Albion, IA—50005
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Albion, IA
Home Price Trends — Albion, IA
As of Oct '25, the median home price in Albion, IA is $179,000, with a year-over-year change of 0.1%. This indicates that home prices in Albion, IA are flat. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $179,000 | 0.1% |
| Single Family | $179,000 | 0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $158,000 | 1.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Albion, IA
Albion, IA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $695 | $695 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $695 | $695 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Albion, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Albion, IA is 26. This is a increase of 40.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $159,000 | -53.0% |
Listing Count | 3 | 125.0% |
| Listings as % of Homes | 0.2% | 125.0% |
Days on Market | 26 | 40.0% |
Demographics — Albion, IA
As of the latest ACS Survey released in 2023, Albion, IA has a population of 830, which has decreased by -22.6% over the past 5 years. Albion, IA is a less popular place for families, as children make up 12.5% of the population. The area has a poorly educated workforce, with 5.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 830 | -22.6% |
% Under 18 | 12.5% | -61.1% |
% Seniors | 28.4% | 100.0% |
% WFH | 2.0% | -23.1% |
% w/ College Degree | 5.6% | -66.1% |
As of the latest ACS Survey released in 2023, Albion, IA is a predominantly white area, with 68.0% of the population identifying as white. The white population has shrunk by 27.8% in the last 5 years. The second most common race or ethnicity in Albion, IA is asian, making up 26.4% of the population. Foreign-born residents account for 23.0% of the population in Albion, IA, and this percentage has increased by 7566.7% 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 | 68.0% | -27.8% |
% Black | 0.5% | ∞% |
% Hispanic | 3.0% | 57.9% |
% Asian | 26.4% | ∞% |
% Foreign Born | 23.0% | 7,566.7% |
Mortgage and Risk — Albion, IA
Albion, IA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Albion, IA
Albion, IA 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 | $45 | $695 | $740 |
| 2 Bedroom | N/A | N/A | $970 |
| 3 Bedroom | N/A | N/A | $1,280 |
| 4 Bedroom | N/A | N/A | $1,290 |
Affordability — Albion, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $179,000 |
| Median Household Income | $62,700 |