Much like the surrounding areas, it is significantly less expensive compared to the entire nation. Compared to the city of Rockford however, it's somewhat more expensive.
Home prices
The value of the median home in Albany is $118,100. Compared to the surrounding areas this is about $3,040 (2%) higher.In comparison to the entire country it is roughly $99,400 (45%) lower, and in comparison to the city of Rockford it is roughly $26,500 (28%) higher.
Rents
The median monthly rent in Albany is $755. In comparison to other places in this area it is roughly $49 (7%) higher.It is approximately $307 (28%) lower compared to the entire nation, and in comparison to the city of Rockford is approximately $17 (2%) lower.
Nearby places
Camanche
Camanche is about 2 miles west from Albany. The real estate prices there are a bit more expensive. The median home value in Camanche is $125,100, which comes out to $7,000 (5%) higher than Albany. Rent there is somewhat less expensive. In Camanche the median monthly rent is $630, which works out to $125 (19%) lower than Albany.
Clinton
Clinton is approximately 3 miles north of Albany. The real estate prices there are somewhat less expensive. Clinton's median home price is $99,500, which is $18,600 (18%) lower than Albany. Rent there is somewhat less expensive. The median rent in Clinton is $687 per month, which works out to $68 (9%) lower than Albany.
Fulton
Fulton is approximately 5 miles northeast from Albany. Its housing prices are pretty similar. The median home in Fulton is valued at $114,100, which is $4,000 (3%) lower than Albany. Its rents are a little less expensive. Fulton's median rent is $676 per month, which works out to $79 (11%) lower than Albany.
Low Moor
Low Moor is approximately 6 miles west from Albany. Its real estate prices are a little less expensive. The price of the median home in Low Moor is $93,500, which works out to $24,600 (26%) lower than Albany. The rent there is fairly similar. The median rent in Low Moor is $775 a month, which is $20 (2%) higher than Albany.
Cordova
Cordova is approximately 8 miles southwest from Albany. Its real estate prices are a little more expensive. The value of the median home in Cordova is $143,100, which works out to $25,000 (17%) higher than Albany. Its rents are fairly similar. Cordova's median monthly rent is $760, which is very similar to Albany.
