ZIP Code 12203 — Albany, NY Home Prices (2026)

The typical home in ZIP 12203 (Albany, New York) is worth about $344,000 at roughly $222 per square foot — 3% more expensive than the Albany median and 17% more expensive than the typical U.S. home.

$344,000

Typical home value

$222

Price per sq ft

#3 of 9

Albany ZIPs by value

+3%

vs Albany median

How 12203 compares

ZIP 12203 is one of the pricier ZIP codes in Albany: its typical home value of $344,000 ranks #3 of the 9 Albany ZIP codes we track (the citywide range runs from $182,000 in 12202 to $493,000 in 12211). Per square foot it costs about $222, against $189 for Albany as a whole, $247 for New York, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 12203	$344,000	$222
Albany, NY	$335,000	$189
New York	$338,000	$247
United States	$294,000	$195

Home value by size in 12203

Using this ZIP’s rate of about $222 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.

Home size	Estimated value
1,000 sq ft	$222,000
1,500 sq ft	$333,000
2,000 sq ft	$444,000
2,500 sq ft	$555,000
3,000 sq ft	$666,000

Salary needed to buy a home in ZIP 12203

To buy the typical $344,000 home in ZIP 12203 with 20% down, you need a household income of roughly $94,000 a year (about $2,180 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $111,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$17,200	$2,710/mo	$116,000/yr
10% (+PMI)	$34,400	$2,590/mo	$111,000/yr
20%	$68,800	$2,180/mo	$94,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in ZIP 12203

At about $222 per square foot, here is roughly how much home different budgets get you in ZIP 12203:

Budget	Approx. size	What that looks like locally
$200k	900 sq ft	below the local median — condos, smaller or older homes
$250k	1130 sq ft	below the local median — condos, smaller or older homes
$300k	1350 sq ft	around the typical home here
$400k	1800 sq ft	around the typical home here
$500k	2250 sq ft	above the median — larger homes or the pricier ZIPs

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 12203 home.

Estimate a specific home in 12203

The estimator below is pre-set to ZIP 12203 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.

All Albany ZIP codes by home value

Where 12203 sits among Albany’s 9 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	12211	$493,000	$280
2	12207	$359,000	$189
3	12203 (this page)	$344,000	$222
4	12205	$339,000	$254
5	12208	$335,000	$188
6	12209	$273,000	$189
7	12210	$263,000	$182
8	12206	$229,000	$149
9	12202	$182,000	$140

ZIP 12203 home prices: frequently asked

What is the average home price in ZIP code 12203? +

The typical home in ZIP 12203 (Albany, NY) is worth about $344,000 as of 2026. That is 3% more expensive than the Albany median of $335,000 and 17% more expensive than the U.S. median of $294,000.

What is the price per square foot in 12203? +

About $222 per square foot in 12203, versus $189 across Albany and $247 across New York. At that rate a 1,500 sq ft home runs roughly $333,000 and a 2,500 sq ft home about $555,000.

What salary do you need to buy a house in ZIP 12203? +

For the typical $344,000 home in ZIP 12203, a household income of about $94,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $111,000; with 5% down about $116,000.

Is 12203 an expensive ZIP code? +

Within Albany, 12203 ranks #3 of 9 ZIP codes by typical home value, which makes it one of the pricier ZIP codes in Albany. Nationally it is about average.

See the full Albany home values page, all New York cities, or price per square foot by ZIP code nationwide.

Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.