Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the South Albany area can be challenging. Home prices in South Albany are now at a median cost of $270,145, lower than the Albany average of $400,999.
The average cost of rent is $1,219/mo in South Albany, primarily driven by the current value of real estate in the South Albany area. In South Albany, 35.12% of households rent, and 60.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in South Albany is $7,025 per month. Households that rent pay about 17.35% of their income on rent here. South Albany’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Periwinkle, Albany, OR: higher priced homes
- Santiam, Albany, OR: higher priced homes
- Willamette, Albany, OR: higher priced homes
- East Albany, Albany, OR: higher priced homes
- North Albany, Albany, OR: higher priced homes
- South Corvallis Neighbors, Corvallis, OR: higher priced homes
- Southeast Mill Creek, Salem, OR: higher priced homes
- Grant, Salem, OR: higher priced homes
- Oak Park, Salem, OR: higher priced homes
- Santa Clara, Eugene, OR: higher priced homes
Neighborhoods with Similar Populations
- Aberdeen, Pueblo, CO: equally priced homes
- Wyandotte, Louisville, KY: less expensive homes
- Woodside Village, Largo, FL: higher priced homes
- Woodmoor, Lochearn, MD: equally priced homes
- Wheeling Avenue Historic District, Cambridge, OH: less expensive homes
- Westside, South Bend, IN: less expensive homes
- West Wood, Dayton, OH: less expensive homes
- Wells-Goodfellow, St. Louis, MO: less expensive homes
- Carriage Square, Oxnard, CA: higher priced homes
- Carlton Hill, Wallington, NJ: higher priced homes
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