The housing market in Albany, OK has been steadily increasing with the median value of $242,600. This is significantly lower than the US House Median Value of $338,100 and shows a 1 year appreciation rate of 13.34%, which is higher than the US 1 year House Appreciation rate of 8.27%. This indicates that Albany, OK is a desirable city for those looking to purchase a home as prices have continually increased despite being below the national median value.
The median home cost in Albany is $242,600. Home appreciation the last 10 years has been 62.1%. Home Appreciation in Albany is up 14.5%.
Average Age of Homes
- The median age of Albany real estate is 20 years old
The Rental Market in Albany
- Renters make up 23.9% 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.