Home Values

Albany Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$182,600

  • 5.2% 1-year change
  • None 1-year forecast

The median home value in Albany is $182,600. Albany home values have gone up 5.2% over the past year. The median list price per square foot in Albany is None. The median rent price in Albany is $795, which is lower than the Albany Metro median of $895.

Foreclosures will be a factor impacting home values in the next several years. In Albany 6.4 homes are foreclosed (per 10,000). This is greater than the national value of 3.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Albany is 5.2%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Albany homeowners underwater on their mortgage is 11.7%.

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Relative ZHVI
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Albany Market Overview

Data through May 31, 2015
  • $182,600 ZHVI
  • No data 1-yr forecast
  • No data Median listing price
  • $192,350 Median sale price
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Albany Market Health

Data through May 31, 2015
  • No recent data Very healthy
  • No data Average days on Zillow
  • 11.7% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 5.2% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

6.4 homes Albany
3.5 homes United States
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Nearby Cities

Name Median ZHVI
Corvallis $271,200
Turner $207,100
Aumsville $191,700
Name Median ZHVI
Jefferson $176,200
Salem $168,800
Independence $153,400
Name Median ZHVI
Brownsville $151,100
Four Corners $132,300
Lebanon $128,800

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $122 Median sale price / sq ft
  • No data Listings with price cut
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Albany Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,187 Albany
    $1,104 Albany Metro
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $795 Rent list price
  • $0.95 Rent list price / sq ft
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