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These days, finding an affordable place to live in the Albany area can be challenging. Home prices in Albany are now at a median cost of $1,194,007, higher than the California average of $812,006.
The average cost of rent is $2,608/mo in Albany, primarily driven by the current value of real estate in the Albany area. In Albany, 46.02% of households rent, and 36.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Albany is $12,902 per month. Households that rent pay about 20.21% of their income on rent here. Albany’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- El Cerrito, CA: less expensive homes
- Berkeley, CA: higher priced homes
- Emeryville, CA: less expensive homes
- Richmond, CA: less expensive homes
- Orinda Village, CA: higher priced homes
- El Sobrante, CA: less expensive homes
- Piedmont, CA: higher priced homes
- North Richmond, CA: less expensive homes
- San Pablo, CA: less expensive homes
- Orinda, CA: higher priced homes
Cities with Similar Populations
- Coronado, CA: higher priced homes
- Kennett Square, PA: less expensive homes
- Horizon City, TX: less expensive homes
- Nogales, AZ: less expensive homes
- River Falls, WI: less expensive homes
- Salem, OH: less expensive homes
- Socastee, SC: less expensive homes
- Anacortes, WA: less expensive homes
- Carrboro, NC: less expensive homes
- Youngsville, NC: less expensive homes
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