Albion, IN 46701 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Albion, IN—46701

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$271,000

3.7% YoY Growth

Household Income

$76,800

34.7% YoY Growth

Days on Market

37.0% Shorter YoY

Home Price Forecast

2.3%

Median Rent

$795

5.7% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$795

0.4% YoY Growth

3-Bed Rent

$1,100

N/A

Home Price Trends — Albion, IN

As of May '26, the median home price in Albion, IN is $271,000, with a year-over-year change of 3.7%. This indicates that home prices in Albion, IN are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$271,000	3.7%
Single Family	$271,000	3.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Albion, IN

As of July '25, Rentcast reports the average rent in Albion, IN is $852, with a year-over-year rent change of 5.7%. Per bedroom, the median rent as of July '25 in Albion, IN is 2-bedrooms: $803, 3-bedrooms: $1,100. The most common rental property sizes in Albion, IN are 3-bedroom and 2-bedroom, accounting for 41.8% and 30.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$795	$852
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$795	$803
3 Bed Rent	$1,100	$1,100
4 Bed Rent	N/A	N/A

Loading chart...

% of Rental Stock

Studio

1.1%

1 Bedroom

24.1%

2 Bedrooms

30.4%

3 Bedrooms

41.8%

5+ Bedrooms

2.6%

Property Listings — Albion, IN

As of May '26, Realtor.com reports that the median days on market for a home in Albion, IN is 38. This is a decrease of -37.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 35.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$275,000	-29.0%
Listing Count	23	-23.0%
Listings as % of Homes	0.5%	-23.0%
Days on Market	38	-37.0%

Loading chart...

Demographics — Albion, IN

As of the latest ACS Survey released in 2023, Albion, IN has a population of 8,190, which has increased by 2.2% over the past 5 years. Albion, IN is a moderately popular place for families, as children make up 22.6% of the population. The area has a moderately educated workforce, with 27.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	8,190	2.2%
% Under 18	22.6%	22.2%
% Seniors	17.5%	13.6%
% WFH	6.5%	132.1%
% w/ College Degree	27.3%	129.4%

Loading chart...

As of the latest ACS Survey released in 2023, Albion, IN is a predominantly white area, with 94.9% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Albion, IN is hispanic, making up 1.5% of the population. Foreign-born residents account for 1.0% of the population in Albion, IN, and this percentage has increased by 66.7% 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	94.9%	-1.8%
% Black	0.5%	-37.5%
% Hispanic	1.5%	-6.2%
% Asian	0.2%	∞%
% Foreign Born	1.0%	66.7%

Loading chart...

Mortgage and Risk — Albion, IN

According to HUD data as of 2023, there were 153 mortgage originations in Albion, IN, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Albion, IN. Investor activity is low, as 0.0% of loans were by investors. 23.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	153
% Conventional Loans	80.0%
% Government Loans	20.0%
% Investor Loans	0.0%
% Second Loans	3.0%
% Cash Out Refinance	23.0%

Loading chart...

Rentals and Section 8 — Albion, IN

Albion, IN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% 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	N/A	N/A	$760
2 Bedroom	$205	$795	$1,000
3 Bedroom	$110	$1,100	$1,210
4 Bedroom	N/A	N/A	$1,680

Albion, IN—46701

Key Metrics at a Glance

Home Price Trends — Albion, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Albion, IN

% of Rental Stock

Property Listings — Albion, IN

Demographics — Albion, IN

Race and Ethnicity

Mortgage and Risk — Albion, IN

Mortgages

Rentals and Section 8 — Albion, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Albion, IN

Home Price to Income Ratio

Albion, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Wolflake

Wawaka, IN

Kimmell, IN

Rome City, IN

Churubusco, IN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$271,000
Median Household Income	$76,800

Albion, IN—46701

Key Metrics at a Glance

Home Price Trends — Albion, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Albion, IN

% of Rental Stock

Property Listings — Albion, IN

Demographics — Albion, IN

Race and Ethnicity

Mortgage and Risk — Albion, IN

Mortgages

Rentals and Section 8 — Albion, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Albion, IN

Home Price to Income Ratio

Albion, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Wolflake

Wawaka, IN

Kimmell, IN

Rome City, IN

Churubusco, IN

Frequently Asked Questions

What is the average home price in Albion, IN 46701?

How have home prices in Albion, IN 46701 changed over the past year?

What is the home price projection for Albion, IN 46701?

What are the demographics of Albion, IN 46701?

How long does it take homes to sell in Albion, IN 46701?

What is the average rent price in Albion, IN 46701?