The story of this market
The typical home in ZIP 12306 sells for about $370,000, or $231 per square foot.
Prices are up +38.06% from a year ago, so sellers still have some momentum. Homes take about 10 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,228 a month.
ZIP 12306 — City of Schenectady
The 12306 housing market is experiencing strong appreciation with a 38% year-over-year price increase, driven by low inventory and high demand. Homes are selling quickly, often at or above asking price, reflecting a competitive environment for buyers. The area remains a popular choice for those working in the broader Capital District.
This ZIP is well-suited for family buyers and commuters seeking a balance between suburban living and access to the Capital District's employment centers.
Median prices moved up 38.1% year over year.
Homes spend a median of 10 days on market with 1.8 months of supply — a fast-moving market.
34% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 8.6% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 12306, 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.
The area is served by the Mohonasen Central School District, which generally maintains a stable reputation within the Schenectady County region.
The region faces standard New York climate risks, including seasonal winter weather and potential for localized flooding in low-lying areas near the Mohawk River.
Economic momentum is driven by the broader Capital District's technology and healthcare sectors, with proximity to major employers in Schenectady and Albany.
Property taxes are levied by the county, town, and school district, with rates varying by specific jurisdiction; New York's STAR program provides exemptions for eligible homeowners.
Residents typically commute via I-890 and NY-7, providing access to downtown Schenectady and the wider Albany employment core.
The area features access to local parks and green spaces, with proximity to the Mohawk River waterfront and shopping centers along the Route 7 corridor.
The rental market shows steady demand with a median rent of $1,525, reflecting the area's role as a residential hub for the Capital District.
The economy is anchored by the Capital District's mix of government, healthcare, and technology sectors, with significant employment in nearby Schenectady.
The area is served by major highway corridors including I-890 and I-90, facilitating regional transit.
Ongoing development focuses on mixed-use revitalization and infrastructure improvements within the Schenectady urban core.
The Schenectady County assessment office manages property valuations for tax purposes.
Parcels are subject to school district taxes, primarily Mohonasen Central School District, alongside municipal and county levies.
Property insurance premiums are influenced by regional weather patterns and standard New York risk factors.
New York is a judicial foreclosure state, requiring court intervention for the foreclosure process.
New York requires sellers to provide a property condition disclosure statement or pay a credit to the buyer.
Data sourced from U.S. Census Bureau and ZIP-Codes.com
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 opportunities and scenic views.
Major retail and dining hub serving the local area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.