Albany, NY Real Estate Market
Median sale price
Albany, NY, the capital of the state, is surrounded by rich history and bountiful in entertainment. One of the oldest surviving settlements of the British thirteen colonies, and the longest continuously chartered city in the United States.
Dutch colonists first arrived in 1614 and built Fort Nassau primarily for fur trading, which was then replaced by Fort Orange. In 1164, the English claimed the Dutch settlement and renamed the city “Albany” after the Duke of Albany. After the Revolutionary War, Albany was named the capital of New York.
Present-day Albany is a vibrant cultural hotspot. Due to its proximity to Montreal, New York City, Boston, and Buffalo, touring artists and acts often appear in Albany. Music, theater, and other performances are abundant in the city throughout the year. Albany has an active nightlife, ranging from upscale restaurants to clubs. The Tulip Festival honors the city’s Dutch heritage and celebrates the blooming of thousands of tulips, drawing a large crowd. Many museums and historical sites, throughout the city offer a glimpse into the past.
Albany holds many well-known businesses, such as American Express, General Electric, Key Bank, and Verizon, to name a few. The city is also known as “TechValley” due to the concentration of academic institutions and businesses in the area that focus on the technology sector. The City School District of Albany services the city, State University of New York – Albany and Albany Law School, are among the many higher education providers.