Albany, New York is a capital city that offers a little bit of everything in one picturesque location: history, outdoor adventure, and a beautiful, vibrant downtown area. And, it hasn’t gone unnoticed! From mid-January to the end of February, Homes.com searches in Albany experienced week-over-week growth. (For perspective, cities will normally experience a dip in search activity from one week to the next; it’s very rare for a spot to only trend upward for several weeks at a time!)
What’s causing all this interest in Albany? We took a closer look, and found several reasons why this city should be on your relocation radar!
For New York City dwellers, Albany is less than three hours away — a convenient option to enjoy both the city life and access a refreshing, more quiet pace of life when needed. Several hiking trails are only a day’s trip away from Albany, including popular trails Kaaterskill Falls, Thacher State Park and Sleeping Beauty Mountain. Less than an hour away is Howe Caverns, a stunning underground cave and lake that’s the second-most visited natural New York attraction behind Niagara Falls (which, speaking of, is less than five hours from Albany). But if you’re looking to stay closer to home, explore the beauty of the New York State Capital, stroll around the Empire State Plaza and end your day sipping drinks on a Spirit of Albany cocktail tour — bonus points if you try each one!
Outdoor Adventures? Yes please!
One of the best parts about Albany — you’ll truly get to experience all four seasons (how many cities can say that!). While it does get a bit cold in the winter, Albany appeals to lovers of all seasons, with outdoor experiences that residents and visitors can explore all year round. The Hudson River offers kayaking and paddle-boarding opportunities in the warmer months, or if you’d rather take a boat tour, you can book a cruise instead.
Albany County offers such serene trail and park options — it’s difficult to pick our favorites! But if we had to choose, definitely enjoy nature through the Albany Pine Bush Preserve, one of the few remaining inland pine barrens left in the world. It’s a national landmark and is home to several types of state-endangered wildlife. Also, visiting the 25-acre arboretum is a no-brainer!
A History Lover’s Dream
So much of New York’s — and the world’s —history is based in Albany! In fact, here’s a random bit of trivia: did you know the telegraph, electric motor and celluloid (type of plastic) all came to life here? If you’re fascinated by history, there are several museums to explore at your leisure, including the New York State Museum and the Albany Institute of Art and History. Plus, don’t even get us started on the incredible range of historical sites to visit, like Historic Cherry Hill to the Schuyler Mansion State Historic Site (Hamilton, anyone?).
An In-Demand (But Still Affordable!) Market
As part of New York’s “Tech Valley,” it’s no surprise Albany’s thriving environment for technology is attracting more and more people every year. While the number of homes on the market in Albany is lower than usual (like just about…well…everywhere), housing demand and enthusiasm still remains high.
But, don’t let a competitive market intimidate you — the average price for homes currently on the market is $230,000, but the median price overall is just shy of $200,000. And while the cost of living is admittedly a bit higher here than the national average, this still keeps Albany an affordable option, especially given the amenities you get for your dollar. Our advice? It’s probably best to buy sooner than later, because the demand in Albany is only projected to grow!
Find your Albany home the Simply Smarter Way
Whether you’re ready to find your quaint city home in downtown Albany or a mountain home just outside of town — let Homes.com be your homebuying guide for all-things New York!