Side-by-side comparison of Albany, NY and Yonkers, NY — cap rates, rent, prices, and investment metrics.
Cash flow: Albany has the edge with an estimated cap rate of 3.97% compared to Yonkers's 2.43%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $225,000 in Albany vs $480,000 in Yonkers, while rents come in at $1,280/mo and $2,050/mo respectively.
Growth & appreciation: Albany is growing faster at 0.2% annually vs Yonkers's 0.2%. Yonkers leads on home value appreciation at 2.5% per year.
Costs & risk: Property taxes are 1.68% in Albany vs 1.65% in Yonkers. Vacancy rates of 5.5% and 4.8% are both healthy, suggesting strong tenant demand in both markets.
Bottom line: These two markets are remarkably similar — the best choice depends on your strategy. Albany is better for cash flow, Albany for growth. Use our free calculators to model specific deals in Albany or Yonkers.