Rensselaer Falls, NY
Population 350 · New York
About Rensselaer Falls, NY
Rensselaer Falls is a small community located in New York with a population of 350 residents according to the latest US Census Bureau American Community Survey data. The median household income is $80,625 per year, which is 7% above the national median of $75,149. The median age of 34.4 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Rensselaer Falls features a median home value of $73,600, which is 70% below the national median of $244,900. This makes Rensselaer Falls one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $925, 20% below the national average of $1,163/month. Of the 130 total housing units, 84% are owner-occupied (109 units) and 16% are renter-occupied (21 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Rensselaer Falls shows an unemployment rate of 10.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 6.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Rensselaer Falls have an average one-way commute time of 31.4 minutes.
Education & Demographics
35.3% of Rensselaer Falls residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 2.0% White, 4.6% Hispanic or Latino, 0.0% Black or African American, and 1.1% Asian residents, with 1.4% of the population being foreign-born.
How Rensselaer Falls Ranks in New York
Cost of Living in Rensselaer Falls, NY
Compared to national averages, Rensselaer Falls has a median household income of $80,625 (7% above the national median of $75,149). Home values average $73,600, which is 70% below the national median. Monthly rent at $925 is 20% below the US average of $1,163. Within New York, Rensselaer Falls's income is 17% below the state average of $96,987, and home values are 81% below the state median of $387,181.
Why Live in Rensselaer Falls, NY?
Rensselaer Falls offers a strong local economy with a median household income of $80,625, well above the national average, and affordable housing with a median home value of $73,600, below the US average of $244,900, and rent that’s lower than the national average at $925/month. Additionally, the city features a well-educated community where 35.3% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.0%, better than the national average.
Rensselaer Falls has a population of 350 with a median age of 34.4 years. Compare Rensselaer Falls with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Rensselaer Falls
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Saddle Rock Estates | 351 | $159,479 | $1,572,900 | Compare |
| Dalton | 348 | $71,250 | $90,800 | Compare |
| Hartwick | 352 | $54,375 | $185,600 | Compare |
| Kiamesha Lake | 348 | $75,357 | $111,400 | Compare |
| Gorham | 345 | $85,893 | $214,100 | Compare |
| Pierrepont Manor | 355 | $83,260 | $77,000 | Compare |
| Constableville | 356 | $71,250 | $90,800 | Compare |
| Groveland Station | 343 | $77,039 | $138,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Rensselaer Falls With Other Cities
Frequently Asked Questions about Rensselaer Falls
What is the population of Rensselaer Falls, NY?
The population of Rensselaer Falls, NY is 350 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New York.
What is the median household income in Rensselaer Falls?
The median household income in Rensselaer Falls, NY is $80,625 per year, which is 7% above the national median of $75,149.
What is the median home value in Rensselaer Falls?
The median home value in Rensselaer Falls, NY is $73,600, which is 70% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Rensselaer Falls?
The median monthly rent in Rensselaer Falls, NY is $925, which is 20% below the national average of $1,163/month.
What is the unemployment rate in Rensselaer Falls?
The unemployment rate in Rensselaer Falls, NY is 10.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Rensselaer Falls, NY a good place to live?
Rensselaer Falls offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 350 and a median age of 34.4, the city appeals to young professionals and families.
How educated is Rensselaer Falls, NY?
35.3% of residents in Rensselaer Falls aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Rensselaer Falls?
Key cost-of-living indicators for Rensselaer Falls, NY: median home value is $73,600 (70% below national), median rent is $925/month, and median household income is $80,625. The home-value-to-income ratio is 0.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Rensselaer Falls?
The poverty rate in Rensselaer Falls, NY is 6.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Rensselaer Falls, NY?
Rensselaer Falls's population is 2.0% White, 4.6% Hispanic or Latino, 0.0% Black or African American, 1.1% Asian, and 0.0% two or more races. 1.4% of residents are foreign-born.