ZIP Code · NY

ZIP 12302

Part of Schenectady, NY

Pop. 28,031·Schenectady County·257th most expensive ZIP in New York

Median rent (all units)

$1,690/mo

Year-over-Year

Stable

Month-over-Month

+0.8%

vs US Median

-$242

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 12302 · $1,690

More affordable than 59% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,210

1 BR

$1,410

2 BR

$1,690

3 BR

$2,030

4 BR+

$2,240

Research median

$1,690/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

What a typical income covers

30% of the median household income ($98,163) is $2,454 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,240).

Rank in Schenectady

3rd cheapest of 4 ZIP codes in Schenectady.

Cheaper nearby

ZIP 12305, 5 miles away, rents for 17% less ($1,403/mo), about $3,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 12302. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$20,280/yr

At $1,690/mo median

Location

CitySchenectady

StateNY

CountySchenectady County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.0% YoY, +0.8% MoM), not inventory.

Demographics

Who lives here

ZIP 12302 (Schenectady, NY) is majority owner-occupied, has a large retiree population, has a median income above the national average, 42% of residents hold a bachelor's degree or higher.

Population

28,031

Median income

$98,163

Median age

43.3

Renters

24.2%

Age distribution

21%

19.4%

24.7%

12%

22.8%

Under 1821%

18–3419.4%

35–5424.7%

55–6412%

65+22.8%

Gender

47.4%

52.6%

Male47.4%

Female52.6%

Race & ethnicity

90.8%

White90.8%

Black1.5%

Hispanic2.8%

Asian1.6%

Other3.2%

Education (25+)

22.5%

31.2%

42%

No HS diploma4.3%

HS diploma22.5%

Some college31.2%

Bachelor's+42%

Housing tenure

75.8%

24.2%

Owner75.8%

Renter24.2%

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

2021 vs 2026

How ZIP 12302 in Schenectady, NY has changed in 5 years

Income

$83,692 → $98,163

up 17.3%

Population

27,701 → 28,031

up 1.2%

Renter share

25.3% → 24.2%

-1.1 pts

Bachelor's+

39.9% → 42%

+2.1 pts

Median age

42.2 → 43.3

+1.1 yrs

Local incomes tracked alongside that move, going from a median of $83,692 in 2021 to $98,163 more recently. The population has grown by 1.2% since 2021, moving from about 27,701 residents to roughly 28,031. College-educated residents now make up 42% of adults here, versus 39.9% in 2021.

Community

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Local insights

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About renting in ZIP 12302

Last updated: October 17, 2026

ZIP code 12302 covers Schenectady, NY. The median rent here is $1,690/mo as of October 2026. A 1-bedroom rents for a median of $1,410/mo. A 2-bedroom rents for a median of $1,690/mo.

At 21% of local median household income ($98,163/yr), ZIP 12302 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 12302?

To keep rent at or below 30% of gross income, you would need to earn at least $68,000/year (about $33/hour full-time) to afford the median rent of $1,690/mo in ZIP 12302. The local median household income is $98,163/yr, so the typical household meets that bar.