Albany, Georgia is a great place to invest in real estate. The housing median value in this area is $205,900 which is significantly lower than the national median of $338,100. Over the past year the appreciation rate of Albany's homes has been 12.86%, which is higher than the national rate of 8.27%. This makes it a good opportunity for potential home buyers looking to invest their money in a secure market. It also could be an attractive option for those looking to rent out their property as well due to its high appreciation and competitive prices compared to other states.
The median home cost in Albany (zip 31721) is $205,900. Home appreciation the last 10 years has been 56.9%. Home Appreciation in Albany (zip 31721) is up 18.0%.
Average Age of Homes
- The median age of Albany (zip 31721) real estate is 30 years old
The Rental Market in Albany (zip 31721)
- Renters make up 25.6% of the Albany (zip 31721) population
- 1.1% of houses and apartments in Albany (zip 31721), 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.