 33% holding a 4 year college degree.