Much like nearby areas, it is a lot less expensive compared to the rest of the country. It is significantly less expensive compared to the city of Kansas City.
Home prices
The median home value in Albany is $73,500. Compared to nearby areas it is roughly $2,740 (3%) higher.In comparison to the entire nation it is approximately $144,000 (66%) lower, and is roughly $81,100 (52%) lower compared to the city of Kansas City.
Rents
The median rent in Albany is $532 a month. In comparison to other places in this area this is about $10 (1%) lower.It is approximately $530 (49%) lower compared to the country as a whole, and compared to the city of Kansas City is roughly $409 (43%) lower.
Nearby places
New Hampton
New Hampton is approximately 6 miles east of Albany. The housing prices there are a lot less expensive. The median home in New Hampton costs $38,300, which comes out to $35,200 (91%) lower than Albany. Its rents are fairly similar. New Hampton's median rent is $513 per month, which comes out to $19 (3%) lower than Albany.
Stanberry
Stanberry is about 9 miles west of Albany. The housing prices there are somewhat more expensive. The median home cost in Stanberry is $88,800, which is $15,300 (17%) higher than Albany. Rents there are pretty similar. Stanberry's median monthly rent is $539, which comes out to $7 (1%) higher than Albany.
Bethany
Bethany is roughly 13 miles east from Albany. The real estate prices there are similar. The median home cost in Bethany is $75,400, which is $1,900 (2%) higher than Albany. Rent there is somewhat less expensive. The median monthly rent in Bethany is $482, which comes out to $50 (10%) lower than Albany.
Pattonsburg
Pattonsburg is approximately 15 miles southeast from Albany. Housing prices there are a bit less expensive. The median home in Pattonsburg costs $63,300, which is $10,200 (16%) lower than Albany. Rent there is a little less expensive. The median rent in Pattonsburg is $475 a month, which is $57 (12%) lower than Albany.
King City
King City is about 15 miles southwest of Albany. Housing prices there are somewhat more expensive. The median home in King City costs $88,000, which comes out to $14,500 (16%) higher than Albany. Its rents are a little more expensive. The median monthly rent in King City is $702, which is $170 (24%) higher than Albany.
