Zip 31701 (Albany, GA) Housing

The housing market in Albany, GA (zip code 31701) is incredibly strong. With a median value of $87,600, it is significantly lower than the national median value of $338,100. However, this lower price point does not mean that Albany's housing market is stagnant—it has actually had an impressive 1 year house appreciation rate of 12.86%, exceeding the US average of 8.27%. This indicates that homes in Albany are becoming increasingly valuable over time and may be a great investment for prospective buyers.

The median home cost in Albany (zip 31701) is $87,600. Home appreciation the last 10 years has been 56.9%. Home Appreciation in Albany (zip 31701) is up 18.0%.

Average Age of Homes

- The median age of Albany (zip 31701) real estate is 50 years old

The Rental Market in Albany (zip 31701)

- Renters make up 59.0% of the Albany (zip 31701) population
- 5.1% of houses and apartments in Albany (zip 31701), 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, Georgia	United States
	9,639.0	139,647,020.0
	54	42
	$87,600	$338,100
	18.0%	16.6%
	46.2%	57.0%
	56.9%	101.1%
	$13.76	$10.98
	$1,223	$2,690
	27.7%	57.4%
	22.8%	11.2%
	49.5%	31.4%
Vacant Housing
	5.1%	1.9%
	0.8%	0.4%
	0.9%	0.7%
	0.9%	0.4%
	1.4%	3.6%
	13.7%	4.1%
Value of Owner-Occupied Housing
	2.4%	2.6%
	12.1%	2.4%
	17.8%	2.8%
	12.2%	3.9%
	11.0%	4.5%
	17.0%	11.3%
	11.8%	13.0%
	11.7%	20.1%
	2.7%	13.6%
	0.1%	8.3%
	0.8%	9.7%
	0.0%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	12.2%	13.6%
	12.2%	13.6%
	8.8%	13.6%
	7.3%	13.2%
	12.9%	14.8%
	8.8%	13.6%
	16.2%	10.0%
	11.4%	4.7%
	11.5%	12.2%

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