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 Units by Size|
|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
|Second Mortgage & Equity Loan||0.30%|
|Home Equity Loan||9.60%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||17.1%|