Albany, Indiana is a great place to buy a house. The median value of houses in Albany stands at $152,600, which is significantly lower than the national median value of $338,100. Furthermore, the one year house appreciation rate in Albany is 13.04%, which outpaces the national average of 8.27%. Therefore, buyers can expect strong returns on their investments when buying property in this area. With low housing prices and strong home appreciation rates, Albany provides an ideal environment for potential homeowners.
The median home cost in Albany (zip 47320) is $152,600. Home appreciation the last 10 years has been 73.6%. Home Appreciation in Albany (zip 47320) is up 15.1%.
Average Age of Homes
- The median age of Albany (zip 47320) real estate is 53 years old
The Rental Market in Albany (zip 47320)
- Renters make up 21.6% of the Albany (zip 47320) population
- 1.4% of houses and apartments in Albany (zip 47320), 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.