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

1828 / 4247

Reliable / Active

Cap Rate

8%

Middle-Earners Gross Yield

Revenue

$25,061

Middle-Earners Revenue

Occupancy

51%

Middle-Earners Occupancy

Home Value

$312,118

Median Home Sale Price

Top Earners

$61,530

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, New York, the capital city of the state, is located in the northeastern part of the United States. It has a population of approximately 97,000 residents as of 2021. Albany is about 150 miles north of New York City, approximately 45 miles south of Saratoga Springs, and 160 miles west of Boston, making it relatively accessible to these major cities.

Albany is known for its rich history, distinct architecture, and vibrant cultural scene. Key landmarks include the New York State Capitol New York State Capitol, an impressive example of 19th-century American architecture, and The Egg The Egg, a unique performing arts venue known for its distinctive shape. The Empire State Plaza Empire State Plaza, a complex of state government buildings, is another landmark that hosts various cultural events and seasonal activities.

The city’s downtown area offers a mix of historic sites, like the Albany Institute of History & Art Albany Institute of History & Art, which showcases the region's art and history, and the USS Slater USS Slater, a World War II destroyer escort ship turned museum. Other attractions include the Washington Park Washington Park, which is known for its scenic beauty and annual Tulip Festival.

Albany’s appeal for short-term rentals lies in its proximity to these landmarks, its historic downtown area, and its accessibility from major northeast cities. Whether visitors are in town for governmental business, educational endeavors (owing to institutions like the University at Albany University at Albany), or simply to explore its rich cultural tapestry, the city offers a compelling mix of convenience and attractions for travelers.

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