Albany, IN—47320
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Albany, IN
As of Oct '25, the median home price in Albany, IN is $182,000, with a year-over-year change of 6.8%. This indicates that home prices in Albany, IN are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $182,000 | 6.8% |
| Single Family | $182,000 | 6.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $119,000 | 1.7% |
3 Bed | $180,000 | 6.5% |
4 Bed | $258,000 | 5.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Albany, IN
As of July '25, Rentcast reports the average rent in Albany, IN is $1,140, with a year-over-year rent change of 34.1%. Per bedroom, the median rent as of July '25 in Albany, IN is 2-bedrooms: $1,200, 3-bedrooms: $875. The most common rental property sizes in Albany, IN are 2-bedroom and 1-bedroom, accounting for 42.3% and 23.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,140 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,200 | $1,200 |
| 3 Bed Rent | $875 | $875 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Albany, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Albany, IN is 99. This is a increase of 91.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $172,000 | 23.0% |
Listing Count | 10 | -20.0% |
| Listings as % of Homes | 0.3% | -20.0% |
Days on Market | 99 | 91.0% |
Demographics — Albany, IN
As of the latest ACS Survey released in 2023, Albany, IN has a population of 4,490, which has increased by 29.7% over the past 5 years. Albany, IN is a moderately popular place for families, as children make up 18.3% of the population. The area has a poorly educated workforce, with 16.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,490 | 29.7% |
% Under 18 | 18.3% | 12.3% |
% Seniors | 26.3% | 10.5% |
% WFH | 7.2% | 148.3% |
% w/ College Degree | 16.2% | -26.7% |
As of the latest ACS Survey released in 2023, Albany, IN is a predominantly white area, with 97.1% of the population identifying as white. The white population has grown by 1.6% in the last 5 years. The second most common race or ethnicity in Albany, IN is hispanic, making up 1.6% of the population. Foreign-born residents account for 0.5% of the population in Albany, IN, and this percentage has decreased by 64.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 97.1% | 1.6% |
% Black | 0.1% | ∞% |
% Hispanic | 1.6% | 33.3% |
% Asian | 0.4% | ∞% |
% Foreign Born | 0.5% | -64.3% |
Mortgage and Risk — Albany, IN
According to HUD data as of 2023, there were 104 mortgage originations in Albany, IN, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Albany, IN. Investor activity is low, as 0.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 104 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Albany, IN
Albany, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 17 |
Total Units Section 8 | 17 |
% Rentals under Section 8 | 6.9% |
% Occupied Section 8 | 68.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $760 |
| 2 Bedroom | -$270 | $1,200 | $930 |
| 3 Bedroom | $345 | $875 | $1,220 |
| 4 Bedroom | N/A | N/A | $1,400 |
Affordability — Albany, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $182,000 |
| Median Household Income | $68,200 |