Home prices
The median home cost in New Albany is $122,800. In comparison to its surrounding areas this is approximately $19,340 (13%) lower.Compared to the rest of the nation it is roughly $94,700 (43%) lower, and in comparison to the city of Lexington-Fayette is approximately $67,000 (35%) lower.
Rents
In New Albany the median monthly rent is $784. This is roughly $43 (5%) lower in comparison to nearby areas.It is roughly $278 (26%) lower in comparison to the US as a whole, and in comparison to the city of Lexington-Fayette is about $112 (12%) lower.
Nearby places
Clarksville
Clarksville is New Albany's neighbor to the east. The real estate prices there are fairly similar. The median home in Clarksville is valued at $119,300, which is $3,500 (2%) lower than New Albany. Its rents are similar. In Clarksville the median rent is $821 per month, which is $37 (4%) higher than New Albany.
Jeffersonville
Jeffersonville is approximately 6 miles east of New Albany. Its real estate prices are a bit more expensive. The median home price in Jeffersonville is $136,900, which is $14,100 (10%) higher than New Albany. The rent there is a little more expensive. In Jeffersonville the median rent is $856 per month, which is $72 (8%) higher than New Albany.
Georgetown
Georgetown is approximately 6 miles west of New Albany. The real estate prices there are a lot more expensive. The median home in Georgetown costs $193,200, which works out to $70,400 (36%) higher than New Albany. Rent there is fairly similar. The median monthly rent in Georgetown is $764, which comes out to $20 (2%) lower than New Albany.
Sellersburg
Sellersburg is roughly 6 miles north of New Albany. The real estate prices there are a little more expensive. The median home in Sellersburg is valued at $154,300, which is $31,500 (20%) higher than New Albany. Rents there are a bit more expensive. The median monthly rent in Sellersburg is $999, which comes out to $215 (21%) higher than New Albany.
Shively
Shively is approximately 7 miles south from New Albany. The housing prices there are a bit less expensive. Shively's median home cost is $107,000, which is $15,800 (14%) lower than New Albany. Rent there is somewhat less expensive. Shively's median monthly rent is $697, which comes out to $87 (12%) lower than New Albany.
