Albion, IN—46701
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Albion, IN
As of Oct '25, the median home price in Albion, IN is $258,000, with a year-over-year change of 5.1%. This indicates that home prices in Albion, IN are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $258,000 | 5.1% |
| Single Family | $258,000 | 4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $145,000 | 0.0% |
2 Bed | $191,000 | 6.7% |
3 Bed | $278,000 | 5.3% |
4 Bed | $366,000 | 4.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Albion, IN
As of July '25, Rentcast reports the average rent in Albion, IN is $852, with a year-over-year rent change of 5.7%. Per bedroom, the median rent as of July '25 in Albion, IN is 2-bedrooms: $803, 3-bedrooms: $1,100. The most common rental property sizes in Albion, IN are 3-bedroom and 2-bedroom, accounting for 41.8% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $795 | $852 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $795 | $803 |
| 3 Bed Rent | $1,100 | $1,100 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Albion, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Albion, IN is 26. This is a increase of 50.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $279,000 | -3.0% |
Listing Count | 24 | 5.0% |
| Listings as % of Homes | 0.5% | 5.0% |
Days on Market | 26 | 50.0% |
Demographics — Albion, IN
As of the latest ACS Survey released in 2023, Albion, IN has a population of 8,190, which has increased by 2.2% over the past 5 years. Albion, IN is a moderately popular place for families, as children make up 22.6% of the population. The area has a moderately educated workforce, with 27.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,190 | 2.2% |
% Under 18 | 22.6% | 22.2% |
% Seniors | 17.5% | 13.6% |
% WFH | 6.5% | 132.1% |
% w/ College Degree | 27.3% | 129.4% |
As of the latest ACS Survey released in 2023, Albion, IN is a predominantly white area, with 94.9% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Albion, IN is hispanic, making up 1.5% of the population. Foreign-born residents account for 1.0% of the population in Albion, IN, and this percentage has increased by 66.7% 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 | 94.9% | -1.8% |
% Black | 0.5% | -37.5% |
% Hispanic | 1.5% | -6.2% |
% Asian | 0.2% | ∞% |
% Foreign Born | 1.0% | 66.7% |
Mortgage and Risk — Albion, IN
According to HUD data as of 2023, there were 153 mortgage originations in Albion, IN, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Albion, IN. Investor activity is low, as 0.0% of loans were by investors. 23.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 153 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 23.0% |
Loan Activity
Rentals and Section 8 — Albion, IN
Albion, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% 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 | N/A | N/A | $760 |
| 2 Bedroom | $205 | $795 | $1,000 |
| 3 Bedroom | $110 | $1,100 | $1,210 |
| 4 Bedroom | N/A | N/A | $1,680 |
Affordability — Albion, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $258,000 |
| Median Household Income | $76,800 |