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 $159,298, lower than the Indiana average of $175,617.
The average cost of rent is $741/mo in Albion, primarily driven by the current value of real estate in the Albion area. While nearly 37.47% of residents own their homes outright in Albion, 23.56% rent.
Housing affordability isn’t just about home prices, though. The average household income in Albion is $5,208 per month. Households that rent pay about 14.22% of their income on rent here. Albion's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Burr Oak, IN: higher priced homes
- Wolflake, IN: equally priced homes
- Brimfield, IN: equally priced homes
- Bakertown, IN: higher priced homes
- Kimmell, IN: equally priced homes
- Green Center, IN: higher priced homes
- Merriam, IN: higher priced homes
- Ormas, IN: equally priced homes
- Wawaka, IN: higher priced homes
- Lisbon, IN: equally priced homes
Cities with Similar Populations
- Tucumcari, NM: less expensive homes
- Bennett, CO: higher priced homes
- Manorhaven, NY: higher priced homes
- Manteo, NC: higher priced homes
- Lucerne Valley, CA: higher priced homes
- Hainesport, NJ: higher priced homes
- Olalla, WA: higher priced homes
- Hebron, CT: higher priced homes
- Bono, AR: less expensive homes
- San Diego, TX: less expensive homes
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