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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 $225,023, lower than the Nebraska average of $252,353.
The average cost of rent is $828/mo in Albion, primarily driven by the current value of real estate in the Albion area. In Albion, 21.16% of households rent, and 49.52% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Albion is $6,576 per month. Households that rent pay about 12.59% of their income on rent here. Albion’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Loretto, NE: higher priced homes
- Boone, NE: equally priced homes
- St. Edward, NE: less expensive homes
- Cedar Rapids, NE: less expensive homes
- Petersburg, NE: less expensive homes
- Primrose, NE: less expensive homes
- Newman Grove, NE: less expensive homes
- Raeville, NE: less expensive homes
- Rosenburg, NE: higher priced homes
- Belgrade, NE: less expensive homes
Cities with Similar Populations
- Byers, CO: higher priced homes
- West Sunbury, PA: less expensive homes
- Padgett, NC: higher priced homes
- Worthington, PA: less expensive homes
- Woodbine, IA: less expensive homes
- Shelbina, MO: less expensive homes
- Flows Store, NC: higher priced homes
- Jemez Pueblo, NM: less expensive homes
- Kuttawa, KY: less expensive homes
- Durand, IL: less expensive homes
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