In Westmere, a typical home is worth $313,400 and typical rent is $1,629 a month. Compared with all of Albany County, typical rent is 24% higher and the typical home value is 6% higher.
Westmere 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
Nearby, in Albany, the typical rent is $1,216: 25% less than in Westmere ($1,629).
2
Nearby, in Albany, the typical home value is $234,700: 25% less than in Westmere ($313,400).
3
The typical rent in Westmere is $1,629 a month, 24% more than in Albany County as a whole ($1,313).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Westmere
What homes there are in Westmere, 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
Westmere
Albany County
New York
United States
Kind of home: Westmere and its comparisons
Measure
Westmere
Albany County
New York
United States
Detached house
49%
50%
41%
61%
Attached house
Unreliable estimate
5%
6%
6%
Building of 2 to 4
10%
24%
17%
8%
Apartments (5 or more)
Unreliable estimate
21%
35%
19%
Mobile home
Unreliable estimate
1%
2%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Westmere there is a bit of everything: no kind of home reaches half. The most common are detached houses (49%), as in Albany County.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Westmere
Albany County
New York
United States
Year built: Westmere and its comparisons
Measure
Westmere
Albany County
New York
United States
Before 1960
28%
46%
52%
26%
1960–1979
37%
23%
22%
24%
1980–1999
28%
18%
14%
25%
2000–2009
Unreliable estimate
6%
6%
14%
2010 or later
Unreliable estimate
8%
6%
11%
The typical home in Westmere was built in 1973, 9 years after the typical one in Albany County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200KUnreliable
$200K–$300K42%
$300K–$500K46%
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Westmere and its comparisons
Measure
Westmere
Under $100K
Unreliable
$100K–$200K
Unreliable estimate
$200K–$300K
42%
$300K–$500K
46%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,49938%
$1,500–$1,99939%
$2,000–$2,49919%
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Westmere and its comparisons
Measure
Westmere
Under $500
Unreliable estimate
$500–$999
Unreliable estimate
$1,000–$1,499
38%
$1,500–$1,999
39%
$2,000–$2,499
19%
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable estimate
With a mortgage
$2,260 a month
Albany County: $1,998 a month
Without a mortgage
$832 a month
Albany County: $765 a month
Owners with a mortgage
64%
Albany County: 60%
The typical cost for an owner with a mortgage in Westmere is $2,260 a month, more than in Albany County ($1,998); without one, $832.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Westmere+35%
Albany County+32%
New York+35%
United States+53%
Typical rent
Westmere+29%
Albany County+29%
New York+27%
United States+33%
Typical household income
Westmere+29%
Albany County+29%
New York+26%
United States+29%
Change since 2015–2019: Westmere and its comparisons
Measure
Westmere
Albany County
New York
United States
Typical home value
+35%
+32%
+35%
+53%
Typical rent
+29%
+29%
+27%
+33%
Typical household income
+29%
+29%
+26%
+29%
Much as in Albany County, the typical home value in Westmere rose 35% since 2015–2019.
The typical rent in Westmere rose 29% since 2015–2019, about the same as in Albany County (29%).
While home values in Westmere changed +35% and rent +29%, the typical household income rose 29%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Westmere and its comparisons
Measure
Westmere
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
2.34
2.21
2.49
2.53
Drive alone
75%
67%
49%
69%
Carpool
8%
8%
6%
9%
Public transit
Unreliable estimate
4%
22%
3%
Walk or bike
Unreliable estimate
4%
6%
3%
Work from home
10%
15%
15%
15%
Other means
Unreliable estimate
1%
2%
2%
Typical commute
Unreliable estimate
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
More people live in each home here: 2.34 on average, against 2.21 in Albany County.
In Westmere, 75% of workers drive alone to work; in Albany County, 67%.
Do the math
What would you pay each month for a home in Westmere?
