Much like its nearby areas, it is a lot less expensive compared to the rest of the nation. Compared to the city of New Orleans, it's substantially less expensive.
Home prices
Albany's median home price is $145,600. In comparison to the surrounding areas it is roughly $2,440 (1%) higher.It is roughly $71,900 (33%) lower compared to the nation as a whole, and compared to the city of New Orleans it is approximately $85,900 (37%) lower.
Rents
Albany's median monthly rent is $478. It is approximately $362 (43%) lower compared to other places in this area.In comparison to the country as a whole it is about $584 (54%) lower, and it is about $520 (52%) lower compared to the city of New Orleans.
Nearby places
Natalbany
Natalbany is approximately 6 miles northeast of Albany. The real estate prices there are a bit less expensive. The median home in Natalbany costs $114,800, which is $30,800 (26%) lower than Albany. Rents there are significantly more expensive. In Natalbany the median monthly rent is $846, which comes out to $368 (43%) higher than Albany.
Hammond
Hammond is roughly 6 miles east of Albany. Real estate prices there are a little more expensive. The price of the median home in Hammond is $159,300, which is $13,700 (8%) higher than Albany. Rents there are substantially more expensive. The median monthly rent in Hammond is $796, which comes out to $318 (39%) higher than Albany.
Tickfaw
Tickfaw is approximately 7 miles northeast from Albany. Its housing prices are somewhat less expensive. The price of the median home in Tickfaw is $138,200, which works out to $7,400 (5%) lower than Albany. Rents there are significantly more expensive. In Tickfaw the median rent is $813 a month, which is $335 (41%) higher than Albany.
Livingston
Livingston is roughly 8 miles west from Albany. Real estate prices there are pretty similar. Livingston's median home value is $151,000, which comes out to $5,400 (3%) higher than Albany. Rent there is substantially more expensive. The median rent in Livingston is $845 per month, which comes out to $367 (43%) higher than Albany.
Ponchatoula
Ponchatoula is about 8 miles southeast from Albany. The real estate prices there are similar. The value of the median home in Ponchatoula is $152,500, which is $6,900 (4%) higher than Albany. Rent there is substantially more expensive. Ponchatoula's median monthly rent is $900, which works out to $422 (46%) higher than Albany.
