Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Albion area can be challenging. Home prices in Albion are now at a median cost of $119,746, lower than the Iowa average of $182,666.
The average cost of rent is $872/mo in Albion, primarily driven by the current value of real estate in the Albion area. While nearly 58.34% of residents own their homes outright in Albion, 12.69% rent.
Housing affordability isn’t just about home prices, though. The average household income in Albion is $4,835 per month. Households that rent pay about 18.03% of their income on rent here. Albion's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Marietta, IA: equally priced homes
- Liscomb, IA: equally priced homes
- Minerva, IA: equally priced homes
- Dunbar, IA: higher priced homes
- Marshalltown, IA: equally priced homes
- LaMoille, IA: higher priced homes
- Green Mountain, IA: higher priced homes
- Conrad, IA: equally priced homes
- Clemons, IA: equally priced homes
- Union, IA: less expensive homes
Cities with Similar Populations
- Esperanza, PR: higher priced homes
- Westfir, OR: higher priced homes
- Rockland, TX: less expensive homes
- Nazareth, TX: higher priced homes
- Keene, ND: higher priced homes
- James Creek, PA: higher priced homes
- Ponsford, MN: higher priced homes
- Devers, TX: higher priced homes
- Stanton, KS: higher priced homes
- Long Lake, NY: higher priced homes
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