The Most Affordable Neighborhoods in New Albany, KS by Home Value

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 $99,008, lower than the Kansas average of $243,949.

The average cost of rent is $894/mo in New Albany, primarily driven by the current value of real estate in the New Albany area. In New Albany, 14.67% of households rent, and 62.18% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in New Albany is $5,567 per month. Households that rent pay about 16.06% of their income on rent here. New Albany’s most expensive areas are in the northwestern 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.

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