How much is a home worth in ZIP code 12309?

The typical home in 12309 is worth $403,655, based on the Zillow Home Value Index.

Are home values rising in 12309?

Home values in 12309 are up 6.0% over the past year, and up 6.7% a year over five years.

What is the typical rent in 12309?

A typical home in 12309 rents for about $1,553 a month, a gross rental yield of 4.6%.

What is the property tax rate in 12309?

The effective property tax rate in 12309 is 2.2% — roughly $8,834 a year on a typical home.

ZIP code 12309 has a population of 33,246 and a median household income of $125,274.

HousingHandbookReference data

…

U.S. ZIP Code · NY12309

Schenectady County · Albany-Schenectady-Troy, NY

Typical home value

$403,655^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +6.0%
5-year / yr: +6.7%
10-year / yr: +5.6%

Relative price

vs U.S.: +42.1%
vs metro: +26.6%
vs state: +26.7%

Price history

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

The typical home in 12309 is worth $403,655 — 26.6% above the Albany-Schenectady-Troy, NY median. Over the past year, values have risen 6.0%. Homes here rent for a typical $1,553 a month — a 4.6% gross rental yield. The effective property tax rate is 2.2%.

#Rent & investment

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

Monthly rent: $1,553^[2]
Gross yield: 4.6%^[2]
Cap rate: 2.8%^[2]

#Property tax

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

Effective tax rate: 2.2%^[3]
Typical annual tax: $8,834^[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: 33,246^[3]
Median household income: $125,274^[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: 7
Elementary: 4
Middle: 2
High: 1

NISKAYUNA HIGH SCHOOL
High · Grades 9–12 · NISKAYUNA CENTRAL SCHOOL DISTRICT
1,363 students
IROQUOIS MIDDLE SCHOOL
Middle · Grades 6–8 · NISKAYUNA CENTRAL SCHOOL DISTRICT
613 students
VAN ANTWERP MIDDLE SCHOOL
Middle · Grades 6–8 · NISKAYUNA CENTRAL SCHOOL DISTRICT
421 students
CRAIG ELEMENTARY SCHOOL
Elementary · Grades K–5 · NISKAYUNA CENTRAL SCHOOL DISTRICT
403 students
BIRCHWOOD ELEMENTARY SCHOOL
Elementary · Grades K–5 · NISKAYUNA CENTRAL SCHOOL DISTRICT
388 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 yield4.6%

Net yield (after ~40% expenses)2.8%

Annual rent$18,636

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$2,041

Loan principal$322,924

Down payment$80,731

Total interest paid$411,871

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 ratio2.01

Monthly cost to own$3,114

Monthly rent$1,553

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: 65th percentile^[1]
Rental yield: 18th percentile^[2]
Property tax: 89th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 12309?: The typical home in 12309 is worth $403,655, based on the Zillow Home Value Index.
Are home values rising in 12309?: Home values in 12309 are up 6.0% over the past year, and up 6.7% a year over five years.
What is the typical rent in 12309?: A typical home in 12309 rents for about $1,553 a month, a gross rental yield of 4.6%.
What is the property tax rate in 12309?: The effective property tax rate in 12309 is 2.2% — roughly $8,834 a year on a typical home.
Who lives in 12309?: ZIP code 12309 has a population of 33,246 and a median household income of $125,274.

#Comparable ZIPs

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

12110 vs 12309 →
Latham CDP, NY
Typical home
$402,925
Gross yield
6.5%
12170 vs 12309 →
Stillwater, NY
Typical home
$399,530
Gross yield
—
12196
West Sand Lake CDP, NY
Typical home
$397,739
Gross yield
—
12061
East Greenbush CDP, NY
Typical home
$410,994
Gross yield
—
12009
Altamont, NY
Typical home
$412,251
Gross yield
—
12186
Voorheesville, NY
Typical home
$414,103
Gross yield
—

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#Jump to section

U.S. ZIP Code · NY12309

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