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Albany, IL Real Estate


According to census data in the year 2000 there were 391 housing units in Albany. This represents a 18.8% growth from 329 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 391 were located in what is classified as a rural area.

Homeownership rate in Albany is about 87.5%. Albany's vacancy rate, including seasonal lodging, is about 10%. Average household size is 2.6 people.

The majority of houses, apartments or condos in Albany were built after 1963.

Statistics

Housing Size

Housing Units by Size
Studio Type0.80%
One Bedroom10.20%
Two Bedrooms27.60%
Three Bedrooms46.30%
Four Bedrooms13.60%
Five Bedrooms or more1.50%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.61
Median year structure was built1965
Median Value of occupied units$82,200
Median Price asked for vacant units$45,000

Rented Homes, Apartments and Condos

Average Household Size2.52
Median year structure was built1952
Median Monthly Rent asked for vacant units$296

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.80%
Second Mortgage0.80%
Home Equity Loan7.30%
Simple Mortgage51.40%
Debt Free39.60%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs15.1%