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.


Housing Size

Housing Units by Size
Studio Type0.60%
One Bedroom13%
Two Bedrooms39.50%
Three Bedrooms34.70%
Four Bedrooms10.30%
Five Bedrooms or more2%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.42
Median year structure was built1955
Median Value of occupied units$87,300
Median Price asked for vacant units$87,200

Rented Homes, Apartments and Condos

Average Household Size2.13
Median year structure was built1968
Median Monthly Rent asked for vacant units$428

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage7.90%
Home Equity Loan9.60%
Simple Mortgage47.70%
Debt Free34.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.1%