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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 $191,216, lower than the Texas average of $322,096.
The average cost of rent is $694/mo in Albany, primarily driven by the current value of real estate in the Albany area. In Albany, 22.09% of households rent, and 62.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Albany is $5,778 per month. Households that rent pay about 12.01% of their income on rent here. Albany’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Eolian, TX: equally priced homes
- Lueders, TX: less expensive homes
- South Hanlon, TX: less expensive homes
- Crystal Falls, TX: less expensive homes
- Breckenridge, TX: less expensive homes
- Harpersville, TX: higher priced homes
- Nugent, TX: less expensive homes
- Necessity, TX: higher priced homes
- Funston, TX: equally priced homes
- Truby, TX: less expensive homes
Cities with Similar Populations
- Toadvine, AL: less expensive homes
- Santa Rosa, NM: less expensive homes
- Coffeeville, MS: less expensive homes
- Winton, NC: less expensive homes
- Van Buren, ME: less expensive homes
- Sattler, TX: higher priced homes
- McBean, GA: less expensive homes
- Dawson, MN: equally priced homes
- Cowan, TN: higher priced homes
- Beech Creek, PA: equally priced homes
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