Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the New Albany area can be challenging. Home prices in New Albany are now at a median cost of $166,904, lower than the Indiana average of $175,617.
The average cost of rent is $913/mo in New Albany, primarily driven by the current value of real estate in the New Albany area. While nearly 34.69% of residents own their homes outright in New Albany, 32.90% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Albany is $5,462 per month. Households that rent pay about 16.72% of their income on rent here. New Albany's most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Clarksville, IN: less expensive homes
- Floyds Knobs, IN: higher priced homes
- Jeffersonville, IN: equally priced homes
- Sellersburg, IN: higher priced homes
- Edwardsville, IN: higher priced homes
- Speed, IN: higher priced homes
- Georgetown, IN: higher priced homes
- Carwood, IN: higher priced homes
- Galena, IN: higher priced homes
- Parkway Village, KY: higher priced homes
Cities with Similar Populations
- East Brunswick, NJ: higher priced homes
- Rio Grande, PR: less expensive homes
- Rowland Heights, CA: higher priced homes
- Prescott Valley, AZ: higher priced homes
- Spring Hill, TN: higher priced homes
- West Orange, NJ: higher priced homes
- Zanesville, OH: less expensive homes
- Elmhurst, IL: higher priced homes
- El Centro, CA: higher priced homes
- East Honolulu, HI: higher priced homes
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