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Albany, IN Real Estate


According to census data in the year 2000 there were 1,059 housing units in Albany. This represents a 6.3% growth from 996 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 1,059 were located in what is classified as a rural area.

Homeownership rate in Albany is about 71.6%. Albany's vacancy rate, including seasonal lodging, is about 8.4%. Average household size is 2.37 people.

The majority of houses, apartments or condos in Albany were built after 1956.

Statistics

Housing Size

Housing Units by Size
Studio Type1.80%
One Bedroom11.50%
Two Bedrooms31.10%
Three Bedrooms45.50%
Four Bedrooms8.90%
Five Bedrooms or more1.20%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.6
Median year structure was built1954
Median Value of occupied units$65,800

Rented Homes, Apartments and Condos

Average Household Size1.77
Median year structure was built1962
Median Monthly Rent asked for vacant units$195

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.50%
Home Equity Loan3.50%
Simple Mortgage53.40%
Debt Free36.60%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs14.2%