Welcome to Albany, the capital metropolis of New York State, the place historic meets fashionable, and potentialities are limitless. In the event you’re questioning whether or not Albany is an effective place to reside, relaxation assured that residing in Albany affords a wide selection of perks, from catching a hockey recreation to indulging in apple cider donuts to taking within the stunning surroundings. Town boasts gorgeous structure, small-town allure, and plentiful out of doors leisure alternatives to discover and luxuriate in. That mentioned, there are some drawbacks to think about earlier than making the transfer. So whether or not you’re a scholar trying to find flats in Albany, or a household in search of houses on the market, Redfin can help you. Maintain studying for a complete record of the professionals and cons of residing in Albany to assist decide if Albany is an effective place to reside.
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Properties on the market in Albany, NY | Flats for hire in Albany, NY | Homes for hire in Albany, NY
Fast Info about Albany
Median house sale worth | $268,000 |
Common month-to-month hire | $1,461 |
Stroll Rating | 65/100 |
Transit Rating | 52/100 |
Bike Rating | 55/100 |
1. Professional: Inexpensive price of residing
Albany is thought for having an reasonably priced price of residing, making it an excellent place to name house for these wanting to economize. Housing costs in Albany are notably decrease than in different main cities within the Northeast. The median sale worth is $268,000, and the common hire is $1,461, making renting or proudly owning a house at an affordable price doable. Town additionally has a decrease general price of residing, with groceries, healthcare, and transportation comparatively cheap in comparison with different cities within the area.
2. Con: Snowy winters
The common annual snowfall in Albany is 59 inches, and in the course of the winter months, snowstorms can result in journey disruptions and typically even faculty and enterprise closures. Within the winter, the temperature ranges round 34 levels Fahrenheit with January being the coldest month, with lows of 14 levels Fahrenheit. Town does take measures to take care of the winter climate, reminiscent of plowing the streets and sidewalks and salting the roads, however residents nonetheless must take precautions to remain secure and heat. Take a look at this text on how you can put together your own home for winter.
3. Professional: Entry to out of doors leisure actions
The Hudson River runs via Albany, offering residents with gorgeous views and varied water-based actions reminiscent of kayaking, fishing, and boating. As well as, quite a few parks and inexperienced areas are scattered all through the town, together with Washington Park and the Albany Pine Bush Protect, which provide mountain climbing, birdwatching, and picnicking alternatives. The close by Adirondack Mountains are a favourite vacation spot for out of doors lovers, with year-round actions reminiscent of snowboarding, snowboarding, and snowshoeing within the winter and mountain climbing, tenting, and boating in the summertime.
4. Con: Excessive property taxes
On common, property homeowners in Albany County pay 1.74% of their property’s assessed honest market worth as property tax. Albany has comparatively excessive property taxes in comparison with different areas of the nation. Owners in Albany might pay a big quantity of their earnings in direction of property taxes annually, making it tough to afford different bills. The excessive property taxes are partly attributable to the price of operating the town’s authorities, which incorporates funding for public colleges, roads, and different important providers.
5. Professional: Hockey is the game of alternative
Albany is an effective place to reside in case you love hockey. Town holds a fantastic hockey tradition and a protracted historical past of supporting the game. There you will discover the Albany Devils, an expert ice hockey workforce that has garnered a robust native fan base. The workforce performs on the Instances Union Heart, which usually hosts varied hockey occasions and tournaments, together with NCAA Division I and AHL All-Star Video games. Along with the Albany Devils, the town is house to quite a few native youth and grownup hockey leagues, offering alternatives for residents in any respect levels to become involved within the sport.
6. Con: Restricted transportation choices
In comparison with bigger cities, Albany has restricted transportation choices. Town has a public bus system (CDTA), which offers transportation inside and to some close by areas. Nonetheless, the bus system has restricted routes and could also be much less dependable and frequent than some residents would love. Town additionally has a prepare station that connects to different main cities within the Northeast, however prepare service might be costly and will solely be an choice for some. In the event you reside outdoors the town, contemplate a automotive to get round.
7. Professional: Proximity to main cities within the Northeast
Boston, New York Metropolis, and Montreal are all inside just a few hours’ drive or prepare journey from Albany, making it an excellent location. Make the most of all of the cultural and leisure choices of bigger cities whereas nonetheless having fun with the quieter tempo of life in Albany. Town can be near common trip spots just like the Adirondack Mountains, Lake George, and the Catskills, offering residents with easy accessibility to year-round out of doors leisure actions. Albany’s central location and proximity to main highways and airports make it a hub for journey, enterprise, and leisure, making it a gorgeous metropolis to relocate.
8. Con: Excessive humidity in the course of the summer season months
Albany experiences excessive humidity in the course of the summer season, making the nice and cozy temperatures really feel much more oppressive. The humidity ranges within the metropolis can rise to uncomfortable ranges, significantly in July and August, sometimes the most well liked months of the 12 months, averaging round 82 levels Fahrenheit. Excessive humidity could make it difficult to remain cool and comfy with out air-con and result in different points like mould and mildew development. You’ll need to study extra about how you can management house humidity so you’ll be able to shield your own home and your self.
9. Professional: Lovely seasonal adjustments and surroundings
A picturesque mix of historical past and modernity is the proper option to describe New York State’s capital. Town consists of gorgeous structure, together with the long-lasting Empire State Plaza, which homes authorities places of work and is surrounded by reflecting swimming pools and sculptures. Moreover, the town is located alongside the Hudson River, offering breathtaking views of the water and the encompassing mountains. Through the fall, the town is very stunning because the leaves on the timber change to vibrant shades of purple, orange, and yellow. Whether or not you’re strolling via parks in Albany, wandering via its historic neighborhoods, or admiring the fantastic thing about the Capitol constructing, Albany has a allure you’ll be able to’t deny.
10. Con: Massive faculty presence
Whereas some might not contemplate a big faculty presence a con, Albany has a number of schools all through the town bringing in a considerable amount of college students. There you could find the College of Albany, Albany Medical Faculty, Albany Regulation Faculty, The Faculty of Saint Rose, Maria Faculty, Bryant, and Stratton Faculty, to call just a few. With a number of schools in and across the metropolis, you’ll be able to anticipate many college students and younger professionals, which might add to elevated visitors congestion and noise.
Methodology: The median house sale worth and common month-to-month rental information is from the Redfin Information Heart. The Stroll Rating, Transit Rating and Bike Rating information is from Stroll Rating.