Albany, LA—70711
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Albany, LA
As of Oct '25, the median home price in Albany, LA is $227,000, with a year-over-year change of 1.8%. This indicates that home prices in Albany, LA are increasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $227,000 | 1.8% |
| Single Family | $227,000 | 2.3% |
| 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 | $224,000 | 3.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Albany, LA
As of July '25, Rentcast reports the average rent in Albany, LA is $1,550, with a year-over-year rent change of 3.3%. Per bedroom, the median rent as of July '25 in Albany, LA is 3-bedrooms: $1,550. The most common rental property sizes in Albany, LA are 2-bedroom and 3-bedroom, accounting for 40.2% and 29.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,550 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,550 | $1,550 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Albany, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Albany, LA is 88. This is a increase of 102.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $230,000 | -13.0% |
Listing Count | 14 | 168.0% |
| Listings as % of Homes | 0.3% | 168.0% |
Days on Market | 88 | 102.0% |
Demographics — Albany, LA
As of the latest ACS Survey released in 2023, Albany, LA has a population of 5,620, which has increased by 22.8% over the past 5 years. Albany, LA is a popular place for families, as children make up 28.1% of the population. The area has a poorly educated workforce, with 17.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,620 | 22.8% |
% Under 18 | 28.1% | -3.8% |
% Seniors | 19.2% | 20.8% |
% WFH | 1.6% | -38.5% |
% w/ College Degree | 17.1% | -29.9% |
As of the latest ACS Survey released in 2023, Albany, LA is a predominantly white area, with 88.3% of the population identifying as white. The white population has shrunk by 9.3% in the last 5 years. The second most common race or ethnicity in Albany, LA is hispanic, making up 6.2% of the population. Foreign-born residents account for 6.2% of the population in Albany, LA, and this percentage has increased by 6100.0% 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 | 88.3% | -9.3% |
% Black | 0.1% | -87.5% |
% Hispanic | 6.2% | 244.4% |
% Asian | 0.0% | N/A |
% Foreign Born | 6.2% | 6,100.0% |
Mortgage and Risk — Albany, LA
According to HUD data as of 2023, there were 74 mortgage originations in Albany, LA, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Albany, LA. Investor activity is low, as 5.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 74 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 5.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Albany, LA
Albany, LA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 27 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,020 |
| 2 Bedroom | N/A | N/A | $1,150 |
| 3 Bedroom | -$110 | $1,550 | $1,440 |
| 4 Bedroom | N/A | N/A | $1,920 |
Affordability — Albany, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $227,000 |
| Median Household Income | $89,300 |