In Watervliet, a typical home is worth $179,700 and typical rent is $1,083 a month. Compared with all of Albany County, the typical home value is 39% lower, typical household income is 32% lower, and the share of households that own their home is 22 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $243,189 to $319,865.
Typical rent
$1,519a month
▲ 6.7% more than 12 months ago
Typical rent from Zillow, March 2024 to September 2026: from $1,328 to $1,519.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Watervliet 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
What this place has that others do not, from public data, most unusual first.
1
35% of households in Watervliet own their home, against 57% in Albany County.
2
The typical home in Watervliet is worth $179,700,39% less than in Albany County as a whole ($294,600).
3
The typical household income in Watervliet is $57,919,32% less than in Albany County as a whole ($85,333).
4
The typical rent in Watervliet is $1,083 a month, 18% less than in Albany County as a whole ($1,313).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Watervliet
What homes there are in Watervliet, 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 houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Watervliet
Albany County
New York
United States
Kind of home: Watervliet and its comparisons
Measure
Watervliet
Albany County
New York
United States
Detached house
26%
50%
41%
61%
Attached house
Unreliable estimate
5%
6%
6%
Building of 2 to 4
55%
24%
17%
8%
Apartments (5 or more)
18%
21%
35%
19%
Mobile home
Unreliable estimate
1%
2%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
No kind of home is the majority in Watervliet; the largest group, buildings of 2 to 4 homes, adds up to 55%, against 24% in Albany County.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Watervliet
Albany County
New York
United States
Year built: Watervliet and its comparisons
Measure
Watervliet
Albany County
New York
United States
Before 1960
73%
46%
52%
26%
1960–1979
19%
23%
22%
24%
1980–1999
Unreliable estimate
18%
14%
25%
2000–2009
Unreliable estimate
6%
6%
14%
2010 or later
Unreliable estimate
8%
6%
11%
Old homes abound here: at least half date from before 1940, and 73% were built before 1960.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K52%
$200K–$300K23%
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Watervliet and its comparisons
Measure
Watervliet
Under $100K
Unreliable estimate
$100K–$200K
52%
$200K–$300K
23%
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $50010%
$500–$99930%
$1,000–$1,49944%
$1,500–$1,99915%
HUD fair market rent, 2 bedrooms: $1,711
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Watervliet and its comparisons
Measure
Watervliet
Under $500
10%
$500–$999
30%
$1,000–$1,499
44%
$1,500–$1,999
15%
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable
HUD's 2-bedroom fair market rent (FMR) for Albany County is $1,711; about 90% of rents in Watervliet are below it.
With a mortgage
$1,620 a month
Albany County: $1,998 a month
Without a mortgage
$562 a month
Albany County: $765 a month
Owners with a mortgage
63%
Albany County: 60%
Owning costs less in Watervliet: with a mortgage, the typical cost is $1,620 a month; in Albany County, $1,998. Without one, $562.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Watervliet+24%
Albany County+32%
New York+35%
United States+53%
Typical rent
Watervliet+23%
Albany County+29%
New York+27%
United States+33%
Typical household income
Watervliet+32%
Albany County+29%
New York+26%
United States+29%
Change since 2015–2019: Watervliet and its comparisons
Measure
Watervliet
Albany County
New York
United States
Typical home value
+24%
+32%
+35%
+53%
Typical rent
+23%
+29%
+27%
+33%
Typical household income
+32%
+29%
+26%
+29%
From 2015–2019 to 2020–2024, the typical home value in Watervliet rose 24%; in Albany County, it rose 32%.
Since 2015–2019, the typical rent in Watervliet rose 23%, less than in Albany County (29%).
The typical household income in Watervliet rose 32%: more than home values (+24%) and rent (+23%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Watervliet and its comparisons
Measure
Watervliet
Albany County
New York
United States
Rental vacancy
Unreliable estimate
3.3%
3.8%
5.5%
Homeowner vacancy
Unreliable estimate
0.9%
1.1%
0.9%
More than one person per room
Unreliable estimate
1.7%
5.3%
3.4%
People per household
2.01
2.21
2.49
2.53
Drive alone
69%
67%
49%
69%
Carpool
8%
8%
6%
9%
Public transit
Unreliable estimate
4%
22%
3%
Walk or bike
6%
4%
6%
3%
Work from home
11%
15%
15%
15%
Other means
Unreliable estimate
1%
2%
2%
Typical commute
Unreliable estimate
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
Households in Watervliet are smaller: 2.01 people on average; in Albany County, 2.21.
To get to work, 69% of workers in Watervliet drive alone; in Albany County, 67%.
Do the math
What would you pay each month for a home in Watervliet?
A typical home is tight for the typical income
We start with a typical home in Watervliet, worth $179,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 34% of the typical household income in Watervliet, which is $57,919 a year. For that payment to be 28% of income, a household would need to earn about $70,871 a year.
The calculator's FHA and conventional loan limits are those of all of Albany County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Watervliet. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $6,290 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,654
at 7.18% · 30 years
Loan amount
$176,445
Total interest
$253,862
Paid off in
November 2056
Includes $3,035 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,351 a month
Tight
$1,351 to $1,738 a month
Your payment · 34%
Hard
more than $1,738 a month
Compared with the typical household income in Watervliet ($57,919 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,195
Property tax
$304
Home insurance
$75
FHA mortgage insurance (MIP)
$79
You need at least $6,290 for the down payment, plus closing costs.
