Housing costs in Tech Valley are well below the national average and the typical cost of a house in the Northeast. This led MSN Money to rank Tech Valley as the seventh fastest-growing area that is still affordable.
Median Sales Price of Existing Single-Family Homes, May 2009
| Adirondack/NorthCountry |
| Clinton |
Essex |
Franklin |
| $131,750 |
$195,000 |
$95,000 |
| Hamilton |
Warren |
|
| N/A |
$182,600 |
|
| |
|
|
| Capital Region |
| Albany |
Rensselaer |
Sartaoga |
| $213,000 |
$169,250 |
$228,500 |
| Schenectady |
Schoharie |
Washington |
| $160,000 |
$148,500 |
$133,250 |
| |
|
|
| Hudson Valley |
| Columbia |
Dutchess |
Greene |
| $245,000 |
$278,000 |
$195,000 |
| Orange |
Ulster |
|
| $273,175 |
$219,250 |
|
| |
|
|
| Mohawk Valley |
| Fulton |
Herkimer |
Montgomery |
| $79,500 |
$80,000 |
$111,000 |
Sources: NYS Association of Realtors, National Association of Realtors
Government agencies and non-profit organizations called Community-Based Housing Organizations (CBHC) provide a range of services – including first-time home buying assistance – to low- and middle-income families, the elderly and persons with special needs.