Cities with the most expensive homes in the Albany metro area

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, plays a huge role for buyers.

The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of September 17, the sits at 6.95%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

compiled a list of cities with the most expensive homes in the Albany metro area using data from . Charts show the monthly typical home value since January 2018. Data was available for 34 cities and towns.

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#30. Ravena, NY

- Typical home value: $297,805
- 1-year price change: +2.5%
- 5-year price change: +27.9%

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#29. Rotterdam Junction, NY

- Typical home value: $299,529
- 1-year price change: +5.5%
- 5-year price change: +26.0%

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#28. Troy, NY

- Typical home value: $300,987
- 1-year price change: +5.0%
- 5-year price change: +32.7%

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#27. Preston Hollow, NY

- Typical home value: $307,435
- 1-year price change: +5.8%
- 5-year price change: +36.8%

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#26. South Glens Falls, NY

- Typical home value: $314,544
- 1-year price change: +5.8%
- 5-year price change: +31.1%

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#25. Rensselaer, NY

- Typical home value: $316,913
- 1-year price change: +3.8%
- 5-year price change: +34.9%

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#24. Valley Falls, NY

- Typical home value: $318,917
- 1-year price change: +7.8%
- 5-year price change: +31.9%

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#23. Northville, NY

- Typical home value: $320,512
- 1-year price change: +6.6%
- 5-year price change: +38.6%

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#22. Watervliet, NY

- Typical home value: $322,537
- 1-year price change: +3.5%
- 5-year price change: +31.6%

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#21. Schuylerville, NY

- Typical home value: $332,142
- 1-year price change: +3.3%
- 5-year price change: +24.8%

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#20. Albany, NY

- Typical home value: $332,657
- 1-year price change: +4.2%
- 5-year price change: +33.1%

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#19. Schenectady, NY

- Typical home value: $333,482
- 1-year price change: +5.3%
- 5-year price change: +34.1%

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#18. East Nassau, NY

- Typical home value: $333,811
- 1-year price change: +5.9%
- 5-year price change: +29.7%

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#17. Cohoes, NY

- Typical home value: $342,287
- 1-year price change: +2.3%
- 5-year price change: +29.7%

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#16. Medusa, NY

- Typical home value: $348,889
- 1-year price change: +3.8%
- 5-year price change: +33.4%

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#15. Wynantskill, NY

- Typical home value: $353,744
- 1-year price change: +6.8%
- 5-year price change: +34.0%

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#14. Delanson, NY

- Typical home value: $373,179
- 1-year price change: +6.2%
- 5-year price change: +29.3%

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#13. Castleton-on-Hudson, NY

- Typical home value: $375,442
- 1-year price change: +6.5%
- 5-year price change: +36.2%

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#12. Averill Park, NY

- Typical home value: $398,029
- 1-year price change: +10.0%
- 5-year price change: +33.3%

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#11. Menands, NY

- Typical home value: $408,586
- 1-year price change: +4.3%
- 5-year price change: +31.3%

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#10. West Sand Lake, NY

- Typical home value: $408,909
- 1-year price change: +8.2%
- 5-year price change: +37.2%

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#9. Altamont, NY

- Typical home value: $426,296
- 1-year price change: +5.5%
- 5-year price change: +28.4%

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#8. Voorheesville, NY

- Typical home value: $432,989
- 1-year price change: +4.0%
- 5-year price change: +30.0%

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#7. Ballston Spa, NY

- Typical home value: $437,074
- 1-year price change: +5.3%
- 5-year price change: +30.2%

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#6. Round Lake, NY

- Typical home value: $438,362
- 1-year price change: +5.6%
- 5-year price change: +31.7%

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#5. Greenfield Center, NY

- Typical home value: $457,224
- 1-year price change: +5.1%
- 5-year price change: +31.0%

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#4. Delmar, NY

- Typical home value: $459,037
- 1-year price change: +5.4%
- 5-year price change: +36.8%

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#3. Mechanicville, NY

- Typical home value: $497,923
- 1-year price change: +5.3%
- 5-year price change: +33.2%

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#2. Slingerlands, NY

- Typical home value: $587,699
- 1-year price change: +5.9%
- 5-year price change: +37.9%

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#1. Saratoga Springs, NY

- Typical home value: $660,782
- 1-year price change: +7.0%
- 5-year price change: +34.8%

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