Albany-Lebanon Metro Area, OR Housing

The housing market in Albany, OR Metro Area is thriving, with a median value of $371,900 compared to the US median of $338,100. This is a difference of around 10%. Over the past year, the US has seen an 8.27% appreciation in home values, while Albany's appreciation comes in at 8.29%, which is slightly above average. It is clear that the housing market in Albany is healthy and growing steadily.

The median home cost in Albany-Lebanon Metro Area is $371,900. Home appreciation the last 10 years has been 143.8%. Home Appreciation in Albany-Lebanon Metro Area is up 14.2%.

Average Age of Homes

- The median age of Albany-Lebanon Metro Area real estate is 42 years old

The Rental Market in Albany-Lebanon Metro Area

- Renters make up 31.5% of the Albany-Lebanon Metro Area population
- 1.5% of houses and apartments in Albany-Lebanon Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Albany-Lebanon, Oregon	United States
	51,515.0	139,647,020.0
	44	42
	$371,900	$338,100
	14.2%	16.6%
	69.8%	57.0%
	143.8%	101.1%
	$10.50	$10.98
	$2,793	$2,690
	63.6%	57.4%
	4.7%	11.2%
	31.7%	31.4%
Vacant Housing
	1.5%	1.9%
	0.0%	0.4%
	0.6%	0.7%
	0.2%	0.4%
	0.7%	3.6%
	1.7%	4.1%
Value of Owner-Occupied Housing
	3.3%	2.6%
	2.5%	2.4%
	2.2%	2.8%
	0.8%	3.9%
	1.8%	4.5%
	5.9%	11.3%
	12.7%	13.0%
	30.2%	20.1%
	20.3%	13.6%
	10.3%	8.3%
	6.5%	9.7%
	1.6%	3.9%
	1.4%	2.2%
	0.3%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	13.8%	13.6%
	13.8%	13.6%
	16.4%	13.6%
	7.8%	13.2%
	20.6%	14.8%
	16.4%	13.6%
	8.5%	10.0%
	7.9%	4.7%
	9.4%	12.2%

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