Why Live in New Albany
New Albany, a historic neighborhood established in 1813 along the Ohio River, is a vibrant community just minutes from Louisville, Kentucky. The area features a lively downtown with boutique shops, diverse dining options, and a burgeoning artistic scene. Popular spots include Agave & Rye for mix-and-match tacos, the Exchange Pub & Kitchen for farm-to-table dining, and the High Dive, a speakeasy-style bar. Residents can also shop for groceries at Seeds and Greens Natural Market and Deli. The neighborhood boasts a variety of home styles, from suburban cottages to Victorian estates in Mansion Row, all at affordable prices. New Albany Floyd County Schools are highly rated, serving over 11,000 students across 14 schools. Higher education institutions like Indiana University Southeast and Purdue Polytechnic New Albany offer specialized programs in nursing, business, and engineering. The neighborhood is rich in history, with landmarks like the Second Baptist Church, a key site on the Underground Railroad. Annual events such as the Harvest Homecoming festival bring the community together with carnival rides, arts and crafts, and live performances. New Albany offers 17 parks, including Riverfront Park and Loop Island Wetlands, providing ample recreational opportunities. The area experiences all four seasons, with cold winters averaging 17 inches of snowfall. Flood insurance is required for some homes near the river, but the city's flood control measures help mitigate risks. Located near Interstates 64 and 265, New Albany is just 5 miles from downtown Louisville and 13 miles from Louisville International Airport. Crime rates for violent crimes are lower than the national average, with ongoing efforts to reduce crime.
Home Trends in New Albany, IN
On average, homes in New Albany, IN sell after 33 days on the market compared to the national average of 50 days. The median sale price for homes in New Albany, IN over the last 12 months is $233,000, up 4% from the median home sale price over the previous 12 months.
Median Sale Price
$233,000
Median Single Family Sale Price
$239,900
Median Townhouse Sale Price
$185,000
Median 2 Bedroom Sale Price
$219,900
Median 1 Bedroom Sale Price
$140,000
Average Price Per Sq Ft
$154
Number of Homes for Sale
119
Last 12 months Home Sales
720
Median List Price
$245,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
4%