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Rensselaer County, NY

RANK #118 / 996  ·  POP 160,943  ·  NY

PROJECTED GROWTH: +2.7%

Rensselaer County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Rensselaer County?

Rensselaer County, New York, is known for its blend of historic charm and natural beauty, particularly in towns like Troy, the county seat, which features Victorian architecture and a lively downtown. Located in the Capital Region, it sits across the Hudson River from Albany, offering residents a commute to the nearby city. The county boasts extensive outdoor recreation opportunities, including three state parks—Grafton Lakes, Cherry Plain, and Schodack Island—along with numerous trails like the Albany-Hudson Electric Trail, suitable for hiking and biking. The landscape transitions from flat terrain near the Hudson to the higher elevations of the Rensselaer Plateau and Taconic Mountains.

Life in Rensselaer County offers a mix of urban and rural living, with diverse housing options and highly rated public schools. Commute options include personal vehicles, public buses, and train services from the Albany-Rensselaer Station, a regional hub. The economy is experiencing growth, attracting new businesses and supporting existing companies. Major investment is evident in sectors such as data centers, energy, industrial and logistics, and manufacturing, contributing to a positive employment outlook. The presence of institutions like Rensselaer Polytechnic Institute also contributes to a skilled workforce and technological advancements.

[02] Market Snapshot

Housing Ratio
3.0x

Undervalued relative to economy

GDP Growth
+5.3%

Well above national median

Home Prices
+4.7%

Outpacing national median

Climate & Terrain
-0.5

Below-average climate & terrain

Price/Rent
13x

Below national median (13x)

Housing looks undervalued at 3.0x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Rensselaer County U.S. National

The Numbers

DEMOGRAPHICS
Population
160,943
-0.11% YoY
Median Household Income
$83,734
Median Home Value
$230,800
+4.68% 12mo
Median Rent
$1,141
Average Annual Pay
$78,789
+7.5% YoY
Employment
56,791
+0.6% YoY
Income-to-Home-Value
0.3628
More affordable than average
Migration Inflow
4.43%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$257,000
Days on Market
48
Moderate pace
Months of Supply
2.0
Seller's market
Sale-to-List Ratio
97.2%
Negotiation room for buyers
Sold Above List
31.9%
Listings w/ Price Drops
25.3%
Building Permits (2024)
320
Single-Family Permits
160

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$1,650M
TOTAL
PROJECT AMOUNT STATUS
Regeneron Pharmaceuticals Warehouse Project
Regeneron Pharmaceuticals, Inc.
$800M Under Construction
Willard Storage Battery Project
Undisclosed
$300M Planned
MetLife Data Center Upgrades
MetLife
$288M Under Construction
Amazon Fulfillment Center
Amazon
$145M Operating
FedEx Regional Distribution Center
FedEx
$90M Operating
Hawthorn Solar Farm
CleanChoice Energy
$27M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +5.3% 85 percentile
Population Growth -0.1% 24 percentile
Income Growth +9.1% 66 percentile
Vacancy Rate 1.3% 29 percentile
Home Price Change +4.7% 88 percentile
Rent Growth +4.8% 77 percentile
Price/Rent 13x 57 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Rensselaer County, NY a good place to move to?

Rensselaer County has a Boom Town Index score of 88/100, ranking #118 among 996 U.S. counties. With job growth at +0.6% and a median household income of $83,734, it's an above-average county on economic indicators.

Is Rensselaer County affordable?

The median home value in Rensselaer County is $230,800 with median rent at $1,141/month. The income-to-home-value ratio is 0.3628, which is more affordable than the national average.

Is Rensselaer County growing or shrinking?

Population growth: -0.1% year-over-year. Job growth: +0.6%. Home values changed +4.7% in the past 12 months.

Are people moving to Rensselaer County?

Yes — 4.43% of Rensselaer County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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