ZIP Code 12304 — Schenectady, NY Home Prices (2026)
The typical home in ZIP 12304 (Schenectady, New York) is worth about $266,000 at roughly $201 per square foot — 11% more affordable than the Schenectady median and 10% more affordable than the typical U.S. home.
How 12304 compares
ZIP 12304 is one of the more affordable ZIP codes in Schenectady: its typical home value of $266,000 ranks #7 of the 8 Schenectady ZIP codes we track (the citywide range runs from $189,000 in 12307 to $421,000 in 12309). Per square foot it costs about $201, against $205 for Schenectady as a whole, $247 for New York, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 12304 | $266,000 | $201 |
| Schenectady, NY | $298,500 | $205 |
| New York | $338,000 | $247 |
| United States | $294,000 | $195 |
Home value by size in 12304
Using this ZIP’s rate of about $201 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 | $201,000 |
| 1,500 sq ft | $301,500 |
| 2,000 sq ft | $402,000 |
| 2,500 sq ft | $502,500 |
| 3,000 sq ft | $603,000 |
Salary needed to buy a home in ZIP 12304
To buy the typical $266,000 home in ZIP 12304 with 20% down, you need a household income of roughly $72,000 a year (about $1,690 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $86,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $13,300 | $2,100/mo | $90,000/yr |
| 10% (+PMI) | $26,600 | $2,010/mo | $86,000/yr |
| 20% | $53,200 | $1,690/mo | $72,000/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 12304
At about $201 per square foot, here is roughly how much home different budgets get you in ZIP 12304:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 750 sq ft | below the local median — condos, smaller or older homes |
| $200k | 1000 sq ft | below the local median — condos, smaller or older homes |
| $250k | 1240 sq ft | around the typical home here |
| $300k | 1490 sq ft | around the typical home here |
| $400k | 1990 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 12304 home.
Estimate a specific home in 12304
The estimator below is pre-set to ZIP 12304 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Schenectady ZIP codes by home value
Where 12304 sits among Schenectady’s 8 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 12309 | $421,000 | $214 |
| 2 | 12302 | $340,000 | $207 |
| 3 | 12303 | $328,000 | $231 |
| 4 | 12306 | $305,000 | $232 |
| 5 | 12305 | $292,000 | $203 |
| 6 | 12308 | $270,000 | $179 |
| 7 | 12304 (this page) | $266,000 | $201 |
| 8 | 12307 | $189,000 | $116 |
ZIP 12304 home prices: frequently asked
What is the average home price in ZIP code 12304? +
What is the price per square foot in 12304? +
What salary do you need to buy a house in ZIP 12304? +
Is 12304 an expensive ZIP code? +
See the full Schenectady 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.