90 / 100

Schenectady County, NY

RANK #103 / 996  ·  POP 159,447  ·  NY

PROJECTED GROWTH: +2.9%

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

[01] Why Schenectady County?

Schenectady County, New York, is often recognized for its historic Stockade District, a neighborhood with Dutch and English Colonial houses dating back to the 18th and 19th centuries, and New York State's first National Register historic district. Located in eastern New York, the county seat, the city of Schenectady, sits about 15 miles northwest of Albany. Commuting options include bus services, regional ride-sharing programs, and Amtrak train service from the Schenectady Train Station. The community offers a mix of suburban and rural areas, with rolling woodlands, lakes, and scenic parks. Outdoor recreation opportunities include hiking, biking on the Mohawk-Hudson Bike-Hike Trail, fishing, and kayaking.

Life in Schenectady County offers a blend of historical charm and modern amenities. Public schools in the county are generally well-regarded, with districts like Niskayuna Central School District receiving high ratings. The economy is experiencing growth, with recent investments in technology and manufacturing sectors. The county has seen efforts to revitalize its downtown areas, attracting new businesses and residential developments. This economic activity contributes to a community that appeals to a diverse population, including families and professionals.

[02] Market Snapshot

Housing Ratio
3.3x

Undervalued relative to economy

GDP Growth
+2.4%

Below national median

Home Prices
+4.6%

Outpacing national median

Climate & Terrain
-2.1

Below-average climate & terrain

Price/Rent
11x

Strong rental yield

Housing looks undervalued at 3.3x — 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

Schenectady County U.S. National

The Numbers

DEMOGRAPHICS
Population
159,447
+1.23% YoY
Median Household Income
$75,056
Median Home Value
$204,400
+4.6% 12mo
Median Rent
$1,092
Average Annual Pay
$73,794
+4.7% YoY
Employment
58,509
+1.5% YoY
Income-to-Home-Value
0.3672
More affordable than average
Migration Inflow
4.69%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$288,500
Days on Market
33
Active market
Months of Supply
2.3
Seller's market
Sale-to-List Ratio
100.6%
Homes selling above asking
Sold Above List
53.7%
Listings w/ Price Drops
21.4%
Building Permits (2024)
154
Single-Family Permits
78

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

[05] Capital Investment

$445M
TOTAL
PROJECT AMOUNT STATUS
Schenectady County Solar Energy Consortium Portfolio
DSD Renewables (formerly GE Solar)
$266M Operating
Harbor House at the YWCA (Affordable and Supportive Housing)
YWCA, New York State Homes and Community Renewal (HCR)
$51M Under Construction
GE Vernova Manufacturing Plant Expansion (Wind Turbines)
GE Vernova
$50M Operating
GE Vernova Advanced Generator Manufacturing Investment
GE Vernova
$41M Under Construction
SCAP and DePaul Properties Mixed-Use Development (Daycare, Offices, Apartments)
Schenectady Community Action Program (SCAP) and DePaul Properties
$37M Proposed

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

[06] Score Breakdown

GDP Growth +2.4% 45 percentile
Population Growth +1.2% 77 percentile
Income Growth +7.4% 24 percentile
Vacancy Rate 1.1% 49 percentile
Home Price Change +4.6% 88 percentile
Rent Growth +1.0% 19 percentile
Price/Rent 11x 76 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Schenectady County has a Boom Town Index score of 90/100, ranking #103 among 996 U.S. counties. With job growth at +1.5% and a median household income of $75,056, it's an above-average county on economic indicators.

Is Schenectady County affordable?

The median home value in Schenectady County is $204,400 with median rent at $1,092/month. The income-to-home-value ratio is 0.3672, which is more affordable than the national average.

Is Schenectady County growing or shrinking?

Population growth: +1.2% year-over-year. Job growth: +1.5%. Home values changed +4.6% in the past 12 months.

Are people moving to Schenectady County?

Yes — 4.69% of Schenectady County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Winnebago County, IL 100 Madison County, NY 100 Oswego County, NY 100 Valencia County, NM 100 Taylor County, TX 100 Allen County, OH 100 Newton County, MO 99 Dodge County, WI 99