Housing in Albion, IN is relatively affordable compared to the US median value. With a median value of $205,700, it is nearly $130,000 less than the US median value of $338,100. The 1 year house appreciation rate in Albion was also higher than the US rate with 9.06%, compared to 8.27%. This suggests that housing in Albion has been increasing in value more rapidly than nationwide. As a result, Albion may be an ideal place for those looking for affordable and appreciating housing.
The median home cost in Albion is $205,700. Home appreciation the last 10 years has been 83.5%. Home Appreciation in Albion is up 15.6%.
Average Age of Homes
- The median age of Albion real estate is 44 years old
The Rental Market in Albion
- Renters make up 33.4% of the Albion population
- 1.5% of houses and apartments in Albion, 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.