Why Live in Downtown Schenectady
Downtown Schenectady, founded in 1661, is home to the historic Stockade District along the Mohawk River, featuring over 40 pre-Revolutionary War homes. The neighborhood offers a mix of new construction and historic buildings, with single-family homes primarily in the Stockade District and a variety of apartment buildings, row homes, and Italianate townhouses. The area is known for its walkability, numerous shops, and diverse dining options, including Johnny’s Italian American eatery and Perreca's Bakery. Residents enjoy green spaces like Front Street Park, which offers walking paths, sports facilities, and views of the Mohawk River. Union College, established in 1795, adds a collegiate atmosphere with its liberal arts and engineering programs. For entertainment, Proctors Theater hosts top-name shows, and the Rivers Casino & Resort offers a night out for adults. The Jay Street Marketplace features over 25 independent businesses, and the Schenectady Farmers Market operates from May through October. Annual events like Schenectady County Summernight and the St. George Greek Festival provide community engagement. Public transportation is accessible with frequent bus lines and an Amtrak station, and commuters can reach Troy in 14 miles and Albany in 18 miles via Interstate 890. The neighborhood's crime rate is lower than the national average, contributing to its appeal for urban living.
Frequently Asked Questions
Is Downtown Schenectady a good place to live?
Downtown Schenectady is a good place to live. Downtown Schenectady is considered fairly walkable and bikeable with some transit options. Downtown Schenectady has 6 parks for recreational activities. It is very dense in population with 15.6 people per acre and a median age of 28. The average household income is $49,266 which is below the national average. College graduates make up 29.8% of residents. A majority of residents in Downtown Schenectady are renters, with 88.6% of residents renting and 11.4% of residents owning their home. A
local real estate agent serving Downtown Schenectady can help you decide if this neighborhood is the right one for you. Learn more on our
Downtown Schenectady neighborhood guide.
How much do you need to make to afford a house in Downtown Schenectady?
The median home price in Downtown Schenectady is $399,999. If you put a 20% down payment of $80,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,070 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $89K a year to afford the median home price in Downtown Schenectady. The average household income in Downtown Schenectady is $49K.
What are the best public schools in Downtown Schenectady?
The best public schools that serve Downtown Schenectady are:
What are the best private schools in Downtown Schenectady?
The best private schools that serve Downtown Schenectady are:
What are the most popular zip codes in Downtown Schenectady, Schenectady, NY?
What are the most popular neighborhoods near Downtown Schenectady, Schenectady, NY?
Home Trends in Downtown Schenectady, NY
On average, homes in Downtown Schenectady, Schenectady sell after 94 days on the market compared to the national average of 70 days. The median sale price for homes in Downtown Schenectady, Schenectady over the last 12 months is $375,000.
Median Sale Price
$375,000
Median Single Family Sale Price
$375,000
Average Price Per Sq Ft
$164
Number of Homes for Sale
1
Last 12 months Home Sales
10
Median List Price
$399,999
Median Change From 1st List Price
6%