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City · 13,802 residents · Albany County, New York

Latham , New York

In Latham, a typical home is worth $326,900 and typical rent is $1,472 a month. Compared with all of Albany County, typical household income is 23% higher, typical rent is 12% higher, and the share of households that own their home is 6 points higher.

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  • Typical home value

    $326,900

    11% above the county

    23% below New York

    • Latham
    • Albany
    • New York

  • Typical rent

    $1,472a month

    12% above the county

    9% below New York

    • Latham
    • Albany
    • New York

  • Typical household income

    $104,899a year

    23% above the county

    22% above New York

    • Latham
    • Albany
    • New York

  • Households that own their home

    62%

    6 points above the county

    8 points above New York

    • Latham
    • Albany
    • New York

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical rent
$2,458 a month

From Zillow (ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Latham is in Albany County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Albany County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Latham apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Watervliet, the typical home value is $179,700: 45% less than in Latham ($326,900).

  2. Nearby, in Watervliet, the typical rent is $1,083: 26% less than in Latham ($1,472).

  3. The typical household income in Latham is $104,899, 23% more than in Albany County as a whole ($85,333).

  4. Latham has the 19th smallest share of rent-burdened renters of the 300 cities in New York with more than 5,000 people (37%).

  5. 62% of households in Latham own their home, against 57% in Albany County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Latham

What homes there are in Latham, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses, standing on their own, make up 59% of homes here, against 50% in Albany County.

Year built

Here half of the homes date from 1976 or later; in Albany County, from 1964 or later.

In Latham, 60% of homes have 3 bedrooms or more, more than in Albany County (55%).

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,069 a month

Albany County: $1,998 a month

Without a mortgage

$723 a month

Albany County: $765 a month

Owners with a mortgage

61%

Albany County: 60%

Owning costs about the same in Latham as in Albany County: with a mortgage, $2,069 a month; without one, $723.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The Census does not compare Latham with 2015–2019 because its boundaries changed. In Albany County, over that time, the typical home value rose 32%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureLathamAlbany CountyNew YorkUnited States
Rental vacancy Unreliable estimate3.3%3.8%5.5%
Homeowner vacancy Unreliable estimate0.9%1.1%0.9%
More than one person per room Unreliable estimate1.7%5.3%3.4%
People per household 2.332.212.492.53
Drive alone 69%67%49%69%
Carpool Unreliable estimate8%6%9%
Public transit Unreliable estimate4%22%3%
Walk or bike Unreliable estimate4%6%3%
Work from home 17%15%15%15%
Other means Unreliable estimate1%2%2%
Typical commute Unreliable estimateUnreliable estimate20 to 29 minutes20 to 29 minutes

More people live in each home here: 2.33 on average, against 2.21 in Albany County.

To get to work, 69% of workers in Latham drive alone; in Albany County, 67%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Latham?

A typical home is tight for the typical income

We start with a typical home in Latham, worth $326,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 33% of the typical household income in Latham, which is $104,899 a year. For that payment to be 28% of income, a household would need to earn about $122,152 a year.

The calculator's FHA and conventional loan limits are those of all of Albany County.

Your numbers

Local data
$

Starts at the typical home value in Latham. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $11,442 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,850

at 7.18% · 30 years

Loan amount
$320,979
Total interest
$461,813
Paid off in
November 2056

Includes $5,521 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,448 a month

  • Tight

    $2,448 to $3,147 a month

    Your payment · 33%

  • Hard

    more than $3,147 a month

Compared with the typical household income in Latham ($104,899 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,850
Principal & interest$2,174
Property tax$395
Home insurance$136
FHA mortgage insurance (MIP)$145

You need at least $11,442 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Latham and Albany County

Latham is in Albany County, New York. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Latham's own numbers

Typical home value
$326,900
Typical monthly rent
$1,472
Typical yearly household income
$104,899
Households that own their home
62%
Effective property tax rate
1.45%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Albany County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,711
Price change over 5 years (FHFA)
+51%
Homes in a high flood-risk zone
1.2%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Albany County.

Everything about Albany County

Buying

Buying a home in Latham

A typical home in Latham is worth $326,900: 11% above the county and 23% below New York. With the typical household income in Latham ($104,899 a year), a typical home costs 3.1 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Latham 3.1 years
  • Albany 3.5 years
  • New York 4.9 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Albany County

According to FHFA’s house price index, home prices in Albany County rose 71% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Albany County.

