The story of this market
The typical home in ZIP 12303 sells for about $299,000, or $214 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,140 a month.
ZIP 12303 — City of Schenectady
The 12303 housing market shows steady demand with a median listing price of $299,000, reflecting a modest year-over-year increase. Low inventory levels continue to support pricing, though the market remains sensitive to interest rate fluctuations. Buyers are active, but the pace of sales has moderated compared to previous high-growth periods.
This ZIP is well-suited for families and first-time homebuyers seeking affordability within the Capital District. It also attracts commuters who value proximity to major regional employment hubs while maintaining a suburban residential feel.
Median prices moved up 2.4% year over year.
Homes spend a median of 42 days on market with 2.8 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 14.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 12303, Schenectady County NY
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the area are generally consistent with regional averages for the Capital District, with property crime being the primary concern. Local law enforcement maintains active community policing initiatives to address localized trends.
Schools serving the area are part of the Schenectady City and surrounding suburban districts, with performance ratings varying significantly by specific school. Many residents have access to well-regarded suburban districts bordering the ZIP.
The area faces moderate risks related to winter weather events and occasional localized flooding near water bodies. Property insurance premiums are stable but reflect regional exposure to severe storm activity.
The area benefits from proximity to the Albany-Schenectady-Troy economic core, with major employment anchors in healthcare, education, and state government. Infrastructure investment remains focused on maintaining regional transit corridors.
Property taxes are levied by a combination of municipal, county, and school district authorities. The area is subject to New York's STAR exemption program for eligible homeowners, which provides partial relief on school property taxes.
Residents typically commute via I-890 and local arterials toward downtown Schenectady or Albany. Public transit options are available through the Capital District Transportation Authority (CDTA) bus network.
The area features access to local parks and green spaces, with proximity to the Mohawk River for water-based recreation. Shopping and dining options are concentrated along major commercial corridors like State Street.
The rental market is characterized by steady demand driven by the area's affordability relative to the broader metro. Vacancy rates remain low, and there is a mix of long-term residential rentals and limited short-term rental activity.
The economy is anchored by the healthcare sector, state government, and higher education institutions in the Capital Region. The area maintains a diverse industry mix with a focus on professional services and manufacturing.
The area is served by a network of state highways and local roads, with CDTA providing regional bus service. Commuter access to the Albany-Schenectady-Troy metro area is facilitated by I-890 and I-90.
Development is focused on infill projects and the revitalization of older commercial corridors. Local planning efforts prioritize sustainable growth and the expansion of housing stock.
Parcels are subject to school district taxes, municipal taxes, and county levies. Special districts for fire protection and water/sewer services are common.
Property insurance market is stable, though premiums are influenced by regional weather patterns and the age of the housing stock.
Data retrieved from Census Reporter and US Zip Codes based on ACS 2024 5-year estimates.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Provides recreational boating and scenic views.
Large municipal park with sports facilities and trails.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.