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New Albany, OH—43054

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$562,000
2.1% YoY Growth
Household Income
$140,000
17.7% YoY Growth
Days on Market
70
30.0% Longer YoY
Home Price Forecast
2.0%
Median Rent
$2,670
6.3% YoY Growth
1-Bed Rent
$1,880
30.6% YoY Growth
2-Bed Rent
$2,520
19.7% YoY Growth
3-Bed Rent
$2,830
5.1% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — New Albany, OH

As of Dec '25, the median home price in New Albany, OH is $562,000, with a year-over-year change of 2.1%. This indicates that home prices in New Albany, OH are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$562,0002.1%
Single Family $641,0002.4%
Condos $309,0000.7%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $208,000
    -1.0%
    2 Bed
    		$309,0000.0%
    3 Bed
    		$495,0001.6%
    4 Bed
    		$690,0003.0%
    5 Bed $1,309,0084.8%
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    % of Housing Stock

    Studio
    1.0%
    1 Bedroom
    7.8%
    2 Bedrooms
    31.6%
    3 Bedrooms
    19.8%
    4 Bedrooms
    31.1%
    5+ Bedrooms
    8.6%

    Rental Trends — New Albany, OH

    As of July '25, Rentcast reports the average rent in New Albany, OH is $2,950, with a year-over-year rent change of -6.3%. Per bedroom, the median rent as of July '25 in New Albany, OH is 1-bedrooms: $1,750, 2-bedrooms: $2,490, 3-bedrooms: $3,110, 4-bedrooms: $3,510. The most common rental property sizes in New Albany, OH are 2-bedroom and 1-bedroom, accounting for 63.2% and 23.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,670$2,950
    Studio Rent N/AN/A
    1 Bed Rent $1,880$1,750
    2 Bed Rent $2,520$2,490
    3 Bed Rent $2,830$3,110
    4 Bed Rent $3,210$3,510
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    % of Rental Stock

    Studio
    2.3%
    1 Bedroom
    23.4%
    2 Bedrooms
    63.2%
    3 Bedrooms
    5.7%
    4 Bedrooms
    4.6%
    5+ Bedrooms
    0.8%

    Property Listings — New Albany, OH

    As of Dec '25, Realtor.com reports that the median days on market for a home in New Albany, OH is 45. This is a increase of 13.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 38.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$485,000-15.0%
    Listing Count
    		66-2.0%
    Listings as % of Homes0.3%-2.0%
    Days on Market
    		7030.0%
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    Demographics — New Albany, OH

    As of the latest ACS Survey released in 2023, New Albany, OH has a population of 27,700, which has increased by 2.9% over the past 5 years. New Albany, OH is a popular place for families, as children make up 26.7% of the population. The area has a highly educated workforce, with 64.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		27,7002.9%
    % Under 18
    		26.7%-9.2%
    % Seniors
    		13.7%67.1%
    % WFH
    		25.3%251.4%
    % w/ College Degree
    		64.5%-7.5%
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    As of the latest ACS Survey released in 2023, New Albany, OH is a predominantly white area, with 71.0% of the population identifying as white. The white population has shrunk by 7.1% in the last 5 years. The second most common race or ethnicity in New Albany, OH is black, making up 9.4% of the population. Foreign-born residents account for 11.6% of the population in New Albany, OH, and this percentage has increased by 6.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		71.0%-7.1%
    % Black
    		9.4%20.5%
    % Hispanic
    		5.8%152.2%
    % Asian
    		6.8%-22.7%
    % Foreign Born
    		11.6%6.4%
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    Mortgage and Risk — New Albany, OH

    According to HUD data as of 2023, there were 532 mortgage originations in New Albany, OH, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in New Albany, OH. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		532
    % Conventional Loans
    		97.0%
    % Government Loans
    		3.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		14.0%
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    Rentals and Section 8 — New Albany, OH

    New Albany, OH lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		3
    Total Units Section 8
    		3
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$210$1,880$1,670
    2 Bedroom-$500$2,520$2,020
    3 Bedroom-$400$2,830$2,430
    4 Bedroom-$500$3,210$2,710

    Affordability — New Albany, OH

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.5
    Median Home Price$562,000
    Median Household Income$140,000

    New Albany, OH — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Blacklick, OH

    43004

    Gahanna, OH

    43230

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    43081

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    43082

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    43068

    Frequently Asked Questions