Albany, OR 97321 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Albany, OR—97321

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$504,000

0.6% YoY Growth

Household Income

$95,700

35.9% YoY Growth

Days on Market

0.0% Longer YoY

Home Price Forecast

1.3%

Median Rent

$1,650

9.7% YoY Growth

1-Bed Rent

$1,200

5.3% YoY Growth

2-Bed Rent

$1,450

8.2% YoY Growth

3-Bed Rent

$2,440

3.3% YoY Growth

Other Zip Codes in Albany, OR

97322

Home Price Trends — Albany, OR

As of Dec '25, the median home price in Albany, OR is $504,000, with a year-over-year change of 0.6%. This indicates that home prices in Albany, OR are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$504,000	0.6%
Single Family	$505,000	0.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Albany, OR

As of July '25, Rentcast reports the average rent in Albany, OR is $1,920, with a year-over-year rent change of 9.7%. Per bedroom, the median rent as of July '25 in Albany, OR is studios: $1,180, 1-bedrooms: $1,190, 2-bedrooms: $1,590, 3-bedrooms: $2,480, 4-bedrooms: $3,050. The most common rental property sizes in Albany, OR are 2-bedroom and 3-bedroom, accounting for 38.9% and 23.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,650	$1,920
Studio Rent	$875	$1,180
1 Bed Rent	$1,200	$1,190
2 Bed Rent	$1,450	$1,590
3 Bed Rent	$2,440	$2,480
4 Bed Rent	$2,920	$3,050

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% of Rental Stock

Studio

8.5%

1 Bedroom

20.0%

2 Bedrooms

38.9%

3 Bedrooms

23.8%

4 Bedrooms

8.0%

5+ Bedrooms

0.8%

Property Listings — Albany, OR

As of Dec '25, Realtor.com reports that the median days on market for a home in Albany, OR is 68. This is a decrease of -6.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$570,000	-12.0%
Listing Count	97	-12.0%
Listings as % of Homes	0.5%	-12.0%
Days on Market	93	0.0%

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Demographics — Albany, OR

As of the latest ACS Survey released in 2023, Albany, OR has a population of 31,000, which has increased by 17.5% over the past 5 years. Albany, OR is a moderately popular place for families, as children make up 24.0% of the population. The area has a moderately educated workforce, with 37.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	31,000	17.5%
% Under 18	24.0%	11.6%
% Seniors	17.0%	-6.1%
% WFH	16.0%	175.9%
% w/ College Degree	37.8%	3.8%

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As of the latest ACS Survey released in 2023, Albany, OR is a predominantly white area, with 82.7% of the population identifying as white. The white population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in Albany, OR is hispanic, making up 8.4% of the population. Foreign-born residents account for 3.1% of the population in Albany, OR, and this percentage has decreased by 16.2% 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	82.7%	-5.1%
% Black	0.7%	250.0%
% Hispanic	8.4%	21.7%
% Asian	1.3%	-18.8%
% Foreign Born	3.1%	-16.2%

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Mortgage and Risk — Albany, OR

According to HUD data as of 2023, there were 647 mortgage originations in Albany, OR, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Albany, OR. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	647
% Conventional Loans	84.0%
% Government Loans	16.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Albany, OR

As of 2024, the percent of homes in Albany, OR under the Section 8 program is 11.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Albany, OR, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	345
Total Units Section 8	345
% Rentals under Section 8	11.6%
% Occupied Section 8	87.3%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$40	$1,200	$1,160
2 Bedroom	-$20	$1,450	$1,430
3 Bedroom	-$440	$2,440	$2,000
4 Bedroom	-$670	$2,920	$2,250

Albany, OR—97321

Key Metrics at a Glance

Other Zip Codes in Albany, OR

Home Price Trends — Albany, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Albany, OR

% of Rental Stock

Property Listings — Albany, OR

Demographics — Albany, OR

Race and Ethnicity

Mortgage and Risk — Albany, OR

Mortgages

Rentals and Section 8 — Albany, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Albany, OR

Home Price to Income Ratio

Albany, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Albany, OR

Tangent, OR

Corvallis, OR

Jefferson, OR

Corvallis, OR

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5
Median Home Price	$504,000
Median Household Income	$95,700

Albany, OR—97321

Key Metrics at a Glance

Other Zip Codes in Albany, OR

Home Price Trends — Albany, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Albany, OR

% of Rental Stock

Property Listings — Albany, OR

Demographics — Albany, OR

Race and Ethnicity

Mortgage and Risk — Albany, OR

Mortgages

Rentals and Section 8 — Albany, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Albany, OR

Home Price to Income Ratio

Albany, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Albany, OR

Tangent, OR

Corvallis, OR

Jefferson, OR

Corvallis, OR

Frequently Asked Questions

What is the average home price in Albany, OR 97321?

How have home prices in Albany, OR 97321 changed over the past year?

What is the home price projection for Albany, OR 97321?

What are the demographics of Albany, OR 97321?

How long does it take homes to sell in Albany, OR 97321?

What is the average rent price in Albany, OR 97321?