Why Live in Albany
Albany, Indiana, is a small community known for its laid-back lifestyle and highly regarded schools. Located about 30 minutes from the Ohio border, Albany was once a bustling natural gas boomtown. Today, it offers a quieter pace of life, attracting residents who work out of town but prefer the tranquility of Albany. The Delta Community School Corporation, including Albany Elementary School and the University of Delta High School, is well-regarded, with a strong focus on college preparation. Homes in Albany range from late-19th-century farmhouses to midcentury ranch-style homes and new builds in subdivisions like On The Fairways. The town's downtown area on State Route 28 features about 50 shops and stores, including nostalgic businesses like Dairy Dream and Iceburg Ice Cream. Recent commercial growth includes a new Taco Bell, Casey’s, and Dollar General. Wildcat Park, with its splash pad, pickleball courts, and amphitheater, provides recreational opportunities, while the Albany Golf Club offers an 18-hole public course. Albany is also known for its annual Halloween Parade and the newly introduced Heritage Days event. State Routes 67 and 28 connect Albany to nearby cities and Ohio, with Muncie and Portland just 20 minutes away. The Albany Community Library, run by volunteers, is another vital part of the town.
Frequently Asked Questions
What is the average home price in Albany, IN?
Homes for sale in Albany, IN have an average home price of $232,392.
How many homes have sold over the last 12 months in Albany, IN?
71 homes have sold in Albany, IN over the last 12 months.
Is Albany, IN a safe city?
In general, the safest neighborhood in Albany, IN with lower crime scores is
Albany.
What are the most popular zip codes in Albany, IN?
What are the most popular neighborhoods in Albany, IN?
The most popular neighborhood in Albany, IN with the most homes for sale is
Albany.
How much do you need to make to afford a house in Albany?
The median home price in Albany is $172,000. If you put a 20% down payment of $34,400 and had a 30-year fixed mortgage with an interest rate of 6.31%, your estimated principal and interest payment would be $850 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $36K a year to afford the median home price in Albany.
How are the schools in Albany, IN?
Home Trends in Albany, IN
On average, homes in Albany, IN sell after 33 days on the market compared to the national average of 50 days. The median sale price for homes in Albany, IN over the last 12 months is $165,000, up 11% from the median home sale price over the previous 12 months.
Median Sale Price
$165,000
Median Single Family Sale Price
$165,000
Average Price Per Sq Ft
$108
Number of Homes for Sale
7
Last 12 months Home Sales
71
Median List Price
$172,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
11%