ZIP Code 12303 — Schenectady, New York

The median home in 12303 is valued at $227,500 against a median household income of $77,615, a price-to-income ratio of 2.9. That is in line with the 2.9 median across the 1,572 New York ZIP codes with published housing data, and near the 3.0 ratio that marks an attainable market nationally. Within Schenectady County, 12303 ranks 10 of 13 ZIPs on affordability (1 = lowest ratio); the county median ratio is 2.7. Renting takes 17.3% of median household income (median rent $1,120 a month), under the 30% cost-burden threshold.

12303 ranks 840 of 1,572 statewide on median household income and 798 of 1,572 on median home value; its income is in line with the $80,583 Schenectady County median. 72% of households own their home, below the 80% statewide ZIP median, making this a majority-owner ZIP. 35% of adults hold a bachelor's degree or higher, above the 31% median, and the poverty rate is 16.0%, far above the 9.9% statewide ZIP median. Unemployment stands at 5.3%.

With 1,922 residents per square mile across 15.6 square miles of land, 12303 is far denser than the statewide ZIP median of 197 (rank 421 of 1,572). This is a low-density pattern of large lots, small towns or scattered subdivisions.