The Most Affordable Neighborhoods in New Albin, IA by Home Value

 

New Albin, IA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the New Albin area can be challenging. Home prices in New Albin are now at a median cost of $142,240, lower than the Iowa average of $182,666.

The average cost of rent is $585/mo in New Albin, primarily driven by the current value of real estate in the New Albin area. While nearly 61.86% of residents own their homes outright in New Albin, 12.05% rent.

Housing affordability isn’t just about home prices, though. The average household income in New Albin is $5,497 per month. Households that rent pay about 10.64% of their income on rent here. New Albin's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.


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