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 $284,907, lower than the Oregon average of $365,363.
The average cost of rent is $1,243/mo in Albany, primarily driven by the current value of real estate in the Albany area. While nearly 33.06% of residents own their homes outright in Albany, 35.76% rent.
Housing affordability isn’t just about home prices, though. The average household income in Albany is $6,142 per month. Households that rent pay about 20.23% of their income on rent here. Albany's most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Millersburg, OR: higher priced homes
- Tangent, OR: equally priced homes
- Dever, OR: higher priced homes
- Palestine, OR: higher priced homes
- Orleans, OR: equally priced 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: higher priced homes
- San Clemente, CA: higher priced homes
- Rowlett, TX: less expensive 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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