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 Type | 0.80% |
| One Bedroom | 10.20% |
| Two Bedrooms | 27.60% |
| Three Bedrooms | 46.30% |
| Four Bedrooms | 13.60% |
| Five Bedrooms or more | 1.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.61 |
| Median year structure was built | 1965 |
| Median Value of occupied units | $82,200 |
| Median Price asked for vacant units | $45,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.52 |
| Median year structure was built | 1952 |
| Median Monthly Rent asked for vacant units | $296 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.80% |
| Second Mortgage | 0.80% |
| Home Equity Loan | 7.30% |
| Simple Mortgage | 51.40% |
| Debt Free | 39.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.1% |
