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
| Town of Colonie | Albany County | New York | United States | |
|---|---|---|---|---|
| Renter-occupied share | 31.0% (±1.9 points) | 43.4% (±1.0 points) | 45.7% (±0.2 points) | 34.8% |
| Renting households | 10,763 (±753) | 58,490 (±1,579) | 3,525,661 (±12,362) | 45,017,354 |
| Owning households | 23,971 (±759) | 76,213 (±1,351) | 4,196,985 (±19,607) | 84,210,142 |
| Average renter household size | 1.9 (±0.1) | 1.9 (±0.0) | 2.3 (±0.0) | 2.3 |
| Average owner household size | 2.6 (±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 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 31.4% (±1.5 points) | 31.0% (±1.9 points) | −0.4 percentage points | Not 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
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Town of Colonie | — | 31.0% (±1.9 points) | — |
| Village of Colonie | 2.7 mi | 19.8% (±4.8 points) | Lower |
| Watervliet | 4.2 mi | 65.3% (±5.1 points) | Higher |
| Cohoes | 4.6 mi | 60.5% (±3.8 points) | Higher |
| Village of Menands | 4.6 mi | 68.7% (±7.0 points) | Higher |
| Town of Green Island | 4.8 mi | 75.7% (±8.8 points) | Higher |
| Village of Green Island | 4.8 mi | 75.7% (±8.8 points) | Higher |
| Albany | 5.2 mi | 61.8% (±2.0 points) | Higher |
| Troy | 5.7 mi | 62.6% (±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
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Town of Green Island | 75.7% (±8.8 points) |
| 2 | Watervliet | 65.3% (±5.1 points) |
| 3 | Albany | 61.8% (±2.0 points) |
| 4 | Cohoes | 60.5% (±3.8 points) |
| 5 | Town of Guilderland | 34.7% (±2.7 points) |
| 6 | Town of Colonie | 31.0% (±1.9 points) |
| 7 | Town of Bethlehem | 27.0% (±2.9 points) |
| 8 | Town of Coeymans | 20.0% (±5.2 points) |
| 9 | Town of New Scotland | 15.9% (±4.5 points) |
| 10 | Town of Westerlo | 14.2% (±7.6 points) |
| 11 | Town of Rensselaerville | 10.1% (±7.6 points) |
| 12 | Town of Knox | 8.2% (±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
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Colonie town, Albany County, New York
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Colonie town, Albany County, New York
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Colonie town, Albany County, New York
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Colonie town, Albany County, New York
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Colonie town, Albany County, New York
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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.
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 .
Related
- Housing in the Town of Colonie at a glance
- Median rent in the Town of Colonie
- Rent by bedrooms in the Town of Colonie
- Rent burden in the Town of Colonie
- Income and affordability in the Town of Colonie
- Home values in the Town of Colonie
- Homeowner costs in the Town of Colonie
- Property taxes in the Town of Colonie
- Types of homes in the Town of Colonie
- Bedrooms in the Town of Colonie
- Age of homes in the Town of Colonie
- Vacancy rate in the Town of Colonie
- Heating fuel in the Town of Colonie
- Commute and cars in the Town of Colonie
- Crime reported to police in the Town of Colonie
- Population growth in the Town of Colonie
- How long people stay in the Town of Colonie
- Crowding and facilities in the Town of Colonie
- New York landlord and tenant rules
- Housing across Albany County
- New York places ranked by share of renters
- Housing data for every place in New York