Albion, IN Real Estate

According to census data in the year 2000 there were 904 housing units in Albion. This represents a 14.9% growth from 787 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 904 were located in what is classified as a rural area.

Homeownership rate in Albion is about 70.9%. Albion's vacancy rate, including seasonal lodging, is about 6.5%. Average household size is 2.52 people.

The majority of houses, apartments or condos in Albion were built after 1968.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom9.10%
Two Bedrooms38.30%
Three Bedrooms40.50%
Four Bedrooms10.40%
Five Bedrooms or more1.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.69
Median year structure was built1961
Median Value of occupied units$76,300
Median Price asked for vacant units$58,800

Rented Homes, Apartments and Condos

Average Household Size2.12
Median year structure was built1977
Median Monthly Rent asked for vacant units$397

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.90%
Home Equity Loan6.70%
Simple Mortgage62.60%
Debt Free25.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.7%