Albion, Rhode Island has a median housing value of $295,600 which is slightly less than the US median value of $338,100. Despite this, the housing market in Albion has experienced a strong year-over-year appreciation rate of 10.78%, which is significantly higher than the national average of 8.27%. This reflects a strong and healthy housing market in Albion which is likely to continue to appreciate in value over time.
The median home cost in Albion (zip 02802) is $295,600. Home appreciation the last 10 years has been 91.2%. Home Appreciation in Albion (zip 02802) is up 16.0%.
Average Age of Homes
- The median age of Albion (zip 02802) real estate is 78 years old
The Rental Market in Albion (zip 02802)
- Renters make up 56.8% of the Albion (zip 02802) population
- 14.8% of houses and apartments in Albion (zip 02802), 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.