New Albany, OH Real Estate
According to census data in the year 2000 there were 1,425 housing units in New Albany.
This represents a 125.1% growth from 633 in 1990.
Of those housing units, 1,159 were located in either urbanized areas or urban clusters, and 266 were located in what is classified as a rural area.
Homeownership rate in New Albany is about 83.5%.
New Albany's vacancy rate, including seasonal lodging, is about 11.5%.
Average household size is 2.88 people.
The majority of houses, apartments or condos in New Albany were built after 1995.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 4.40% |
| Two Bedrooms | 10.80% |
| Three Bedrooms | 30.60% |
| Four Bedrooms | 39.90% |
| Five Bedrooms or more | 14% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.04 |
| Median year structure was built | 1995 |
| Median Value of occupied units | $452,900 |
| Median Price asked for vacant units | $242,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.08 |
| Median year structure was built | 1995 |
| Median Monthly Rent asked for vacant units | $950 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1.10% |
| Second Mortgage | 11.70% |
| Home Equity Loan | 17% |
| Simple Mortgage | 53.80% |
| Debt Free | 16.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.2% |
