New Albany, OH Real Estate

According to census data in the year 2000 there were 1,425 housing units in New Albany. This represents a 125.1% growth from 633 in 1990.

Of those housing units, 1,159 were located in either urbanized areas or urban clusters, and 266 were located in what is classified as a rural area.

Homeownership rate in New Albany is about 83.5%. New Albany's vacancy rate, including seasonal lodging, is about 11.5%. Average household size is 2.88 people.

The majority of houses, apartments or condos in New Albany were built after 1995.


Housing Size

Housing Units by Size
Studio Type0.40%
One Bedroom4.40%
Two Bedrooms10.80%
Three Bedrooms30.60%
Four Bedrooms39.90%
Five Bedrooms or more14%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.04
Median year structure was built1995
Median Value of occupied units$452,900
Median Price asked for vacant units$242,700

Rented Homes, Apartments and Condos

Average Household Size2.08
Median year structure was built1995
Median Monthly Rent asked for vacant units$950

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan1.10%
Second Mortgage11.70%
Home Equity Loan17%
Simple Mortgage53.80%
Debt Free16.40%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs20.2%