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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 $174,078, lower than the Mississippi average of $183,008.
The average cost of rent is $889/mo in New Albany, primarily driven by the current value of real estate in the New Albany area. In New Albany, 30.00% of households rent, and 44.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Albany is $5,029 per month. Households that rent pay about 17.67% of their income on rent here. New Albany’s most expensive areas are in the southwestern 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
- Wallerville, MS: higher priced homes
- Pleasant Hill, MS: less expensive homes
- Ingomar, MS: higher priced homes
- Poolville, MS: less expensive homes
- Pumpkin Center, MS: less expensive homes
- Keownville, MS: less expensive homes
- Myrtle, MS: equally priced homes
- New Harmony, MS: higher priced homes
- Blue Springs, MS: equally priced homes
- Ecru, MS: higher priced homes
Cities with Similar Populations
- Stanley, NC: higher priced homes
- Federal Heights, CO: equally priced homes
- Fernway, PA: higher priced homes
- Finneytown, OH: higher priced homes
- Fleetwood, PA: higher priced homes
- Flint, TX: higher priced homes
- Forest Hill, TX: higher priced homes
- Forest Park, IL: higher priced homes
- Forsyth, GA: higher priced homes
- Gladeview, FL: higher priced homes
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