The housing market in Albany, MO is doing exceptionally well. The median value of a home in the area is $109,100, which is significantly lower than the US median value of $338,100. Furthermore, over the past year homes in Albany have appreciated by 11.42%, compared to 8.27% nationally. This indicates that prices for property in this location are continuing to rise and could be a great investment opportunity for those looking to purchase a home in this area.
The median home cost in Albany is $109,100. Home appreciation the last 10 years has been 59.2%. Home Appreciation in Albany is up 11.0%.
Average Age of Homes
- The median age of Albany real estate is 50 years old
The Rental Market in Albany
- Renters make up 22.1% of the Albany population
- 2.2% 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.