How much is a home worth in ZIP code 12206?

The typical home in 12206 is worth $220,358, based on the Zillow Home Value Index.

Are home values rising in 12206?

Home values in 12206 are up 6.4% over the past year, and up 6.8% a year over five years.

What is the typical rent in 12206?

A typical home in 12206 rents for about $1,703 a month, a gross rental yield of 9.3%.

What is the property tax rate in 12206?

The effective property tax rate in 12206 is 1.6% — roughly $3,633 a year on a typical home.

ZIP code 12206 has a population of 14,572 and a median household income of $41,548.

HousingHandbookReference data

…

U.S. ZIP Code · NY12206

Albany County · Albany-Schenectady-Troy, NY

Typical home value

$220,358^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +6.4%
5-year / yr: +6.8%
10-year / yr: +6.9%

Relative price

vs U.S.: -22.4%
vs metro: -30.9%
vs state: -30.8%

Price history

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

The typical home in 12206 is worth $220,358 — 30.9% below the Albany-Schenectady-Troy, NY median. Over the past year, values have risen 6.4%. Homes here rent for a typical $1,703 a month — a 9.3% gross rental yield. The effective property tax rate is 1.6%.

#Rent & investment

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

Monthly rent: $1,703^[2]
Gross yield: 9.3%^[2]
Cap rate: 5.6%^[2]

#Property tax

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

Effective tax rate: 1.6%^[3]
Typical annual tax: $3,633^[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: 14,572^[3]
Median household income: $41,548^[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: 5
Elementary: 5
Middle: 0
High: 0

HENRY JOHNSON CHARTER SCHOOL
Elementary · Grades K–4 · HENRY JOHNSON CHARTER SCHOOL
349 students
ROOTS ACADEMY AT WEST HILL
Elementary · Grades PK–5 · ALBANY CITY SCHOOL DISTRICT
334 students
BRIGHTER CHOICE CHARTER SCHOOL FOR GIRLS
Elementary · Grades K–5 · BRIGHTER CHOICE CHARTER SCHOOL FOR GIRLS
318 students
SHERIDAN PREPARATORY ACADEMY
Elementary · Grades PK–5 · ALBANY CITY SCHOOL DISTRICT
253 students
BRIGHTER CHOICE CHARTER SCHOOL FOR BOYS
Elementary · Grades K–5 · BRIGHTER CHOICE CHARTER SCHOOL FOR BOYS
247 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 yield9.3%

Net yield (after ~40% expenses)5.6%

Annual rent$20,438

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$1,114

Loan principal$176,286

Down payment$44,072

Total interest paid$224,843

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 ratio0.94

Monthly cost to own$1,601

Monthly rent$1,703

Owning 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: 69th percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 42nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 12206?: The typical home in 12206 is worth $220,358, based on the Zillow Home Value Index.
Are home values rising in 12206?: Home values in 12206 are up 6.4% over the past year, and up 6.8% a year over five years.
What is the typical rent in 12206?: A typical home in 12206 rents for about $1,703 a month, a gross rental yield of 9.3%.
What is the property tax rate in 12206?: The effective property tax rate in 12206 is 1.6% — roughly $3,633 a year on a typical home.
Who lives in 12206?: ZIP code 12206 has a population of 14,572 and a median household income of $41,548.

#Comparable ZIPs

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

13459 vs 12206 →
Sharon Springs, NY
Typical home
$220,197
Gross yield
—
12090 vs 12206 →
Hoosick Falls, NY
Typical home
$221,137
Gross yield
—
12076
NY
Typical home
$223,566
Gross yield
—
12035
Central Bridge CDP, NY
Typical home
$216,322
Gross yield
—
12071
North Blenheim CDP, NY
Typical home
$214,755
Gross yield
—
12036
NY
Typical home
$214,045
Gross yield
—

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#Jump to section

U.S. ZIP Code · NY12206

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