Albany, IL—61230
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Albany, IL
As of Oct '25, the median home price in Albany, IL is $164,000, with a year-over-year change of 7.5%. This indicates that home prices in Albany, IL are increasing. 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 | $164,000 | 7.5% |
| Single Family | $163,000 | 8.7% |
| 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 | $185,000 | 4.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Albany, IL
Albany, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 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 — Albany, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Albany, IL is 34. This is a decrease of -39.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $200,000 | 20.0% |
Listing Count | 9 | 29.0% |
| Listings as % of Homes | 1.6% | 29.0% |
Days on Market | 34 | -39.0% |
Demographics — Albany, IL
As of the latest ACS Survey released in 2023, Albany, IL has a population of 1,030, which has decreased by -8.3% over the past 5 years. Albany, IL is a popular place for families, as children make up 33.2% of the population. The area has a poorly educated workforce, with 13.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,030 | -8.3% |
% Under 18 | 33.2% | 63.5% |
% Seniors | 18.0% | -40.4% |
% WFH | 2.1% | -8.7% |
% w/ College Degree | 13.8% | -13.2% |
As of the latest ACS Survey released in 2023, Albany, IL is a predominantly white area, with 92.4% of the population identifying as white. The white population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Albany, IL is hispanic, making up 3.8% of the population. Foreign-born residents account for 1.0% of the population in Albany, IL, and this percentage has increased by 400.0% 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 | 92.4% | -3.5% |
% Black | 1.5% | ∞% |
% Hispanic | 3.8% | -9.5% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.0% | 400.0% |
Mortgage and Risk — Albany, IL
Albany, IL 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 — Albany, IL
Albany, IL 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 | $700 |
| 2 Bedroom | N/A | N/A | $920 |
| 3 Bedroom | N/A | N/A | $1,150 |
| 4 Bedroom | N/A | N/A | $1,220 |
Affordability — Albany, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $164,000 |
| Median Household Income | $77,300 |