New Albany, IN Real Estate
According to census data in the year 2000 there were 17,058 housing units in New Albany.
This represents a 9.4% growth from 15,593 in 1990.
Of those housing units, 16,947 were located in either urbanized areas or urban clusters, and 111 were located in what is classified as a rural area.
Homeownership rate in New Albany is about 59.5%.
New Albany's vacancy rate, including seasonal lodging, is about 6.7%.
Average household size is 2.3 people.
The majority of houses, apartments or condos in New Albany were built after 1958.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 13% |
| Two Bedrooms | 39.50% |
| Three Bedrooms | 34.70% |
| Four Bedrooms | 10.30% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.42 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $87,300 |
| Median Price asked for vacant units | $87,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.13 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $428 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 7.90% |
| Home Equity Loan | 9.60% |
| Simple Mortgage | 47.70% |
| Debt Free | 34.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.1% |
