The housing market in Albany, IN is growing quickly, with the median value of homes sitting at $160,000, a far cry from the US House Median Value of $338,100. The US has experienced an 8.27% appreciation in housing over the last year yet Albany, IN has seen a rate of 13.04%, a significantly higher rate of appreciation than the national average. This indicates that the housing market in Albany, IN is quickly becoming more desirable and could be seen as a great investment opportunity for those looking to buy a home.
The median home cost in Albany is $160,000. Home appreciation the last 10 years has been 73.6%. Home Appreciation in Albany is up 15.1%.
Average Age of Homes
- The median age of Albany real estate is 63 years old
The Rental Market in Albany
- Renters make up 22.0% of the Albany population
- 2.1% 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.