The housing market in Albion, IA is thriving. The median value of homes in Albion is $125,000, which is significantly lower than the US house median of $338,100. This lower cost makes it more affordable for people who want to purchase a home in this area. Furthermore, the 1 year house appreciation in Albion has been 12.55%, which is higher than the US house appreciation rate of 8.27%. This indicates that buying a home in Albion now could yield significant returns down the road making it an attractive investment option for potential buyers.
The median home cost in Albion is $125,000. Home appreciation the last 10 years has been 63.1%. Home Appreciation in Albion is up 11.4%.
Average Age of Homes
- The median age of Albion real estate is 59 years old
The Rental Market in Albion
- Renters make up 6.8% of the Albion population
- 0.0% 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.