What is the Best Neighborhoods USA ranking for Second Avenue?
Second Avenue is ranked #20 of 26 eligible neighborhoods in Albany; #322 of 418 eligible neighborhoods in NY; and #11,088 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Second Avenue
Albany, NY | Albany County
Scored premium profile
Best Neighborhoods USA Index
39.8
Stability and Strength
28.9
Value Opportunity
54.0
Momentum
37.3
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Albany, NY |
| County | Albany County |
| National rank | #11,088 of 14,967 |
| State rank | #322 of 418 |
| City rank | #20 of 26 |
| County rank | #20 of 26 |
| National percentile | 25.9 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $186,773 |
| Year-over-year home value change | -1.8% |
| Month-over-month home value change | 0.23% |
| Home value to income ratio | 2.31 |
| Median household income | $80,987 |
| Bachelor's degree or higher | 19.3% |
| Civilian unemployment rate | 37.7% |
| Homeownership rate | 29.5% |
| Housing vacancy rate | 14.4% |
| Rent burden 30% or higher | 37.9% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Second Avenue
Is Second Avenue one of the best neighborhoods in Albany?
Second Avenue has a Best Neighborhoods USA Index of 39.8 and a city ranking of #20 of 26 eligible neighborhoods in Albany.
How much are homes worth in Second Avenue?
The current Zillow Home Value Index for Second Avenue is approximately $186,773.
Are home values rising or falling in Second Avenue?
Zillow neighborhood values changed -1.8% year over year and 0.23% month over month.
What is the Neighborhood Momentum Score for Second Avenue?
Second Avenue has a Neighborhood Momentum Score of 37.3. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Second Avenue?
The NDS-derived neighborhood median household income is approximately $80,987.
How affordable is Second Avenue relative to household income?
The current Zillow home-value-to-household-income ratio is 2.31. Price-to-income affordability is a major Value Opportunity input.
Is Second Avenue primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 29.5%.
What is the unemployment rate in Second Avenue?
The NDS-derived civilian unemployment rate is approximately 37.7%.
How educated are residents of Second Avenue?
Approximately 19.3% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Second Avenue face high rent burden?
Approximately 37.9% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Second Avenue?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications12
Estimated originations6
Home-purchase applications6
Origination rate51.4%
Home-purchase share54.1%
Average application loan$140,676
Total application loan amount$1,624,589
National application rank#12,186 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -9.0% YoY; originations -12.3% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.