Period County New York U.S.
Last year (2025) +5.0% +6.0% +2.9%
5 years (2020–2025) +51% +52% +47%
10 years (2015–2025) +71% +86% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Latham next to Albany County, New York and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Latham $326,900
  • Albany $294,600
  • New York $423,800
  • United States $332,700
Typical monthly rent
  • Latham $1,472
  • Albany $1,313
  • New York $1,621
  • United States $1,413
Typical yearly household income
  • Latham $104,899
  • Albany $85,333
  • New York $85,974
  • United States $80,734
See the full table
Latham next to Albany County and New York
Measure Latham Albany County New York U.S.
Typical home value $326,900 $294,600 $423,800 $332,700
Typical monthly rent $1,472 $1,313 $1,621 $1,413
Typical yearly household income $104,899 $85,333 $85,974 $80,734
Households that own their home 62% 57% 54% 65%
Typical yearly property tax $4,742 $5,200 $6,582 $3,119
Effective property tax rate 1.45% 1.77% 1.55% 0.94%
Renters with high rent for their income 37% 47% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Albany County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Latham

For a typical $326,900 home in Latham, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Latham's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,850a month

    Least cash to close
    Down payment
    $11,442
    Cash to close
    $21,249
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $145

  • Conventional, 5% down $2,790a month

    Down payment
    $16,345
    Cash to close
    $26,152
    Rate
    7.18%
    Mortgage insurance
    PMI · $155

  • Conventional, 20% down, no PMI $2,303a month

    Down payment
    $65,380
    Cash to close
    $75,187
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,605a month

    Down payment
    $49,035
    Cash to close
    $58,842
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Latham and for Albany County.

Property tax

Effective rate in Latham

1.45%of the home’s value each year

$4,742 a year for the typical owner in Latham.

  • Latham 1.45%
  • Albany 1.77%
  • New York 1.55%

What New York publishes Basic STAR school tax relief (New York State Department of Taxation and Finance)

Exemptions and deadlines in New York

Flood risk in Albany County

FEMA does not publish these numbers by city: they are for all of Albany County.

Homes in the high-risk zone
1.2%
1,121
Of those, with NFIP insurance
34%
County New York U.S.
Homes in the high-risk zone 1.2% 2% 3.5%
Of those, with NFIP insurance 34% 76% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Latham

Typical rent in Latham is $1,472 a month: 12% above the county. In Latham, 37% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Albany County, by unit size. To pay the 2-bedroom one ($1,711 a month) without spending more than 30% of your income, you would need to earn $32.90 an hour working full time.

HUD fair market rent for all of Albany County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,238 $23.81 $49,520
1 bedroom $1,425 $27.40 $57,000
2 bedrooms $1,711 $32.90 $68,440
3 bedrooms $2,039 $39.21 $81,560
4 bedrooms $2,249 $43.25 $89,960

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Latham

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Latham has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,540 in 12189 to $1,970 in 12110.

1 of the 2 is above the fair market rent for Albany County ($1,711).

  • 12110 $1,970$2,350
  • 12189 $1,540$1,840

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Latham when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Latham

HUD lists one building with rents for lower incomes in Latham.

  • Ashfield 331 Old Loudon Rd, Latham 12110 96 low-income homes · 1 bd: 117 · 2 bd: 4

See all 70 buildings in Albany County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Latham

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 2 HUD-approved agencies with an office in Albany County; 1 says it serves in Spanish.

Two women and a girl laugh together at the bus stop.

HUD counseling is free or low-cost

Assistance programs in Latham

No down payment, repair or rent-help program on our list is for Latham or Albany County. The ones below are statewide in New York: they work in Latham the same as in the rest of the state.

Which programs do I qualify for? All programs in New York

Housing counselors near Latham

The HUD-approved agencies closest to the center of Latham, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Troy Rehabilitation and Improvement Program

    415 River St Ste 2, Troy · 3 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (518) 690-0020

  • Affordable Housing Partnership

    255 Orange St Ste 105, Albany · 6 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (518) 434-1730

  • BETTER COMMUNITY NEIGHBORHOODS, INC. (formerly Better Neighborhoods, Inc.)

    816 Union St, Schenectady · 10 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 4 more
    (518) 372-7616

Every agency in Albany County All counseling agencies in New York

Help in Spanish near Latham

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Latham

In HUD’s record, no housing authority with an office in Albany County is named for Latham or Albany County.

3 other authorities have an office in Albany County: see the list Source: HUD

Cities

Other cities in Albany County

These cities are also in Albany County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Albany County Housing in New York

Nearby cities

The cities closest to Latham, with the typical home value.

Neighboring counties

If Albany County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Latham.

All guides
Three generations of a family gather on the porch of their home.

Questions

Housing questions about Latham

Short answers with the numbers for Latham and all of Albany County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Latham?

The typical home value in Latham is $326,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Albany County it is $294,600.

How much does it cost to rent in Latham?

Typical rent in Latham is $1,472 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Albany County is $1,711.

What is the FHA loan limit in Latham?

Latham uses the FHA limit for all of Albany County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Latham?

The typical homeowner in Latham pays $4,742 a year, according to the U.S. Census Bureau. That is 1.45% of the home’s value; in Albany County, the rate is 1.77%.

Where can I find free help to buy or rent in Latham?

There are 2 HUD-approved counseling agencies with an office in Albany County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).