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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 $173,500, lower than the Oklahoma average of $210,566.
The average cost of rent is $1,108/mo in Albany, primarily driven by the current value of real estate in the Albany area. In Albany, 26.99% of households rent, and 50.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Albany is $4,231 per month. Households that rent pay about 26.19% of their income on rent here. Albany’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wade, OK: equally priced homes
- Utica, OK: equally priced homes
- Yuba, OK: equally priced homes
- Tulip, TX: higher priced homes
- Smith-Lee, OK: less expensive homes
- Roberta, OK: higher priced homes
- Ivanhoe, TX: higher priced homes
- Yarnaby, OK: equally priced homes
- Telephone, TX: higher priced homes
- Hendrix, OK: equally priced homes
Cities with Similar Populations
- Chambless, CA: equally priced homes
- Hickman, AR: higher priced homes
- Casa Piedra, TX: higher priced homes
- Huron Mountain, MI: equally priced homes
- Esperanza, TX: less expensive homes
- Dale, OR: higher priced homes
- Grisdale, WA: higher priced homes
- Unionville, ME: less expensive homes
- Bray, CA: higher priced homes
- Oxbow, ME: equally priced homes
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