Albany, IN Real Estate
According to census data in the year 2000 there were 1,059 housing units in Albany.
This represents a 6.3% growth from 996 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 1,059 were located in what is classified as a rural area.
Homeownership rate in Albany is about 71.6%.
Albany's vacancy rate, including seasonal lodging, is about 8.4%.
Average household size is 2.37 people.
The majority of houses, apartments or condos in Albany were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.80% |
| One Bedroom | 11.50% |
| Two Bedrooms | 31.10% |
| Three Bedrooms | 45.50% |
| Four Bedrooms | 8.90% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.6 |
| Median year structure was built | 1954 |
| Median Value of occupied units | $65,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.77 |
| Median year structure was built | 1962 |
| Median Monthly Rent asked for vacant units | $195 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.50% |
| Home Equity Loan | 3.50% |
| Simple Mortgage | 53.40% |
| Debt Free | 36.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.2% |