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.
Total monthly payment $1,654; principal and interest $1,195.
The city and its county
Watervliet and Albany County
Watervliet 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).
Watervliet
Map of Albany County, New York, with Watervliet marked. Around it, the neighboring counties.
Watervliet
Albany County
Other cities with a page
Watervliet's own numbers
Typical home value
$179,700
Typical monthly rent
$1,083
Typical yearly household income
$57,919
Households that own their home
35%
Effective property tax rate
2.03%
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.
A typical home in Watervliet is worth $179,700: 39% below the county and 58% below New York. With the typical household income in Watervliet ($57,919 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.
Watervliet3.1 years
Albany3.5 years
New York4.9 years
United States4.1 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.
Yearly change in FHFA’s price index in Albany County, 2016 to 2025
2016: +2.1% +2.1% 2016
2017: +3.2% +3.2% 2017
2018: +2.6% +2.6% 2018
2019: +2.5% +2.5% 2019
2020: +2.7% +2.7% 2020
2021: +9.1% +9.1% 2021
2022: +11.7% +11.7% 2022
2023: +8.9% +8.9% 2023
2024: +8.0% +8.0% 2024
2025: +5.0% +5.0% 2025
Change in FHFA’s price index in Albany County, New York and the United States
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
Watervliet 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
Watervliet$179,700
Albany$294,600
New York$423,800
United States$332,700
Typical monthly rent
Watervliet$1,083
Albany$1,313
New York$1,621
United States$1,413
Typical yearly household income
Watervliet$57,919
Albany$85,333
New York$85,974
United States$80,734
See the full table
Watervliet next to Albany County and New York
Measure
Watervliet
Albany County
New York
U.S.
Typical home value
$179,700 ▼39% below the county
$294,600
$423,800
$332,700
Typical monthly rent
$1,083 ▼18% below the county
$1,313
$1,621
$1,413
Typical yearly household income
$57,919 ▼32% below the county
$85,333
$85,974
$80,734
Households that own their home
35% ▼22 points below the county
57%
54%
65%
Typical yearly property tax
$3,656 ▼30% below the county
$5,200
$6,582
$3,119
Effective property tax rate
2.03% ▲0.26 points above the county
1.77%
1.55%
0.94%
Renters with high rent for their income
50% ▲3 points above the county
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 Watervliet
For a typical $179,700 home in Watervliet, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Watervliet's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,654a month
Least cash to close
Down payment
$6,290
Cash to close
$11,681
Rate
7.18%
Mortgage insurance
FHA MIP · $79
Conventional, 5% down$1,621a month
Down payment
$8,985
Cash to close
$14,376
Rate
7.18%
Mortgage insurance
PMI · $85
Conventional, 20% down, no PMI$1,353a month
Down payment
$35,940
Cash to close
$41,331
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,519a month
Down payment
$26,955
Cash to close
$32,346
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Watervliet
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,654
$6,290
$176,445
7.18%
FHA MIP · $79
$11,681
580
Conventional, 5% down
$1,621
$8,985
$170,715
7.18%
PMI · $85
$14,376
620*
Conventional, 20% down, no PMI
$1,353
$35,940
$143,760
7.18%
None
$41,331
620*
ITIN, 15% down (example)
$1,519
$26,955
$152,745
8.18%
None
$32,346
Set by the lender
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.
Typical rent in Watervliet is $1,083 a month: 18% below the county. In Watervliet, 50% 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.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Albany County (Fiscal year 2027)
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 Watervliet
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Watervliet is in ZIP code 12189.
For 2 bedrooms it is $1,540: $171 less than the fair market rent for Albany County ($1,711).
Fair market rent by ZIP code and size in Watervliet, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
12189
$1,100
$1,280
$1,540
$1,840
$2,030
ZIP code2 bd3 bd
12189 $1,540$1,840
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Watervliet 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 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 7 buildings with rents for lower incomes in Watervliet. These are the largest.
Day Apartments2100 Whitehall St, Watervliet 12189178 low-income homes · For families
Hanratta Apartments101 23rd St, Watervliet 12189129 low-income homes · For older adults
Van Rensselaer Village Redevelopment3 Early Dr, Watervliet 1218981 homes, 80 low-income · 1 bd: 28 · 2 bd: 33 · 3 bd: 15 · 4 bd: 4 · In service since 2011 · For families
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.
No down payment, repair or rent-help program on our list is for Watervliet or Albany County. The ones below are statewide in New York: they work in Watervliet the same as in the rest of the state.
SONYMA second loan with no interest, forgiven after ten years, for the down payment with a SONYMA mortgage in New York.Offered by State of New York Mortgage Agency (SONYMA).
SONYMA mortgage at a very low fixed rate for low-income first-time buyers in New York, with a minimal down payment.Offered by State of New York Mortgage Agency (SONYMA).
No legal help resource on our list is for Watervliet or Albany County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Watervliet 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 Watervliet?
The typical home value in Watervliet is $179,700, 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 Watervliet?
Typical rent in Watervliet is $1,083 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 Watervliet?
Watervliet 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 Watervliet?
The typical homeowner in Watervliet pays $3,656 a year, according to the U.S. Census Bureau. That is 2.03% of the home’s value; in Albany County, the rate is 1.77%.
Where can I find free help to buy or rent in Watervliet?
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.
