Advantages:
- Real estate prices in Cohoes are generally lower than the statewide median. As of 2021, the median home value in Cohoes is around $160,000, compared to a statewide median of over $330,000. This can make homeownership more affordable for those on a tighter budget.
- Cohoes is relatively close to both Albany and Troy, which can provide access to more employment and entertainment opportunities.
- Cohoes has a lot of historic charm, with many buildings dating back to the 19th century. For those who value historic architecture, this can be a significant advantage.

Disadvantages:
- Like many towns north of Albany, Cohoes can experience harsh winters. Homeowners will need to be prepared for snow removal and other cold-weather maintenance tasks.
- Although Cohoes has seen some positive growth in recent years, it is still a relatively small town with a somewhat limited job market. Some residents may need to commute to nearby Albany or other cities for work.
- As with many older cities in the Northeast, some homes in Cohoes may require significant renovations or updates. Homebuyers should be prepared to budget for these expenses if necessary.