How much is a home worth in ZIP code 12047?

The typical home in 12047 is worth $334,374, based on the Zillow Home Value Index.

Are home values rising in 12047?

Home values in 12047 are up 2.9% over the past year, and up 6.1% a year over five years.

What is the typical rent in 12047?

A typical home in 12047 rents for about $1,756 a month, a gross rental yield of 6.3%.

What is the property tax rate in 12047?

The effective property tax rate in 12047 is 1.7% — roughly $5,846 a year on a typical home.

ZIP code 12047 has a population of 23,532 and a median household income of $66,071.

HousingHandbookReference data

…

U.S. ZIP Code · NY12047

Albany County · Albany-Schenectady-Troy, NY

Typical home value

$334,374^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.9%
5-year / yr: +6.1%
10-year / yr: +5.7%

Relative price

vs U.S.: +17.7%
vs metro: +4.8%
vs state: +5.0%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 12047 is worth $334,374 — 4.8% above the Albany-Schenectady-Troy, NY median. Over the past year, values have risen 2.9%. Homes here rent for a typical $1,756 a month — a 6.3% gross rental yield. The effective property tax rate is 1.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,756^[2]
Gross yield: 6.3%^[2]
Cap rate: 3.8%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.7%^[3]
Typical annual tax: $5,846^[3]

#Climate risk

FEMA National Risk Index ratings for Albany County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: No Rating
Wildfire: Very Low
Drought: No Rating
Heat wave: Relatively Low
Hurricane: Relatively Moderate
Tornado: Relatively Moderate
Earthquake: Relatively Low
Winter weather: Relatively Moderate

#Who lives here

Population: 23,532^[3]
Median household income: $66,071^[3]

#Migration

Household moves in and out of Albany County over a year, from IRS tax-return data.

Net migration: -518^[5]
Moved in: 8,979
Moved out: 9,497

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 6
Elementary: 4
Middle: 1
High: 1

COHOES HIGH SCHOOL
High · Grades 9–12 · COHOES CITY SCHOOL DISTRICT
592 students
BOGHT HILLS SCHOOL
Elementary · Grades K–5 · NORTH COLONIE CSD
547 students
COHOES MIDDLE SCHOOL
Middle · Grades 6–8 · COHOES CITY SCHOOL DISTRICT
468 students
HARMONY HILL SCHOOL
Elementary · Grades PK–5 · COHOES CITY SCHOOL DISTRICT
378 students
ABRAM LANSING SCHOOL
Elementary · Grades PK–5 · COHOES CITY SCHOOL DISTRICT
320 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield6.3%

Net yield (after ~40% expenses)3.8%

Annual rent$21,074

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,691

Loan principal$267,499

Down payment$66,875

Total interest paid$341,181

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.40

Monthly cost to own$2,457

Monthly rent$1,756

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 31st percentile^[1]
Rental yield: 64th percentile^[2]
Property tax: 52nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 12047?: The typical home in 12047 is worth $334,374, based on the Zillow Home Value Index.
Are home values rising in 12047?: Home values in 12047 are up 2.9% over the past year, and up 6.1% a year over five years.
What is the typical rent in 12047?: A typical home in 12047 rents for about $1,756 a month, a gross rental yield of 6.3%.
What is the property tax rate in 12047?: The effective property tax rate in 12047 is 1.7% — roughly $5,846 a year on a typical home.
Who lives in 12047?: ZIP code 12047 has a population of 23,532 and a median household income of $66,071.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

12203 vs 12047 →
Albany, NY
Typical home
$334,229
Gross yield
5.9%
12074 vs 12047 →
Galway, NY
Typical home
$334,838
Gross yield
—
12120
NY
Typical home
$335,610
Gross yield
—
12121
NY
Typical home
$337,624
Gross yield
—
12059
NY
Typical home
$330,449
Gross yield
—
12205
Roessleville CDP, NY
Typical home
$329,857
Gross yield
6.5%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 12047 against any other ZIP — full side-by-side table.

Compare 12047 →

#Jump to section

U.S. ZIP Code · NY12047

Get more data on ZIPs like this

Get more data on ZIPs like this