What percentage of people rent in the Town of Colonie, NY?

31.0% (±1.9 points) of the occupied homes in the Town of Colonie, NY are rented (2020–2024 American Community Survey).

That is 10,763 renting households against 23,971 that own their home.

In the Town of Colonie, the share of households that rent went from 31.4% in 2015–2019 to 31.0% in 2020–2024 (−0.4 percentage points), not a measurable change.

Figures last updated on .

Households that rent
31.0% (±1.9 points)
Renting households
10,763 (±753)
Median renter income
$73,482 (±$6,618)

Who rents and who owns in the Town of Colonie

Tenure, estimate (90% margin of error)
Town of ColonieAlbany CountyNew YorkUnited States
Renter-occupied share31.0% (±1.9 points)43.4% (±1.0 points)45.7% (±0.2 points)34.8%
Renting households10,763 (±753)58,490 (±1,579)3,525,661 (±12,362)45,017,354
Owning households23,971 (±759)76,213 (±1,351)4,196,985 (±19,607)84,210,142
Average renter household size1.9 (±0.1)1.9 (±0.0)2.3 (±0.0)2.3
Average owner household size2.6 (±0.1)2.5 (±0.0)2.7 (±0.0)2.6
Median renter household income$73,482 (±$6,618)$54,733 (±$2,138)$57,803 (±$395)$52,966
Median owner household income$121,370 (±$4,434)$119,359 (±$3,022)$114,563 (±$568)$100,009

In the Town of Colonie, the renter share is lower than in Albany County (43.4%).

It is also lower than in New York (45.7%).

It is lower than the national figure (34.8%).

In Albany County, the Town of Colonie ranks 6 of 13 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 150 of 1,004.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in the Town of Colonie has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Households that rent31.4% (±1.5 points)31.0% (±1.9 points)−0.4 percentage pointsNot a measurable change
Median gross rent$1,152 (±$30)$1,436 (±$46)+24.7%No measurable change after inflation
Median household income$80,921 (±$2,196)$101,676 (±$4,340)+25.6%No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near the Town of Colonie

Nearest places with a published estimate, compared with the Town of Colonie
PlaceDistanceHouseholds that rentCompared with this place
Town of Colonie—31.0% (±1.9 points)—
Village of Colonie2.7 mi19.8% (±4.8 points)Lower
Watervliet4.2 mi65.3% (±5.1 points)Higher
Cohoes4.6 mi60.5% (±3.8 points)Higher
Village of Menands4.6 mi68.7% (±7.0 points)Higher
Town of Green Island4.8 mi75.7% (±8.8 points)Higher
Village of Green Island4.8 mi75.7% (±8.8 points)Higher
Albany5.2 mi61.8% (±2.0 points)Higher
Troy5.7 mi62.6% (±2.3 points)Higher

Nearby places with a measurably lower figure: Village of Colonie, NY (19.8%).

Nearby places with a measurably higher figure: Watervliet, NY (65.3%), Cohoes, NY (60.5%), Village of Menands, NY (68.7%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Albany County, place by place

RankPlaceHouseholds that rent
1Town of Green Island75.7% (±8.8 points)
2Watervliet65.3% (±5.1 points)
3Albany61.8% (±2.0 points)
4Cohoes60.5% (±3.8 points)
5Town of Guilderland34.7% (±2.7 points)
6Town of Colonie31.0% (±1.9 points)
7Town of Bethlehem27.0% (±2.9 points)
8Town of Coeymans20.0% (±5.2 points)
9Town of New Scotland15.9% (±4.5 points)
10Town of Westerlo14.2% (±7.6 points)
11Town of Rensselaerville10.1% (±7.6 points)
12Town of Knox8.2% (±4.6 points)

Showing 12 of 13 places in Albany County, ranked from highest to lowest.

A New York town includes the villages and hamlets inside it, so the figures for the Town of Colonie include them.

The figures for the Town of Colonie include the places inside it that have pages of their own: Latham, Loudonville, Roessleville, Siena College.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Town of Colonie

How many renters are there in the Town of Colonie?

The Town of Colonie has an estimated 10,763 (±753) renting households, 31.0% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in the Town of Colonie?

In the Town of Colonie, the share of households that rent went from 31.4% in 2015–2019 to 31.0% in 2020–2024 (−0.4 percentage points), not a measurable change.

How big are renting households in the Town of Colonie?

A renting household in the Town of Colonie has 1.9 people on average, against 2.6 in an owned home.

How much do renters earn in the Town of Colonie?

The median renting household in the Town of Colonie, NY has an income of $73,482 (±$6,618) a year, against $121,370 for households that own their home.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Colonie town, Albany County, New York (county subdivision:17343, in state:36 county:001).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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