WhereCanIAfford › Albany, NY › On $400,000

Is Albany, NY affordable on a $400,000 salary?

YES On $400,000/yr, the typical $370,533 home in Albany, NY needs $109,242/yr ($2,549/mo). Your gap: +$290,758 — housing would be 7.6% of your gross income.

The math

370,533 price − 10% down (37,053) = 333,480 loan
30-yr fixed at 6.47% on 333,480 = 2,101/mo principal+interest
+ 448/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
2,549/mo PITI ÷ 0.28 = 9,103/mo → 109,242/yr required

against Zillow ZHVI 2026-05 and the 6.47% FRED 30-yr rate (2026-06-18).

What salary WOULD clear Albany, NY?

You need about $109,242/yr for the typical home. On $400,000 you already clear it by $290,758.

On $375,000? On $425,000? On $450,000?

See the full Albany, NY affordability breakdown → or every metro you can afford on $400,000 →