New Albany, MS housing market
The typical New Albany home is worth about $211,000, up 8% in a year, 7% above the Mississippi typical home.
Home values, sales, trends and how New Albany compares with the towns next door — updated as new data is published.
New Albany at a glance
Typical home value, 2016–2026
Show as a table
| January | New Albany | Mississippi |
|---|---|---|
| 2017 | $138,000 | $138,000 |
| 2018 | $144,000 | $140,000 |
| 2019 | $145,000 | $144,000 |
| 2020 | $153,000 | $150,000 |
| 2021 | $168,000 | $162,000 |
| 2022 | $192,000 | $185,000 |
| 2023 | $191,000 | $188,000 |
| 2024 | $182,000 | $188,000 |
| 2025 | $197,000 | $195,000 |
| 2026 | $202,000 | $195,000 |
| August 2026 | $211,000 | $198,000 |
27 new homes permitted in 2025
Builders were permitted 27 new homes in New Albany in 2025: 25 single-family houses and 2 in buildings with two or more homes, worth about $6.9 million to build. That's 3.5 per 1,000 residents, about the pace of Mississippi as a whole. Over the past 10 years, New Albany has permitted 169 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, New Albany's population fell by 408 even though 357 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year.
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) | 17 | 17 | 0 | $3.3 million |
| 2025 | 27 | 25 | 2 | $6.9 million |
| 2024 | 17 | 17 | 0 | $3.7 million |
| 2023 | 21 | 9 | 12 | $4.3 million |
| 2022 | 20 | 20 | 0 | $4.4 million |
| 2021 | 19 | 17 | 2 | $3.5 million |
| 2020 | 11 | 11 | 0 | $1.6 million |
| 2019 | 16 | 12 | 4 | $2.3 million |
| 2018 | 9 | 9 | 0 | $1.8 million |
| 2017 | 15 | 13 | 2 | $1.9 million |
| 2016 | 14 | 14 | 0 | $2.1 million |
| 2015 | 7 | 7 | 0 | $1.1 million |
| 2014 | 19 | 5 | 14 | $1.8 million |
| 2013 | 102 | 6 | 96 | $8.1 million |
| 2012 | 103 | 5 | 98 | $8 million |
| 2011 | 70 | 4 | 66 | $5.6 million |
| 2010 | 2 | 2 | 0 | $895,000 |
| 2009 | 5 | 5 | 0 | $750,000 |
| 2008 | 21 | 21 | 0 | $3.1 million |
| 2007 | 40 | 40 | 0 | $5.9 million |
| 2006 | 40 | 40 | 0 | $4.9 million |
| 2005 | 33 | 33 | 0 | $3.9 million |
| 2004 | 14 | 14 | 0 | $1.6 million |
| 2003 | 17 | 15 | 2 | $1.6 million |
| 2002 | 24 | 24 | 0 | $2.4 million |
| 2001 | 20 | 20 | 0 | $1.8 million |
| 2000 | 16 | 16 | 0 | $1.4 million |
How New 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.
4.1 years of income
The typical New Albany home costs about 4.1 years of the town's median household income, more than across Mississippi (3.5 years).
How New 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 $900
HUD's Fair Market Rent for a two-bedroom in New Albany is $900 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in New Albany pay a median of $973. A two-bedroom takes about 21% of the town's median household income.
Studio $770 · 4 bedrooms $1,360
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (38652; Pontotoc County, MS), 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.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. 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.