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 $108,917, lower than the Indiana average of $175,617.
The average cost of rent is $633/mo in Albany, primarily driven by the current value of real estate in the Albany area. While nearly 43.27% of residents own their homes outright in Albany, 19.59% rent.
Housing affordability isn’t just about home prices, though. The average household income in Albany is $4,510 per month. Households that rent pay about 14.04% of their income on rent here. Albany's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Granville, IN: equally priced homes
- DeSoto, IN: higher priced homes
- Redkey, IN: less expensive homes
- Eaton, IN: less expensive homes
- Dunkirk, IN: less expensive homes
- Royerton, IN: less expensive homes
- Pennville, IN: equally priced homes
- Woodland Park, IN: equally priced homes
- Parker City, IN: less expensive homes
- Powers, IN: equally priced homes
Cities with Similar Populations
- Newtown, OH: higher priced homes
- South Mills, NC: higher priced homes
- Buchanan, VA: higher priced homes
- Sautee Nacoochee, GA: higher priced homes
- Richmond, MN: higher priced homes
- Shannon, MS: equally priced homes
- Sneedville, TN: less expensive homes
- Brown City, MI: higher priced homes
- Yantis, TX: higher priced homes
- Weatherly, PA: higher priced homes
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