WhereCanIAfford › Albany, NY › On $275,000

Is Albany, NY affordable on a $275,000 salary?

YES On $275,000/yr, the typical $375,358 home in Albany, NY needs $115,276/yr ($2,690/mo). Your gap: +$159,724 — housing would be 11.7% of your gross income.

The math

375,358 price − 10% down (37,536) = 337,822 loan
30-yr fixed at 6.95% on 337,822 = 2,236/mo principal+interest
+ 454/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
2,690/mo PITI ÷ 0.28 = 9,606/mo → 115,276/yr required

against Zillow ZHVI 2026-08 and the 6.95% FRED 30-yr rate (2026-09-17).

What salary WOULD clear Albany, NY?

You need about $115,276/yr for the typical home. On $275,000 you already clear it by $159,724.

On $250,000? On $300,000? On $325,000?

See the full Albany, NY affordability breakdown → or every metro you can afford on $275,000 →