The housing in Albany, CA is significantly higher than the US house median value, with the median value reaching up to $1,218,000. Despite this, the one year appreciation rate of houses in Albany is only slightly lower than the national average of 8.27%, clocking in at 7.93%. This suggests that investing in real estate in Albany is still a smart move. With its close proximity to San Francisco and Oakland, and all the features that living near these two cities can offer, it's easy to see why houses in Albany remain so sought after.
The median home cost in Albany is $1,218,000. Home appreciation the last 10 years has been 88.1%. Home Appreciation in Albany is up 9.6%.
Average Age of Homes
- The median age of Albany real estate is 65 years old
The Rental Market in Albany
- Renters make up 50.9% of the Albany population
- 1.4% 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.