Albany, OR—97322
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Albany, OR
Home Price Trends — Albany, OR
As of Oct '25, the median home price in Albany, OR is $402,000, with a year-over-year change of 1.2%. This indicates that home prices in Albany, OR are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $402,000 | 1.2% |
| Single Family | $403,000 | 1.0% |
| Condos | $257,000 | 1.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $302,000 | -1.0% |
3 Bed | $399,000 | 0.8% |
4 Bed | $480,000 | 0.6% |
| 5 Bed | $551,000 | 0.2% |
% of Housing Stock
Rental Trends — Albany, OR
As of July '25, Rentcast reports the average rent in Albany, OR is $1,830, with a year-over-year rent change of -2.1%. Per bedroom, the median rent as of July '25 in Albany, OR is studios: $1,410, 1-bedrooms: $1,300, 2-bedrooms: $1,500, 3-bedrooms: $2,280, 4-bedrooms: $2,700. The most common rental property sizes in Albany, OR are 2-bedroom and 3-bedroom, accounting for 48.8% and 27.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,620 | $1,830 |
| Studio Rent | $1,410 | $1,410 |
| 1 Bed Rent | $1,340 | $1,300 |
| 2 Bed Rent | $1,450 | $1,500 |
| 3 Bed Rent | $2,300 | $2,280 |
| 4 Bed Rent | $2,800 | $2,700 |
% of Rental Stock
Property Listings — Albany, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Albany, OR is 58. 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $425,000 | -4.0% |
Listing Count | 112 | 16.0% |
| Listings as % of Homes | 0.3% | 16.0% |
Days on Market | 58 | 50.0% |
Demographics — Albany, OR
As of the latest ACS Survey released in 2023, Albany, OR has a population of 36,300, which has remained stable by -0.2% over the past 5 years. Albany, OR is a moderately popular place for families, as children make up 23.6% of the population. The area has a poorly educated workforce, with 21.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,300 | -0.2% |
% Under 18 | 23.6% | -2.5% |
% Seniors | 18.0% | 19.2% |
% WFH | 12.1% | 210.3% |
% w/ College Degree | 21.8% | 10.1% |
As of the latest ACS Survey released in 2023, Albany, OR is a predominantly white area, with 75.0% of the population identifying as white. The white population has shrunk by 6.0% in the last 5 years. The second most common race or ethnicity in Albany, OR is hispanic, making up 17.7% of the population. Foreign-born residents account for 7.6% of the population in Albany, OR, and this percentage has increased by 13.4% 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 | 75.0% | -6.0% |
% Black | 0.3% | -66.7% |
% Hispanic | 17.7% | 21.2% |
% Asian | 1.9% | 11.8% |
% Foreign Born | 7.6% | 13.4% |
Mortgage and Risk — Albany, OR
According to HUD data as of 2023, there were 536 mortgage originations in Albany, OR, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 29.0% 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. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 536 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Albany, OR
As of 2024, the percent of homes in Albany, OR under the Section 8 program is 11.8%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Albany, OR, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 745 |
Total Units Section 8 | 745 |
% Rentals under Section 8 | 11.8% |
% Occupied Section 8 | 89.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$130 | $1,340 | $1,210 |
| 2 Bedroom | $20 | $1,450 | $1,470 |
| 3 Bedroom | -$330 | $2,300 | $1,970 |
| 4 Bedroom | -$490 | $2,800 | $2,310 |
Affordability — Albany, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $402,000 |
| Median Household Income | $68,500 |