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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 $400,999, lower than the Oregon average of $502,078.
The average cost of rent is $1,597/mo in Albany, primarily driven by the current value of real estate in the Albany area. In Albany, 38.81% of households rent, and 35.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Albany is $7,253 per month. Households that rent pay about 22.02% of their income on rent here. Albany’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Millersburg, OR: higher priced homes
- Tangent, OR: less expensive homes
- Dever, OR: higher priced homes
- Palestine, OR: higher priced homes
- Orleans, OR: less expensive homes
- Adair Village, OR: higher priced homes
- Lewisburg, OR: higher priced homes
- Spicer, OR: higher priced homes
- Jefferson, OR: higher priced homes
- Talbot, OR: higher priced homes
Cities with Similar Populations
- Wellington, FL: higher priced homes
- Orland Park, IL: equally priced homes
- San Clemente, CA: higher priced homes
- Rowlett, TX: equally priced homes
- Moore, OK: less expensive homes
- Pico Rivera, CA: higher priced homes
- Pottstown, PA: less expensive homes
- Kannapolis, NC: less expensive homes
- Cartersville, GA: less expensive homes
- Rocky Mount, NC: less expensive homes
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