Albion, NY—14411
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Albion, NY
As of Oct '25, the median home price in Albion, NY is $176,000, with a year-over-year change of 3.8%. This indicates that home prices in Albion, NY are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $176,000 | 3.8% |
| Single Family | $176,000 | 4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $153,000 | 3.4% |
3 Bed | $182,000 | 3.4% |
4 Bed | $194,000 | 3.7% |
| 5 Bed | $223,000 | 5.2% |
% of Housing Stock
Rental Trends — Albion, NY
As of July '25, Rentcast reports the average rent in Albion, NY is $1,030, with a year-over-year rent change of -23.7%. Per bedroom, the median rent as of July '25 in Albion, NY is 2-bedrooms: $964, 3-bedrooms: $1,150. The most common rental property sizes in Albion, NY are 2-bedroom and 1-bedroom, accounting for 38.6% and 27.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,030 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $927 | $964 |
| 3 Bed Rent | $1,150 | $1,150 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Albion, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Albion, NY is 30. This is a decrease of -3.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $200,000 | 12.0% |
Listing Count | 40 | 4.0% |
| Listings as % of Homes | 0.2% | 4.0% |
Days on Market | 30 | -3.0% |
Demographics — Albion, NY
As of the latest ACS Survey released in 2023, Albion, NY has a population of 12,500, which has decreased by -12.0% over the past 5 years. Albion, NY is a moderately popular place for families, as children make up 15.1% of the population. The area has a poorly educated workforce, with 11.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,500 | -12.0% |
% Under 18 | 15.1% | -11.7% |
% Seniors | 20.7% | 31.8% |
% WFH | 11.6% | 480.0% |
% w/ College Degree | 11.8% | -9.2% |
As of the latest ACS Survey released in 2023, Albion, NY is a predominantly white area, with 83.1% of the population identifying as white. The white population has grown by 4.3% in the last 5 years. The second most common race or ethnicity in Albion, NY is black, making up 8.7% of the population. Foreign-born residents account for 2.5% of the population in Albion, NY, and this percentage has decreased by 50.0% 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 | 83.1% | 4.3% |
% Black | 8.7% | -29.8% |
% Hispanic | 4.6% | -8.0% |
% Asian | 0.1% | -90.9% |
% Foreign Born | 2.5% | -50.0% |
Mortgage and Risk — Albion, NY
According to HUD data as of 2023, there were 174 mortgage originations in Albion, NY, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Albion, NY. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 174 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Albion, NY
Albion, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 156 |
Total Units Section 8 | 156 |
% Rentals under Section 8 | 11.0% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $950 |
| 2 Bedroom | $253 | $927 | $1,180 |
| 3 Bedroom | $280 | $1,150 | $1,430 |
| 4 Bedroom | N/A | N/A | $1,570 |
Affordability — Albion, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $176,000 |
| Median Household Income | $53,600 |