New Albany, OH is an affluent suburb of Columbus and has consistently high housing values compared to the rest of the country. The median housing value in New Albany, OH is $530,700 while the US median housing value is $338,100. In the past year, US house appreciation was 8.27%, but New Albany experienced a 14.02% appreciation in home prices. This shows that the area is highly desirable for homeowners and investors alike due to its high prices and appreciation rate.
The median home cost in New Albany is $530,700. Home appreciation the last 10 years has been 102.9%. Home Appreciation in New Albany is up 19.8%.
Average Age of Homes
- The median age of New Albany real estate is 13 years old
The Rental Market in New Albany
- Renters make up 6.5% of the New Albany population
- 0.6% of houses and apartments in New 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.