Albany, NY · ZIP 12047 · Census Tract 36001013503 · 2027–2030 outlook
Current modeled value
$377K
Downside (P10)
$326K
-13% by 2030
Base Case (P50)
$399K
+6% by 2030
Upside (P90)
$508K
+35% by 2030
Base case: +6% by 2030, with a forecast range from -13% to +35%. Uncertainty is narrow relative to similar Albany markets.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $254K | $260K | $267K | $280K | $289K | $291K | $290K | $348K | $369K | $379K | $380K | $377K | $390K | $400K | $399K |
| YoY Change | +2.4% | +2.7% | +4.8% | +3.4% | +0.7% | -0.4% | +20.1% | +5.9% | +2.7% | +0.4% | -0.9% | +3.5% | +2.7% | -0.3% | |
| Downside (P10) | $346K | $342K | $332K | $326K | |||||||||||
| Upside (P90) | $428K | $451K | $475K | $508K |
The forecast range is narrow for this market. Near-term outcomes are relatively tight, though uncertainty widens modestly by 2030.
1-Year Spread
$361K to $408K
12.4% of median
5-Year Spread
$326K to $508K
45.5% of median
Use these nearby areas to compare price level, upside potential, and forecast risk.
Areas with the most similar current median values
| Area | Current Value | 5yr Expected | 5yr Change |
|---|---|---|---|
| Bethlehem area | $377K | $398K | +5.8% |
| Bethlehem | $378K | $401K | +6.1% |
| Bethlehem | $381K | $368K | -3.4% |
| Colonie | $371K | $420K | +13.3% |
| Guilderland | $388K | $444K | +14.6% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change |
|---|---|---|---|
| Latham | $281K | $338K | +20.1% |
| Loudonville | $461K | $545K | +18.3% |
| Altamont | $326K | $380K | +16.8% |
| New Scotland | $325K | $378K | +16.3% |
| Voorheesville | $326K | $378K | +15.9% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread |
|---|---|---|---|
| Albany | $99K | $104K | $53K |
| Albany | $114K | $121K | $65K |
| Albany | $114K | $121K | $69K |
| Albany | $167K | $182K | $75K |
| Green Island | $140K | $151K | $81K |
Forecasts are probabilistic model outputs, not guarantees. The model uses historical data and economic indicators; it does not observe property-specific conditions. This is not financial, investment, or real estate advice. Learn more about our methodology.
Model
Homecastr World Model (Schrödinger Bridge v12)
Forecast Horizon
2027 to 2030
Schema Version
forecast_queue
Citation
Hardesty Lewis, D. (2026). Homecastr Home Price Forecast. Retrieved from homecastr.com.
Data Sources