The story of this market
The typical home in ZIP 12304 sells for about $245,000, or $185 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 22 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,100 a month.
ZIP 12304 — Schenectady
The 12304 housing market remains stable with steady demand for affordable residential properties. Low inventory levels continue to support price growth, though affordability remains a key factor for local buyers.
This ZIP is well-suited for first-time homebuyers and investors seeking entry-level housing, as well as renters looking for proximity to urban employment centers.
Median prices moved up 4.2% year over year.
Homes spend a median of 22 days on market with 2.8 months of supply — a fast-moving market.
15% 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 8.6% · poverty 22.1% — a mixed stability 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 4.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 12304, 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 12304 area are generally higher than the national average, consistent with urban density patterns in the Schenectady region.
Schools serving the area are part of the Schenectady City School District, which faces ongoing challenges with academic performance and resource allocation.
The area is primarily an urban environment with standard risks; flood zones are localized near specific drainage basins and the Mohawk River corridor.
Economic momentum is tied to the broader Capital District, with major employment hubs in healthcare, education, and government located in nearby Albany and Schenectady.
Property taxes are levied by the city, county, and school district, with the school district portion representing the largest share of the total tax burden.
Residents have convenient access to I-890 and NY-7, providing direct routes to downtown Schenectady and the broader Albany employment core.
The area features local neighborhood parks and is within a short drive of the Mohawk River waterfront and the amenities of downtown Schenectady.
The rental market is characterized by high demand for multi-family units, with steady rent growth driven by limited supply and proximity to local colleges.
The economy is anchored by the healthcare sector, state government, and the legacy of manufacturing and technology firms in the Capital District.
The area is served by CDTA bus routes and is positioned near major highway interchanges connecting to the New York State Thruway.
Development is focused on infill projects and the rehabilitation of existing residential stock within the city limits.
The Schenectady County assessment office manages property valuations, with periodic reassessments to align with market values.
Parcels are subject to city, county, and Schenectady City School District taxes, with no major MUD/PID districts reported.
Property insurance premiums are stable but reflect regional risks associated with winter weather and aging infrastructure.
Data retrieved from US Census Bureau ZCTA profiles.
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.
A major municipal park offering sports facilities, gardens, and community events.
Provides recreational boating, fishing, and trail access along the riverbanks.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.