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Rensselaer County, NY

RANK #424 / 1001 NAT  ·  #33 / 45 NY  ·  POP 160,332

1YR FORECAST: +3.0%

5YR OUTLOOK: +30%

Rensselaer County's housing market is projected to grow +3.0% over the next year, tracking near the national average.

[01] Why Rensselaer County?

Rensselaer County, New York, is known for its blend of historic charm and natural beauty, particularly in towns like Troy, the county seat, which features Victorian architecture and a lively downtown. Located in the Capital Region, it sits across the Hudson River from Albany, offering residents a commute to the nearby city. The county boasts extensive outdoor recreation opportunities, including three state parks—Grafton Lakes, Cherry Plain, and Schodack Island—along with numerous trails like the Albany-Hudson Electric Trail, suitable for hiking and biking. The landscape transitions from flat terrain near the Hudson to the higher elevations of the Rensselaer Plateau and Taconic Mountains.

Life in Rensselaer County offers a mix of urban and rural living, with diverse housing options and highly rated public schools. Commute options include personal vehicles, public buses, and train services from the Albany-Rensselaer Station, a regional hub. The economy is experiencing growth, attracting new businesses and supporting existing companies. Major investment is evident in sectors such as data centers, energy, industrial and logistics, and manufacturing, contributing to a positive employment outlook. The presence of institutions like Rensselaer Polytechnic Institute also contributes to a skilled workforce and technological advancements.

MARKET PROFILE
LEANS TOWARD

Heartland Steady Growth

Rensselaer County is one of 145 U.S. counties in this market profile — weaker than typical on the BoomTown Index. Within this cohort, its recent home-price change of +6.0% runs above the profile's typical +4.9%.

See all 145 Heartland Steady Growth counties →

[02] Market Snapshot

Housing Ratio
9.9x

Overvalued relative to economy

Home Prices
+6.0%

Outpacing national median

Climate & Terrain
-0.5

Below-average climate & terrain

Price/Rent
13x

Below national median (15x)

Housing looks overvalued at 9.9x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    St. Peter's Health Partners Healthcare
    2,500+
  2. 2
    School Districts (East Greenbush, Averill Park, Troy) Education
    1,000+
  3. 3
    Rensselaer Polytechnic Institute Education
  4. 4
    Rensselaer County Government Government
  5. 5
    Regeneron Pharmaceuticals Manufacturing
  6. 6
    Hudson Valley Community College Education
  7. 7
    Dake Bros./Stewarts Ice Cream Co. Retail
  8. 8
    Community Care Physicians Healthcare
  9. 9
    Pitney Bowes/MapInfo Technology
    500+
  10. 10
    CDTA Logistics

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Rensselaer County U.S. National

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
160,332
-0.01% YoY
Median Household Income
$87,915
Median Home Value
$258,400
+6.0% 12mo
Median Rent
$1,217
Average Annual Pay
$74,329
-5.7% YoY
Employment
56,554
-0.4% YoY
Income-to-Home-Value
0.3402
More affordable than average
Migration Inflow
4.43%
of pop. from another state
Bachelor's Degree+
37.6%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$291,000
Days on Market
12
Very hot — homes selling fast
Months of Supply
2.9
Seller's market
Sale-to-List Ratio
102.0%
Homes selling above asking
Sold Above List
52.9%
Listings w/ Price Drops
27.4%
Building Permits (2025)
335
Single-Family Permits
165

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B
SAFETY
GRADE
Homicide Rate
3.9
per 100K · nat avg 6.3
Firearm Fatalities
6.5
per 100K · nat avg 14.8
Injury Deaths
62.3
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Capital Investment

$1,650M
TOTAL
PROJECT AMOUNT STATUS
Regeneron Pharmaceuticals Warehouse Project
Regeneron Pharmaceuticals, Inc.
$800M Under Construction
Willard Storage Battery Project
Undisclosed
$300M Planned
MetLife Data Center Upgrades
MetLife
$288M Under Construction
Amazon Fulfillment Center
Amazon
$145M Operating
FedEx Regional Distribution Center
FedEx
$90M Operating
Hawthorn Solar Farm
CleanChoice Energy
$27M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[07] Score Breakdown

Population Growth -0.0% 22 percentile
Income Growth +1.4% 21 percentile
Vacancy Rate 1.3% 29 percentile
Home Price Change +6.0% 93 percentile
Rent Growth +3.3% 56 percentile
Price/Rent 13x 72 percentile

Bars show percentile rank among all 1001 counties.

[08] Frequently Asked Questions

Is Rensselaer County, NY a good place to move to?

Rensselaer County scores 57/100 on the Boom Town Index, landing in the middle of the pack among 1001 U.S. counties (#424). Median household income is $87,915 and job growth is running at -0.4%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Rensselaer County affordable?

Housing in Rensselaer County is roughly in line with national affordability norms. The median home costs $258,400 and the income-to-home-value ratio sits at 0.34, with rents averaging $1,217/month. Not a bargain, but not a stretch for most local earners either.

Is Rensselaer County growing or shrinking?

Population and employment in Rensselaer County are both close to flat — population -0.0% YoY and jobs -0.4%. Home values shifted +6.0% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Rensselaer County?

There's a moderate stream of newcomers. About 4.43% of residents moved from another state, which is above average and suggests Rensselaer County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

How is the housing market in Rensselaer County?

Home values climbed +6.0% year-over-year, which is a solid pace of appreciation. The median home in Rensselaer County is now valued at $258,400. That kind of growth typically reflects sustained demand rather than speculative frenzy.

[09] Similar Counties by Size & Score

Richmond County, NY 57 Onondaga County, NY 58 Cayuga County, NY 59 Ontario County, NY 55 Monroe County, NY 60 Clinton County, NY 60 Boone County, MO 57 Rankin County, MS 58