Housing in Albany, GA is very affordable compared to the US median value of $338,100. The median value for a home in Albany is $120,500 which makes it much more accessible for potential buyers. In the past year alone, home values have increased by 12.86%, higher than the US average of 8.27%. This has made Albany an attractive housing market for those looking for good value and appreciation potential.
The median home cost in Albany is $120,500. Home appreciation the last 10 years has been 56.9%. Home Appreciation in Albany is up 18.0%.
Average Age of Homes
- The median age of Albany real estate is 43 years old
The Rental Market in Albany
- Renters make up 52.8% of the Albany population
- 4.5% of houses and apartments in Albany, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.