The story of this market
The typical home in ZIP 12309 sells for about $392,500, or $214 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 16 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,499 a month.
ZIP 12309 — City of Schenectady
The 12309 housing market remains highly competitive with steady price appreciation and low inventory levels. Demand is driven by the area's strong school reputation and proximity to major Capital District employment hubs.
This ZIP is ideal for families and professionals seeking a suburban lifestyle with high-quality schools and convenient access to the Capital District's employment centers.
Median prices moved up 2.5% year over year.
Homes spend a median of 16 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.3% · poverty 5.2% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 12309
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 highly regarded public school systems, notably the Niskayuna Central School District, which is frequently recognized for academic excellence and high college-readiness metrics.
The area benefits from proximity to the Albany-Schenectady-Troy tech corridor, with significant economic momentum driven by regional healthcare, education, and research institutions.
Property taxes are levied at the local level by school districts, towns, and the county; New York State provides a STAR exemption program for eligible primary homeowners to offset school tax burdens.
Residents benefit from convenient access to major regional thoroughfares including I-890 and NY-7, facilitating relatively efficient commutes to employment hubs in Schenectady, Albany, and the surrounding Capital District.
The area features extensive local park systems, including the Mohawk River waterfront access, numerous community parks, and proximity to regional golf courses and shopping centers in Niskayuna and Schenectady.
The rental market is characterized by steady demand driven by the area's proximity to major employers and educational institutions, with a mix of single-family rentals and apartment complexes.
The local economy is anchored by the broader Capital District's mix of government, healthcare, and technology sectors, with significant employment presence from regional medical centers and educational institutions.
The area is primarily served by regional highway corridors, with public transit options provided by the Capital District Transportation Authority (CDTA) connecting to major hubs.
Development activity is focused on residential infill and commercial revitalization projects within the Niskayuna and Schenectady corridors.
Parcels are subject to school district taxes, primarily Niskayuna Central School District, alongside municipal and county tax levies.
Data retrieved from Census ACS and ZIP-specific reporting platforms.
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 access and scenic views along the northern border of the ZIP.
Includes various community parks offering sports fields, trails, and playgrounds.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.