The housing market in Albany, TX is quite robust with the median value of homes being $121,600. This is significantly lower than the US median value of $338,100. However, it has had a much higher rate of appreciation over the past year at 16.22%, which is nearly double the national average of 8.27%. This indicates that Albany's housing market is likely to continue appreciating at a faster rate than the nation as a whole and could be a great opportunity for potential buyers and investors alike.
The median home cost in Albany is $121,600. Home appreciation the last 10 years has been 99.0%. Home Appreciation in Albany is up 19.7%.
Average Age of Homes
- The median age of Albany real estate is 55 years old
The Rental Market in Albany
- Renters make up 19.3% of the Albany population
- 1.5% 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.