Albany, NY

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Albany short-term rental market based on reliable data.

Listings

1838 / 4379

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$24,492

Middle-Earners Revenue

Occupancy

51%

Middle-Earners Occupancy

Home Value

$330,474

Median Home Sale Price

Top Earners

$65,175

Top-Earners Revenue

Albany

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Albany.

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B

Generally Investor friendly

Albany Regulations

Albany currently allows short‑term rentals (STRs) with no city caps, but requires state registration starting March 2025, a pending city operating license, safety inspections, host registration, occupancy limits and estimated $250–$500 annual fees, which together create moderate permitting and compliance costs but still provide a manageable framework for investors.

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About Albany

Albany is the capital of New York State and the seat of Albany County, sitting on the west bank of the Hudson River in the eastern part of the state. The city has a population of roughly 100,000 residents and carries the steady, civic-minded character typical of an old state capital, with a compact downtown of nineteenth-century brownstones, government complexes, and riverfront paths. It is best known as the seat of New York's government and as a convenient gateway to the Hudson Valley, the Berkshire foothills, the Catskill Mountains, and the southern Adirondacks. New York City lies approximately 150 miles to the south, a drive of about two and a half hours via the New York State Thruway, while Boston is roughly 170 miles to the east and Montreal around 240 miles to the north.

The New York State Capitol and the surrounding Empire State Plaza form the symbolic heart of the city. The Plaza, a sweeping modernist complex completed in the 1970s, houses government offices, the iconic performing arts venue known as The Egg, and the New York State Museum. Visitors can tour the Capitol's ornate staircases and historic legislative chambers, then walk across the plaza to the museum, which covers New York's natural and cultural history. The site sits in the middle of downtown Albany and is within easy walking distance of most central hotels and rentals.

A short drive north of the city, Saratoga Springs is one of the Capital Region's most popular day-trip and overnight destinations. Located about 35 miles north of Albany, the town is known for its mineral springs, the Saratoga Race Course, the Saratoga Performing Arts Center, and a walkable downtown of restaurants and shops. It also serves as a gateway to the broader Adirondack region, making it a natural pairing for travelers using Albany as a base.

History-minded visitors often head to the Schuyler Mansion State Historic Site, the eighteenth-century home of Philip Schuyler, Alexander Hamilton's father-in-law and a Revolutionary War general. The site is a short drive from downtown and offers a glimpse into the colonial and revolutionary past of the upper Hudson. For a more relaxed afternoon, Washington Park, designed in part by Frederick Law Olmsted, provides formal gardens, a lake, and footpaths that anchor one of Albany's most attractive residential neighborhoods.

Albany makes a compelling base for short-term rentals because it sits at the intersection of several distinct travel experiences. Guests can spend mornings exploring the capital's historic and political landmarks, afternoons in the Saratoga Springs spa and racing scene, and longer weekends driving into the Adirondacks or the Hudson Valley's wine country. The combination of year-round demand from government business, university visitors, and leisure travelers heading to nearby outdoor and cultural destinations gives the city a steady, well-diversified rental market.

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