Albany, IN housing market
The typical Albany home is worth about $204,000, up 7.3% in a year, 22% below the Indiana typical home.
Home values, sales, trends and how Albany compares with the towns next door — updated as new data is published.
Albany at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Albany | Indiana |
|---|---|---|
| 2017 | $98,000 | $135,000 |
| 2018 | $103,000 | $144,000 |
| 2019 | $108,000 | $154,000 |
| 2020 | $114,000 | $164,000 |
| 2021 | $128,000 | $183,000 |
| 2022 | $150,000 | $209,000 |
| 2023 | $162,000 | $227,000 |
| 2024 | $171,000 | $237,000 |
| 2025 | $185,000 | $249,000 |
| 2026 | $194,000 | $256,000 |
| August 2026 | $204,000 | $260,000 |
2 new homes permitted in 2025
Builders were permitted 2 new homes in Albany in 2025, all single-family houses. That's 0.7 per 1,000 residents, slower than across Indiana (6). Over the past 10 years, Albany has permitted 4 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Albany gained 130 residents while 2 new homes were permitted: about 65 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Indiana: 1.7 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $367,000 |
| 2025 | 2 | 2 | 0 | $734,000 |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 2 | 2 | 0 | $400,000 |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 1 | 1 | 0 | $162,000 |
| 2012 | 1 | 1 | 0 | $173,000 |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 2 | 2 | 0 | $480,000 |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 2 | 2 | 0 | $365,000 |
| 2006 | 5 | 5 | 0 | $600,000 |
| 2005 | 4 | 4 | 0 | $419,000 |
| 2004 | 8 | 8 | 0 | $950,000 |
| 2003 | 8 | 8 | 0 | $950,000 |
| 2002 | 7 | 7 | 0 | $831,000 |
| 2001 | 17 | 17 | 0 | $2.8 million |
| 2000 | 10 | 10 | 0 | $1 million |
How Albany ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
3.5 years of income
The typical Albany home costs about 3.5 years of the town's median household income, about the same as across Indiana (3.6).
How Albany ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $960
HUD's Fair Market Rent for a two-bedroom in Albany is $960 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Albany pay a median of $683, so moving in tends to cost more than staying put. A two-bedroom takes about 20% of the town's median household income.
Studio $730 · 4 bedrooms $1,530
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (47320; Muncie, IN MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Albany
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.