A typical home costs more than the typical income allows
We start with a typical home in Westmere, worth $313,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 39% of the typical household income in Westmere, which is $88,378 a year. For that payment to be 28% of income, a household would need to earn about $122,928 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 Westmere. 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 $10,969 (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
$2,868
at 7.18% · 30 years
Loan amount
$307,724
Total interest
$442,742
Paid off in
November 2056
Includes $5,293 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,062 a month
Tight
$2,062 to $2,651 a month
Hard
more than $2,651 a month
Your payment · 39%
Compared with the typical household income in Westmere ($88,378 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,085
Property tax
$515
Home insurance
$131
FHA mortgage insurance (MIP)
$139
You need at least $10,969 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 $2,868; principal and interest $2,085.
The city and its county
Westmere and Albany County
Westmere 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).
Westmere
Map of Albany County, New York, with Westmere marked. Around it, the neighboring counties.
Westmere
Albany County
Other cities with a page
Westmere's own numbers
Typical home value
$313,400
Typical monthly rent
$1,629
Typical yearly household income
$88,378
Households that own their home
52%
Effective property tax rate
1.97%
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 Westmere is worth $313,400: 6% above the county and 26% below New York. With the typical household income in Westmere ($88,378 a year), a typical home costs 3.5 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.
Westmere3.5 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
Westmere 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
Westmere$313,400
Albany$294,600
New York$423,800
United States$332,700
Typical monthly rent
Westmere$1,629
Albany$1,313
New York$1,621
United States$1,413
Typical yearly household income
Westmere$88,378
Albany$85,333
New York$85,974
United States$80,734
See the full table
Westmere next to Albany County and New York
Measure
Westmere
Albany County
New York
U.S.
Typical home value
$313,400 ▲6% above the county
$294,600
$423,800
$332,700
Typical monthly rent
$1,629 ▲24% above the county
$1,313
$1,621
$1,413
Typical yearly household income
$88,378 ▲4% above the county
$85,333
$85,974
$80,734
Households that own their home
52% ▼4 points below the county
57%
54%
65%
Typical yearly property tax
$6,180 ▲19% above the county
$5,200
$6,582
$3,119
Effective property tax rate
1.97% ▲0.2 points above the county
1.77%
1.55%
0.94%
Renters with high rent for their income
42% ▼5 points below 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 Westmere
For a typical $313,400 home in Westmere, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Westmere's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,868a month
Least cash to close
Down payment
$10,969
Cash to close
$20,371
Rate
7.18%
Mortgage insurance
FHA MIP · $139
Conventional, 5% down$2,811a month
Down payment
$15,670
Cash to close
$25,072
Rate
7.18%
Mortgage insurance
PMI · $149
Conventional, 20% down, no PMI$2,344a month
Down payment
$62,680
Cash to close
$72,082
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,633a month
Down payment
$47,010
Cash to close
$56,412
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Westmere
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,868
$10,969
$307,724
7.18%
FHA MIP · $139
$20,371
580
Conventional, 5% down
$2,811
$15,670
$297,730
7.18%
PMI · $149
$25,072
620*
Conventional, 20% down, no PMI
$2,344
$62,680
$250,720
7.18%
None
$72,082
620*
ITIN, 15% down (example)
$2,633
$47,010
$266,390
8.18%
None
$56,412
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 Westmere is $1,629 a month: 24% above the county. In Westmere, 42% 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 Westmere
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Westmere is in ZIP code 12203.
For 2 bedrooms it is $1,890: $179 more than the fair market rent for Albany County ($1,711).
Fair market rent by ZIP code and size in Westmere, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
12203
$1,370
$1,570
$1,890
$2,250
$2,480
ZIP code2 bd3 bd
12203 $1,890$2,250
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Westmere 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)
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 Westmere or Albany County. The ones below are statewide in New York: they work in Westmere 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 Westmere 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 Westmere 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 Westmere?
The typical home value in Westmere is $313,400, 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 Westmere?
Typical rent in Westmere is $1,629 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 Westmere?
Westmere 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 Westmere?
The typical homeowner in Westmere pays $6,180 a year, according to the U.S. Census Bureau. That is 1.97% of the home’s value; in Albany County, the rate is 1.77%.
Where can I find free help to buy or rent in Westmere?
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.
