ZIP Code · NY

ZIP 12303

Part of Schenectady, NY

Pop. 29,360·Schenectady County·304th most expensive ZIP in New York

Median rent (all units)

$1,371/mo

Year-over-Year

Stable

Month-over-Month

-0.2%

vs US Median

-$561

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 12303 · $1,371

More affordable than 82% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,090

1 BR

$1,270

2 BR

$1,530

3 BR

$1,830

4 BR+

$2,030

Research median

$1,530/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: September 25, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($84,375) is $2,109 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,030).

From Zillow's monthly rent index (ZORI) for ZIP 12303. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$16,452/yr

At $1,371/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, -0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 12303 (Schenectady, NY) is majority owner-occupied, 35.8% of residents hold a bachelor's degree or higher.

Population

29,360

Median income

$84,375

Median age

41.3

Renters

25.9%

Age distribution

21.8%

19.3%

25%

15%

18.9%

Under 1821.8%

18–3419.3%

35–5425%

55–6415%

65+18.9%

Gender

48.4%

51.6%

Male48.4%

Female51.6%

Race & ethnicity

66.9%

White66.9%

Black9.6%

Hispanic8.6%

Asian6.1%

Other8.8%

Education (25+)

23.9%

29.8%

35.8%

No HS diploma10.6%

HS diploma23.9%

Some college29.8%

Bachelor's+35.8%

Housing tenure

74.1%

25.9%

Owner74.1%

Renter25.9%

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

2021 vs 2026

How ZIP 12303 in Schenectady, NY has changed in 5 years

Income

$71,573 → $84,375

up 17.9%

Population

29,725 → 29,360

down 1.2%

Renter share

27.2% → 25.9%

-1.3 pts

Bachelor's+

30.6% → 35.8%

+5.2 pts

Median age

39.9 → 41.3

+1.4 yrs

Local incomes tracked alongside that move, going from a median of $71,573 in 2021 to $84,375 more recently. Headcount in the area went from 29,725 to 29,360 between 2021 and 2024, a 1.2% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 30.6% to 35.8%.

Community

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Local insights

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About renting in ZIP 12303

Last updated: September 25, 2026

ZIP code 12303 covers Schenectady, NY. The median rent here is $1,371/mo as of September 2026. A 1-bedroom rents for a median of $1,270/mo. A 2-bedroom rents for a median of $1,530/mo.

At 19% of local median household income ($84,375/yr), ZIP 12303 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 12303?

To keep rent at or below 30% of gross income, you would need to earn at least $55,000/year (about $26/hour full-time) to afford the median rent of $1,371/mo in ZIP 12303. The local median household income is $84,375/yr, so the typical household meets that bar.