New Albany, OH—43054
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Albany, OH
As of Oct '25, the median home price in New Albany, OH is $569,000, with a year-over-year change of 2.2%. This indicates that home prices in New Albany, OH are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $569,000 | 2.3% |
| Single Family | $648,000 | 2.2% |
| Condos | $314,000 | 0.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $212,000 | -0.9% |
2 Bed | $315,000 | 0.0% |
3 Bed | $500,000 | 1.8% |
4 Bed | $697,000 | 2.8% |
| 5 Bed | $1,325,000 | 4.2% |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,670 | $2,950 |
| Studio Rent | N/A | N/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 |
% of Rental Stock
Property Listings — New Albany, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in New Albany, OH is 41. This is a increase of 18.0% 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 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $549,000 | -18.0% |
Listing Count | 108 | 14.0% |
| Listings as % of Homes | 0.3% | 14.0% |
Days on Market | 41 | 18.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,700 | 2.9% |
% Under 18 | 26.7% | -9.2% |
% Seniors | 13.7% | 67.1% |
% WFH | 25.3% | 251.4% |
% w/ College Degree | 64.5% | -7.5% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $569,000 |
| Median Household Income | $140,000 |