Home Price Key
Affordable
Average
Expensive
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 $126,803, lower than the Georgia average of $231,203.
The average cost of rent is $865/mo in Albany, primarily driven by the current value of real estate in the Albany area. While nearly 44.02% of residents own their homes outright in Albany, 50.90% rent.
Housing affordability isn’t just about home prices, though. The average household income in Albany is $4,072 per month. Households that rent pay about 21.24% of their income on rent here. Albany's most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Radium Springs, GA: less expensive homes
- Leesburg, GA: higher priced homes
- Stocks, GA: higher priced homes
- Oakland, GA: higher priced homes
- Putney, GA: less expensive homes
- Bridgeboro, GA: less expensive homes
- Red Rock, GA: less expensive homes
- Parkerville, GA: less expensive homes
- Herod, GA: equally priced homes
- Sylvester, GA: less expensive homes
Cities with Similar Populations
- Washington, DC: higher priced homes
- Troy, MI: higher priced homes
- Virginia Beach, VA: higher priced homes
- St. Louis, MO: higher priced homes
- St. Cloud, FL: higher priced homes
- Staten Island, NY: higher priced homes
- San Francisco, CA: higher priced homes
- San Diego, CA: higher priced homes
- Fredericksburg, VA: higher priced homes
- Chesapeake, VA: higher priced homes
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