ZIP Code · NY

ZIP 12207

Part of Albany, NY

Pop. 1,988·Albany County·243rd most expensive ZIP in New York

Median rent (all units)

$1,797/mo

Year-over-Year

+6.9%

Month-over-Month

-0.1%

vs US Median

-$135

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 12207 · $1,797

More affordable than 51% of US ZIP codes · National median $1,932/mo

Rent check

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,410

1 BR

$1,640

2 BR

$1,970

3 BR

$2,360

4 BR+

$2,610

Research median

$1,970/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of New York

Rent in ZIP 12207 changed +6.9% over the year to September 2026. Across the 251 New York ZIP codes Zillow tracks, the typical change was +5.6%.

Recent direction

Rent rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($58,998) is $1,475 a month. That covers HUD's Fair Market Rent for up to a studio ($1,410); a 1-bedroom is $1,640.

Rank in Albany

7th cheapest of 8 ZIP codes in Albany.

Cheaper nearby

ZIP 12210, 1 mile away, rents for 18% less ($1,474/mo), about $3,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 12207. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,564/yr

At $1,797/mo median

Location

CityAlbany

StateNY

CountyAlbany County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 6.9% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+6.9% YoY, -0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 12207 (Albany, NY) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 48.3% of residents hold a bachelor's degree or higher.

Population

1,988

Median income

$58,998

Median age

Renters

96%

Age distribution

46.9%

21%

14.5%

Under 188.2%

18–3446.9%

35–5421%

55–649.4%

65+14.5%

Gender

49%

51%

Male49%

Female51%

Race & ethnicity

51.2%

26.3%

14.5%

White51.2%

Black26.3%

Hispanic7.2%

Asian14.5%

Other0.8%

Education (25+)

29.3%

16.1%

48.3%

No HS diploma6.3%

HS diploma29.3%

Some college16.1%

Bachelor's+48.3%

Housing tenure

96%

Owner4%

Renter96%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 12207 in Albany, NY has changed in 5 years

Income

$22,670 → $58,998

up 160.2%

Population

2,157 → 1,988

down 7.8%

Renter share

94.1% → 96%

+1.9 pts

Bachelor's+

30.4% → 48.3%

+17.9 pts

Median age

33.7 → 32

-1.7 yrs

Census figures show median household income at $58,998 today, compared with $22,670 five years earlier. The population has contracted by 7.8% since 2021, moving from about 2,157 residents to roughly 1,988. Renters now make up 96% of households, compared with 94.1% five years ago. College-educated residents now make up 48.3% of adults here, versus 30.4% in 2021.

Community

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Local insights

Tips for renters in ZIP 12207

About renting in ZIP 12207

Last updated: October 17, 2026

ZIP code 12207 covers Albany, NY. The median rent here is $1,797/mo as of October 2026. A 1-bedroom rents for a median of $1,640/mo. A 2-bedroom rents for a median of $1,970/mo.

At 37% of local median household income ($58,998/yr), ZIP 12207 ranks as moderate compared to the national benchmark of 30%. Rents have increased 6.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 12207?

To keep rent at or below 30% of gross income, you would need to earn at least $72,000/year (about $35/hour full-time) to afford the median rent of $1,797/mo in ZIP 12207. The local median household income is $58,998/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 12207?

Rent in ZIP 12207 has risen 6.9% over the past year.

How does ZIP 12207 compare to other ZIPs in New York?

ZIP 12207 is one of the more affordable among New York ZIP codes for rent, ranking #243 of 334 at $1,797/mo. Over the year to September 2026, rent in ZIP 12207 changed +6.9%, against a typical +5.6% across the 251 New York ZIP codes Zillow tracks.