7-26-2022 12:22pm

Cities with the Fastest Growing Home Prices in the Capital District

Photo by Ketut Subiyanto

Written by Stacker

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and not other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Albany-Schenectady-Troy, NY metro area using data from Zillow. Cities are ranked by 1-year price change as of June 2022. The charts in this story were created automatically using Matplotlib. The typical home value in the United States increased over the last year by +20.9% to $334,141. All 29 cities and towns with data available were included in the list.

#29. Sharon Springs, NY

- 1-year price change: +$15,970 (+11.4%)
- 5-year price change: +$44,038 (+39.4%)
- Typical home value: $155,671 (#29 most expensive city in metro)

#28. Rotterdam Junction, NY

- 1-year price change: +$18,971 (+9.0%)
- 5-year price change: +$54,315 (+31.0%)
- Typical home value: $229,722 (#26 most expensive city in metro)

#27. Hoosick Falls, NY

- 1-year price change: +$21,683 (+13.5%)
- 5-year price change: +$67,968 (+59.4%)
- Typical home value: $182,433 (#28 most expensive city in metro)

#26. Schuylerville, NY

- 1-year price change: +$24,842 (+10.3%)
- 5-year price change: +$91,718 (+52.3%)
- Typical home value: $267,054 (#18 most expensive city in metro)

#25. Scotia, NY

- 1-year price change: +$25,542 (+14.1%)
- 5-year price change: +$63,951 (+44.8%)
- Typical home value: $206,849 (#27 most expensive city in metro)

#24. Round Lake, NY

- 1-year price change: +$28,941 (+9.6%)
- 5-year price change: +$90,827 (+38.1%)
- Typical home value: $329,502 (#10 most expensive city in metro)

#23. Watervliet, NY

- 1-year price change: +$29,365 (+12.9%)
- 5-year price change: +$84,010 (+48.4%)
- Typical home value: $257,553 (#22 most expensive city in metro)

#22. Cohoes, NY

- 1-year price change: +$29,836 (+12.3%)
- 5-year price change: +$80,213 (+41.7%)
- Typical home value: $272,633 (#16 most expensive city in metro)

#21. Albany, NY

- 1-year price change: +$30,418 (+12.8%)
- 5-year price change: +$74,373 (+38.4%)
- Typical home value: $268,179 (#17 most expensive city in metro)

#20. Preston-Potter Hollow, NY

- 1-year price change: +$30,558 (+15.0%)
- 5-year price change: +$104,655 (+80.8%)
- Typical home value: $234,195 (#25 most expensive city in metro)

#19. Schenectady, NY

- 1-year price change: +$31,507 (+13.7%)
- 5-year price change: +$96,616 (+58.8%)
- Typical home value: $260,815 (#21 most expensive city in metro)

#18. East Nassau, NY

- 1-year price change: +$31,662 (+12.9%)
- 5-year price change: +$91,536 (+49.3%)
- Typical home value: $277,139 (#15 most expensive city in metro)

#17. South Glens Falls, NY

- 1-year price change: +$32,946 (+14.8%)
- 5-year price change: +$71,552 (+39.0%)
- Typical home value: $255,204 (#23 most expensive city in metro)

#16. Menands, NY

- 1-year price change: +$33,948 (+12.1%)
- 5-year price change: +$82,990 (+35.8%)
- Typical home value: $314,732 (#11 most expensive city in metro)

#15. Ballston Spa, NY

- 1-year price change: +$35,192 (+11.4%)
- 5-year price change: +$86,332 (+33.6%)
- Typical home value: $343,479 (#5 most expensive city in metro)

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#14. Delanson, NY

- 1-year price change: +$35,671 (+13.6%)
- 5-year price change: +$79,739 (+36.7%)
- Typical home value: $297,029 (#13 most expensive city in metro)

#13. Troy, NY

- 1-year price change: +$35,825 (+16.9%)
- 5-year price change: +$89,556 (+56.4%)
- Typical home value: $248,208 (#24 most expensive city in metro)

#12. Valley Falls, NY

- 1-year price change: +$36,682 (+16.0%)
- 5-year price change: +$103,648 (+63.8%)
- Typical home value: $266,149 (#19 most expensive city in metro)

#11. Medusa, NY

- 1-year price change: +$37,914 (+15.3%)
- 5-year price change: +$102,989 (+56.2%)
- Typical home value: $286,169 (#14 most expensive city in metro)

#10. Rensselaer, NY

- 1-year price change: +$40,492 (+18.1%)
- 5-year price change: +$100,159 (+61.1%)
- Typical home value: $263,970 (#20 most expensive city in metro)

#9. Mechanicville, NY

- 1-year price change: +$41,382 (+12.1%)
- 5-year price change: +$122,337 (+46.8%)
- Typical home value: $383,639 (#3 most expensive city in metro)

#8. Greenfield Center, NY

- 1-year price change: +$42,096 (+13.2%)
- 5-year price change: +$102,964 (+40.0%)
- Typical home value: $360,559 (#4 most expensive city in metro)

#7. Duane Lake, NY

- 1-year price change: +$43,209 (+14.8%)
- 5-year price change: +$98,599 (+41.6%)
- Typical home value: $335,454 (#8 most expensive city in metro)

#6. Averill Park, NY

- 1-year price change: +$45,308 (+15.9%)
- 5-year price change: +$118,019 (+55.5%)
- Typical home value: $330,515 (#9 most expensive city in metro)

#5. Castleton-on-Hudson, NY

- 1-year price change: +$45,428 (+17.3%)
- 5-year price change: +$106,466 (+52.7%)
- Typical home value: $308,468 (#12 most expensive city in metro)

#4. Voorheesville, NY

- 1-year price change: +$45,446 (+15.3%)
- 5-year price change: +$89,792 (+35.5%)
- Typical home value: $342,826 (#6 most expensive city in metro)

#3. West Sand Lake, NY

- 1-year price change: +$48,672 (+16.8%)
- 5-year price change: +$115,441 (+51.6%)
- Typical home value: $338,948 (#7 most expensive city in metro)

#2. Saratoga Springs, NY

- 1-year price change: +$55,962 (+13.1%)
- 5-year price change: +$147,371 (+43.8%)
- Typical home value: $483,823 (#1 most expensive city in metro)

#1. Slingerlands, NY

- 1-year price change: +$67,712 (+16.8%)
- 5-year price change: +$122,961 (+35.3%)
- Typical home value: $471,716 (#2 most expensive city in metro)

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