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Schenectady County, NY

RANK #282 / 996 NAT  ·  #18 / 45 NY  ·  POP 159,447

1YR FORECAST: +2.6%

5YR OUTLOOK: +29%

Our model projects above-average housing market growth for Schenectady County at +2.6% over the next year.

[01] Why Schenectady County?

Schenectady County, New York, is often recognized for its historic Stockade District, a neighborhood with Dutch and English Colonial houses dating back to the 18th and 19th centuries, and New York State's first National Register historic district. Located in eastern New York, the county seat, the city of Schenectady, sits about 15 miles northwest of Albany. Commuting options include bus services, regional ride-sharing programs, and Amtrak train service from the Schenectady Train Station. The community offers a mix of suburban and rural areas, with rolling woodlands, lakes, and scenic parks. Outdoor recreation opportunities include hiking, biking on the Mohawk-Hudson Bike-Hike Trail, fishing, and kayaking.

Life in Schenectady County offers a blend of historical charm and modern amenities. Public schools in the county are generally well-regarded, with districts like Niskayuna Central School District receiving high ratings. The economy is experiencing growth, with recent investments in technology and manufacturing sectors. The county has seen efforts to revitalize its downtown areas, attracting new businesses and residential developments. This economic activity contributes to a community that appeals to a diverse population, including families and professionals.

[02] Market Snapshot

Housing Ratio
3.3x

Undervalued relative to economy

GDP Growth
+2.4%

Below national median

Home Prices
+4.6%

Outpacing national median

Climate & Terrain
-2.1

Below-average climate & terrain

Price/Rent
11x

Strong rental yield

Housing looks undervalued at 3.3x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    General Electric Manufacturing
    5,000+
  2. 2
    Ellis Medicine Healthcare
    2,500+
  3. 3
    Golub Corporation (Price Chopper Supermarkets-Market 32) Retail
  4. 4
    Schenectady City School District Education
  5. 5
    Knolls Atomic Power Laboratory (KAPL, Inc.) Energy
  6. 6
    Capital District Developmental Services Healthcare
    1,000+
  7. 7
    109th Airlift Wing Military
  8. 8
    Schenectady County Government
  9. 9
    MVP Health Care Healthcare
  10. 10
    NYS Dept. of Transportation Government
    500+

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

[04] Home Value Growth vs National

Schenectady County U.S. National

The Numbers

DEMOGRAPHICS
Population
159,447
+1.23% YoY
Median Household Income
$75,056
Median Home Value
$204,400
+4.6% 12mo
Median Rent
$1,092
Average Annual Pay
$73,794
+4.7% YoY
Employment
58,509
+1.5% YoY
Income-to-Home-Value
0.3672
More affordable than average
Migration Inflow
4.69%
of pop. from another state
Bachelor's Degree+
34.2%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$288,500
Days on Market
33
Active market
Months of Supply
2.3
Seller's market
Sale-to-List Ratio
100.6%
Homes selling above asking
Sold Above List
53.7%
Listings w/ Price Drops
21.4%
Building Permits (2024)
154
Single-Family Permits
78

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

[05] Crime & Safety

B+
SAFETY
GRADE
Homicide Rate
2.9
per 100K · nat avg 6.3
Firearm Fatalities
5.4
per 100K · nat avg 14.8
Injury Deaths
60.4
per 100K · nat avg 76.3
vs National Average
Well 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

$445M
TOTAL
PROJECT AMOUNT STATUS
Schenectady County Solar Energy Consortium Portfolio
DSD Renewables (formerly GE Solar)
$266M Operating
Harbor House at the YWCA (Affordable and Supportive Housing)
YWCA, New York State Homes and Community Renewal (HCR)
$51M Under Construction
GE Vernova Manufacturing Plant Expansion (Wind Turbines)
GE Vernova
$50M Operating
GE Vernova Advanced Generator Manufacturing Investment
GE Vernova
$41M Under Construction
SCAP and DePaul Properties Mixed-Use Development (Daycare, Offices, Apartments)
Schenectady Community Action Program (SCAP) and DePaul Properties
$37M Proposed

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

[07] Score Breakdown

GDP Growth +2.4% 45 percentile
Population Growth +1.2% 77 percentile
Income Growth +7.4% 24 percentile
Vacancy Rate 1.1% 49 percentile
Home Price Change +4.6% 88 percentile
Rent Growth +1.0% 19 percentile
Price/Rent 11x 76 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

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

With a Boom Town Index score of 72/100, Schenectady County sits in the upper half of all 996 ranked counties. Employment is expanding at +1.5%, and median household income stands at $75,056 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in NY.

Is Schenectady County affordable?

By national standards, Schenectady County is quite affordable. Homes here have a median value of $204,400, and the income-to-home-value ratio of 0.37 is well above the U.S. average — especially with median rent at just $1,092/month. Residents can generally buy a home without being cost-burdened.

Is Schenectady County growing or shrinking?

Schenectady County is growing on multiple fronts. Population is up +1.2% year-over-year while employers added jobs at a +1.5% clip — and home values reflect that momentum, rising +4.6% over the past 12 months.

Are people moving to Schenectady County?

There's a moderate stream of newcomers. About 4.69% of residents moved from another state, which is above average and suggests Schenectady County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Herkimer County, NY 72 Onondaga County, NY 73 Wayne County, NY 73 Chemung County, NY 73 Fulton County, NY 74 Ontario County, NY 74 Lebanon County, PA 72 Cache County, UT 72