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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 $200,978, lower than the Pennsylvania average of $288,156.
The average cost of rent is $947/mo in New Albany, primarily driven by the current value of real estate in the New Albany area. In New Albany, 20.22% of households rent, and 56.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Albany is $5,808 per month. Households that rent pay about 16.30% of their income on rent here. New Albany’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- New Era, PA: equally priced homes
- Laddsburg, PA: equally priced homes
- Marshview, PA: equally priced homes
- Overton, PA: equally priced homes
- Dushore, PA: equally priced homes
- Powell, PA: less expensive homes
- Terrytown, PA: higher priced homes
- Monroe, PA: less expensive homes
- Satterfield, PA: less expensive homes
- Homets Ferry, PA: higher priced homes
Cities with Similar Populations
- West Selmont, AL: less expensive homes
- Brownstown, IL: less expensive homes
- Buckner, LA: less expensive homes
- Burke, SD: less expensive homes
- Byars, OK: less expensive homes
- Callaway, NE: less expensive homes
- Calvert, KS: less expensive homes
- Corinth, VT: equally priced homes
- Wekiwa, OK: higher priced homes
- West Charleston, VT: higher priced homes
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