Why Live in Albany
Albany's vibrant cultural scene centers around the Flint RiverQuarium, where visitors explore fascinating aquatic ecosystems unique to the region. The historic Radium Springs Gardens showcases crystal blue waters flowing from one of Georgia's largest springs, while Chehaw Park spans extensive grounds featuring a zoo, BMX track, and camping facilities. The Albany Museum of Art and Civil Rights Institute preserve the city's rich artistic and social heritage.
The housing market in Albany presents affordable options across diverse neighborhoods. The median price for single family homes ranges from $67,500 in Highland Park to $360,500 in Doublegate. Lake Park commands a median price of $291,200 for single family homes, while the Albany Historic District sees median prices around $104,000. Townhomes in Albany have a median price of $140,000, and two bedroom condos typically sell for a median of $122,500.
Albany's cost of living sits 23.1% below the national average. A family with school age children needs approximately $83,000 annually to live comfortably, while renters require about $44,000. The property tax rate is 1.39%, with a combined sales tax of 7.42%. Major employers include the Marine Corps Logistics Base, Phoebe Putney Memorial Hospital, and Procter & Gamble. St. Teresa's Catholic School, rated A by Niche, serves multiple neighborhoods including Lake Park and Merry Acres. The Albany Transit System connects residents throughout the city, while the Southwest Georgia Regional Airport provides commercial flights to Atlanta. The humid subtropical climate features hot summers with temperatures in the upper 80s to mid 90s and mild winters ranging from 40 to 60 degrees Fahrenheit.
Home Trends in Albany, GA
On average, homes in Albany, GA sell after 67 days on the market compared to the national average of 50 days. The median sale price for homes in Albany, GA over the last 12 months is $95,000, down 38% from the median home sale price over the previous 12 months.
Median Sale Price
$95,000
Median Single Family Sale Price
$169,100
Median Townhouse Sale Price
$140,000
Median 2 Bedroom Sale Price
$122,500
Average Price Per Sq Ft
$94
Number of Homes for Sale
219
Last 12 months Home Sales
122
Median List Price
$170,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-38%