ZIP Code 12307 — Schenectady, New York

The median home in 12307 is valued at $95,900 against a median household income of $33,191, 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, 12307 ranks 9 of 13 ZIPs on affordability (1 = lowest ratio); the county median ratio is 2.7. Renting takes 40.1% of median household income (median rent $1,110 a month), above the 30% cost-burden threshold.

12307 ranks 1,559 of 1,572 statewide on median household income and 1,516 of 1,572 on median home value; its income is far below the $80,583 Schenectady County median. 27% of households own their home, far below the 80% statewide ZIP median, so most residents rent. 14% of adults hold a bachelor's degree or higher, far below the 31% median, and the poverty rate is 34.0%, far above the 9.9% statewide ZIP median and among the highest in the state. Unemployment stands at 15.4%.

With 11,396 residents per square mile across 0.7 square miles of land, 12307 is far denser than the statewide ZIP median of 197 (rank 173 of 1,572). This is a mixed urban fabric of apartments, small-lot houses and commercial corridors.