The housing market in Albany, KY is seen to be quite a bit lower than the national average. The median value of a house in Albany is $131,100 compared to the US median of $338,100. Despite having a much lower baseline price, the 1 year appreciation rate for houses in Albany is actually higher than the national rate at 12.90%, compared to 8.27% for the US overall. This suggests that housing prices in Albany are increasing at a faster rate than those of other cities across the country, making it an attractive option for potential buyers.
The median home cost in Albany is $131,100. Home appreciation the last 10 years has been 64.4%. Home Appreciation in Albany is up 16.7%.
Average Age of Homes
- The median age of Albany real estate is 43 years old
The Rental Market in Albany
- Renters make up 33.3% of the Albany population
- 0.0% 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.