ZIP Code · NY

ZIP 12308

Part of Schenectady, NY

Pop. 15,511·Schenectady County·269th most expensive ZIP in New York

Median rent (all units)

$1,569/mo

Year-over-Year

+9.0%

Month-over-Month

+1.4%

vs US Median

-$363

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 12308 · $1,569

More affordable than 68% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,120

1 BR

$1,310

2 BR

$1,570

3 BR

$1,880

4 BR+

$2,080

Research median

$1,570/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 12308 changed +9.0% over the year to September 2026. Across the 251 New York ZIP codes Zillow tracks, the typical change was +5.6%.

Recent direction

Rent has risen 2 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($63,434) is $1,586 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,570); a 3-bedroom is $1,880.

Rank in Schenectady

2nd cheapest of 4 ZIP codes in Schenectady.

Cheaper nearby

ZIP 12305, 2 miles away, rents for 11% less ($1,403/mo), about $2,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 12308. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,828/yr

At $1,569/mo median

Location

CitySchenectady

StateNY

CountySchenectady County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 9.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+9.0% YoY, +1.4% MoM), not inventory.

Demographics

Who lives here

ZIP 12308 (Schenectady, NY) is roughly split between renters and owners, skews toward younger working-age adults, has a median income below the national average, 31.7% of residents hold a bachelor's degree or higher.

Population

15,511

Median income

$63,434

Median age

31.7

Renters

55%

Age distribution

19.1%

34.6%

23.4%

14.5%

Under 1819.1%

18–3434.6%

35–5423.4%

55–648.3%

65+14.5%

Gender

51.2%

48.8%

Male51.2%

Female48.8%

Race & ethnicity

60%

16.9%

15%

White60%

Black16.9%

Hispanic15%

Asian4.3%

Other3.8%

Education (25+)

27.2%

31.8%

31.7%

No HS diploma9.3%

HS diploma27.2%

Some college31.8%

Bachelor's+31.7%

Housing tenure

45%

55%

Owner45%

Renter55%

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

2021 vs 2026

How ZIP 12308 in Schenectady, NY has changed in 5 years

Income

$51,498 → $63,434

up 23.2%

Population

14,122 → 15,511

up 9.8%

Renter share

54.1% → 55%

+0.9 pts

Bachelor's+

28% → 31.7%

+3.7 pts

Median age

35 → 31.7

-3.3 yrs

On the earnings side, the typical household in ZIP 12308 in Schenectady, NY now reports about $63,434, up from $51,498 in 2021. The population has grown by 9.8% since 2021, moving from about 14,122 residents to roughly 15,511. College-educated residents now make up 31.7% of adults here, versus 28% in 2021.

Community

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Local insights

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About renting in ZIP 12308

Last updated: October 17, 2026

ZIP code 12308 covers Schenectady, NY. The median rent here is $1,569/mo as of October 2026. A 1-bedroom rents for a median of $1,310/mo. A 2-bedroom rents for a median of $1,570/mo.

At 30% of local median household income ($63,434/yr), ZIP 12308 ranks as moderate compared to the national benchmark of 30%. Rents have increased 9.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 12308?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (about $30/hour full-time) to afford the median rent of $1,569/mo in ZIP 12308. The local median household income is $63,434/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 12308?

Rent in ZIP 12308 has risen 9.0% over the past year.

How does ZIP 12308 compare to other ZIPs in New York?

ZIP 12308 is one of the more affordable among New York ZIP codes for rent, ranking #269 of 334 at $1,569/mo. Over the year to September 2026, rent in ZIP 12308 changed +9.0%, against a typical +5.6% across the 251 New York ZIP codes Zillow tracks.