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Albany, New York Mortgage and Housing Information
Population: 95,658
Data Source:US Census Bureau. All figures are from year 2000 unless otherwise noted.
Lifestyle in Albany
Income
| U.S. | New York | Albany | |
|---|---|---|---|
| Median Earnings | $27,239 | $30,469 | $25,938 |
| Median Earnings, Males | $32,396 | $35,493 | $29,482 |
| Median Earnings, Females | $22,097 | $25,761 | $22,652 |
Males earn $6,830 (30.2%) more than Females in Albany.
Commuting in Albany
Means of transportation to work, workers over 16 years old.
| Means of Transport | Number of People |
|---|---|
| Car, solo | 26,351 |
| Carpooled | 4,757 |
| Public Transit | 5,593 |
| Bicycle | 150 |
| Walking | 4,611 |
| Other Means | 117 |
| Total, Commuted | 41,579 |
| Worked from home | 1,026 |
| Total | 42,605 |
Time Spent Commuting in Albany
Time spent commuting in Albany
| Time spent in minutes | Number of People |
|---|---|
| Less than 5 | 1,306 |
| 5-9 | 5,221 |
| 10-14 | 9,153 |
| 15-19 | 9,674 |
| 20-24 | 6,695 |
| 25-29 | 1,903 |
| 30-34 | 4,024 |
| 35-39 | 467 |
| 40-44 | 584 |
| 45-59 | 1,060 |
| 60-89 | 974 |
| Over 90 | 518 |
Education
| Level | Number of Males | Percent of Males | Number of Females | Percent of Females |
|---|---|---|---|---|
| Some College | 3,679 | 15.1% | 4,856 | 19.9% |
| Associate Degree | 2,512 | 10.3% | 2,918 | 11.9% |
| Bachelor's Degree | 4,141 | 16.9% | 6,633 | 27.1% |
| Master's Degree | 3,033 | 12.4% | 3,184 | 13.0% |
| Professional Degree | 615 | 2.5% | 737 | 3.0% |
| Doctorate Degree | 976 | 4.0% | 431 | 1.8% |
| Total (at least some college) | 14,956 | 61.2% | 18,759 | 62.2% |
| Total over 25 | 24,441 | 100% | 30,140 | 100% |
Housing in Albany
Value of Houses and Condos
| U.S. | New York | Albany | |
|---|---|---|---|
| Median home value in year 2006 | $185,200 | $303,400 | $154,900 |
Monthly Owner Costs
| U.S. | New York | Albany | |
|---|---|---|---|
| With a mortgage | $1,402 | $1,789 | $1,315 |
| Without a mortgage | $399 | $617 | $528 |
Tenancy in Albany
| Owner-occupied homes | 15,211 |
|---|---|
| Renter-occupied homes | 22,155 |
| Homes for sale | 615 |
| Homes for rent | 1,165 |
| Total | 43,337 |
Ownership of Houses and Condos
Types of mortgages for owner-occupied Houses and Condos in Albany (2006)
| Mortgage Type | Number of Houses and Condos | Percent of total |
|---|---|---|
| Without a mortgage | 4,818 | 31.7% |
| First Mortgage Only | 7,770 | 51.1% |
| Second Mortgage and/or Home Equity Loan | 2,623 | 17.2% |
| Total | 15,211 | 100% |
Age of Albany Residents
| Males | Females |
|---|---|
| 30 | 32 |
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