Albany, MN is a great place to buy a home. The median value of housing in Albany is $224,100, which is significantly lower than the national median value of $338,100. Despite this lower cost of housing, Albany has seen strong appreciation over the past year at 7.75%, which is only slightly below the national rate of 8.27%. This makes it an attractive option for those looking to invest in real estate while keeping costs low.
The median home cost in Albany is $224,100. Home appreciation the last 10 years has been 77.8%. Home Appreciation in Albany is up 13.6%.
Average Age of Homes
- The median age of Albany real estate is 32 years old
The Rental Market in Albany
- Renters make up 26.7% of the Albany population
- 3.8% 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.