Zip 46701 (Albion, IN) Housing

The housing median value in 46701 Albion, IN is $203,200 which is significantly lower than the US house median value of $338,100. Despite this disparity, the 1 year house appreciation rate in 46701 Albion, IN has been higher than the US average at 9.06%, a promising indication for potential buyers looking to invest in this area. The cost of living can be quite reasonable in 46701 Albion, especially when compared to other areas across the United States.

The median home cost in Albion (zip 46701) is $203,200. Home appreciation the last 10 years has been 83.5%. Home Appreciation in Albion (zip 46701) is up 15.6%.

Average Age of Homes

- The median age of Albion (zip 46701) real estate is 44 years old

The Rental Market in Albion (zip 46701)

- Renters make up 16.7% of the Albion (zip 46701) population
- 0.4% of houses and apartments in Albion (zip 46701), 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	Albion, Indiana	United States
	3,435.0	139,647,020.0
	51	42
	$203,200	$338,100
	15.6%	16.6%
	58.7%	57.0%
	83.5%	101.1%
	$5.77	$10.98
	$918	$2,690
	70.0%	57.4%
	11.8%	11.2%
	18.3%	31.4%
Vacant Housing
	0.4%	1.9%
	0.0%	0.4%
	0.2%	0.7%
	0.4%	0.4%
	8.2%	3.6%
	2.6%	4.1%
Value of Owner-Occupied Housing
	2.5%	2.6%
	0.7%	2.4%
	0.5%	2.8%
	7.8%	3.9%
	15.7%	4.5%
	17.2%	11.3%
	24.7%	13.0%
	14.9%	20.1%
	4.7%	13.6%
	2.5%	8.3%
	8.2%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	6.8%	13.6%
	6.8%	13.6%
	19.8%	13.6%
	6.0%	13.2%
	11.9%	14.8%
	19.8%	13.6%
	11.9%	10.0%
	2.8%	4.7%
	30.5%	12.2%