Albany is a larger than average city in Indiana that has seen a 3.3% decrease in population over the last 10 years. It also has a total population of 2,165. Homes in Albany are older than most with a median age of 52 years. Heading the list of top schools in the city is Albany Elementary School.
Homes in Albany are generally less expensive than others in the state with a median home value of $75,400 and an average list price of $56,480. The Albany market got positive news this week as sales reached one home sold over the last 30 days, edging past the average sales volume for the prior 12 months.
The typical dwelling in Albany is a three-bedroom detached home worth about $63,208. To purchase a similar home, a buyer with good credit and a $12,642 cash down payment could obtain a mortgage with a 3.95% interest rate and a $83 monthly payment. The property tax rate is $10.21 per $1,000 of taxable assessed value.
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