How much is a home worth in ZIP code 12308?

The typical home in 12308 is worth $259,364, based on the Zillow Home Value Index.

Are home values rising in 12308?

Home values in 12308 are up 4.0% over the past year, and up 8.0% a year over five years.

What is the typical rent in 12308?

A typical home in 12308 rents for about $1,444 a month, a gross rental yield of 6.7%.

What is the property tax rate in 12308?

The effective property tax rate in 12308 is 2.3% — roughly $6,084 a year on a typical home.

ZIP code 12308 has a population of 15,511 and a median household income of $63,434.

HousingHandbookReference data

…

U.S. ZIP Code · NY12308

Schenectady County · Albany-Schenectady-Troy, NY

Typical home value

$259,364^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.0%
5-year / yr: +8.0%
10-year / yr: +8.3%

Relative price

vs U.S.: -8.7%
vs metro: -18.7%
vs state: -18.6%

Price history

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

The typical home in 12308 is worth $259,364 — 18.7% below the Albany-Schenectady-Troy, NY median. Over the past year, values have risen 4.0%. Homes here rent for a typical $1,444 a month — a 6.7% gross rental yield. The effective property tax rate is 2.3%.

#Rent & investment

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

Monthly rent: $1,444^[2]
Gross yield: 6.7%^[2]
Cap rate: 4.0%^[2]

#Property tax

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

Effective tax rate: 2.3%^[3]
Typical annual tax: $6,084^[3]

#Climate risk

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

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: No Rating
Heat wave: Relatively Low
Hurricane: Relatively Low
Tornado: Relatively Moderate
Earthquake: Relatively Low
Winter weather: Relatively Low

#Who lives here

Population: 15,511^[3]
Median household income: $63,434^[3]

#Migration

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

Net migration: +61^[5]
Moved in: 4,349
Moved out: 4,288

Schools

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

Public schools: 5
Elementary: 3
Middle: 1
High: 1

SCHENECTADY HIGH SCHOOL
High · Grades 8–12 · SCHENECTADY CITY SCHOOL DISTRICT
2,860 students
ONEIDA MIDDLE SCHOOL
Middle · Grades 6–8 · SCHENECTADY CITY SCHOOL DISTRICT
606 students
JESSIE T ZOLLER ELEMENTARY SCHOOL
Elementary · Grades PK–5 · SCHENECTADY CITY SCHOOL DISTRICT
442 students
HOWE ELEMENTARY SCHOOL
Elementary · Grades PK–5 · SCHENECTADY CITY SCHOOL DISTRICT
414 students
YATES ELEMENTARY SCHOOL
Elementary · Grades PK–5 · SCHENECTADY CITY SCHOOL DISTRICT
318 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 yield6.7%

Net yield (after ~40% expenses)4.0%

Annual rent$17,332

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$1,311

Loan principal$207,491

Down payment$51,873

Total interest paid$264,643

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 ratio1.41

Monthly cost to own$2,036

Monthly rent$1,444

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: 94th percentile^[1]
Rental yield: 77th percentile^[2]
Property tax: 96th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 12308?: The typical home in 12308 is worth $259,364, based on the Zillow Home Value Index.
Are home values rising in 12308?: Home values in 12308 are up 4.0% over the past year, and up 8.0% a year over five years.
What is the typical rent in 12308?: A typical home in 12308 rents for about $1,444 a month, a gross rental yield of 6.7%.
What is the property tax rate in 12308?: The effective property tax rate in 12308 is 2.3% — roughly $6,084 a year on a typical home.
Who lives in 12308?: ZIP code 12308 has a population of 15,511 and a median household income of $63,434.

#Comparable ZIPs

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

12182 vs 12308 →
Troy, NY
Typical home
$258,266
Gross yield
—
12138 vs 12308 →
NY
Typical home
$262,462
Gross yield
—
12209
Albany, NY
Typical home
$264,398
Gross yield
7.2%
12304
Schenectady, NY
Typical home
$254,262
Gross yield
—
12093
Jefferson CDP, NY
Typical home
$253,417
Gross yield
—
12210
Albany, NY
Typical home
$252,546
Gross yield
7.1%

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#Jump to section

U.S. ZIP Code · NY12308

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