Albany, OR Real Estate
According to census data in the year 2000 there were 17,389 housing units in Albany.
This represents a 41.1% growth from 12,322 in 1990.
Of those housing units, 17,365 were located in either urbanized areas or urban clusters, and 24 were located in what is classified as a rural area.
Homeownership rate in Albany is about 59.4%.
Albany's vacancy rate, including seasonal lodging, is about 7.2%.
Average household size is 2.49 people.
The majority of houses, apartments or condos in Albany were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.70% |
| One Bedroom | 12.30% |
| Two Bedrooms | 32.30% |
| Three Bedrooms | 40.90% |
| Four Bedrooms | 9.60% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.6 |
| Median year structure was built | 1972 |
| Median Value of occupied units | $132,600 |
| Median Price asked for vacant units | $109,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.33 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $513 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 11% |
| Home Equity Loan | 10.50% |
| Simple Mortgage | 56.30% |
| Debt Free | 22.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.7% |
