Schenectady, NY, also known as Electric City, is the home of General Electric, though the corporation giant moved its manufacturing elsewhere years ago. The city is also just a little under 20 miles outside of Albany, NY. Residents often enjoy entertainment in Albany and return home to older, quieter residential areas and lower rents in Schenectady. There are a number of parks and colleges here, making it a popular place for young people and families.
Check out 300 Schenectady, NY rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Housing Statistics The housing market here fairs well in comparison to the rest of the state. Median rent rate is $772, while median house price is $110,300. Only 7 new homes were built in 2012, and another 7 in 2011. Due to a large college population, the area has one of the highest rental rates in the state at 55 percent of the population, or roughly 14,578 people. Renters typically stay in the same location for at least 4 years.
Nightlife Schenectady has a great spread of affordable restaurants, pubs and entertainment establishments catering to an older crowd. The presence of Union College and proximity to Albany's many educational institutions means that it has plenty of happening nightspots as well. Manhattan Exchange Restaurant, Pinhead Susan's and BL's Tavern are local favorites for relaxing at the end of a long day in a laid-back, friendly atmosphere. For live music, dancing and plenty of young people to run into, you'll want to head to Union Inn, TenTen Lounge, Clinton's Ditch or Rupis Tavern.
Outdoor Activities The Schenectady area is home to both the Mohawk River and Mohawk Towpath Scenic Byway. They provide a wealth of opportunities for biking, hiking, boating, fishing and other outdoor fare. For the less adventurous, Union College is home to Jackson's Garden, which has 8 acres of garden spaces, ranging from wildflowers to sculptured topiaries. Historic tours of the Stockade neighborhood are popular throughout the year, while golf and wintertime sports alternate in popularity depending on the season.
Neighborhoods Downtown has many cool shops, restaurants and entertainment venues but the area is slightly rundown, and may not be a safe place to be on your own at night. It's not ideal for finding a rental house or apartment, and while shopkeepers have tried to improve the area especially in the last few years, efforts have not materialized into anything substantial.
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