Home prices
The cost of the median home in Albion is $120,800. Compared to other places in this area it is roughly $34,940 (40%) higher.It is about $96,700 (44%) lower in comparison to the rest of the country, and in comparison to the city of Grand Island is roughly $20,000 (14%) lower.
Rents
The median monthly rent in Albion is $580. This is roughly $53 (8%) lower in comparison to its nearby areas.In comparison to the US as a whole it is roughly $482 (45%) lower, and compared to the city of Grand Island is approximately $187 (24%) lower.
Nearby places
St. Edward
St. Edward is approximately 9 miles southeast from Albion. Its housing prices are significantly less expensive. The median home value in St. Edward is $86,300, which comes out to $34,500 (39%) lower than Albion. Its rents are a bit less expensive. The median rent in St. Edward is $488 a month, which works out to $92 (18%) lower than Albion.
Newman Grove
Newman Grove is about 10 miles east from Albion. Housing prices there are significantly less expensive. The median home in Newman Grove costs $66,700, which is $54,100 (81%) lower than Albion. Rents there are somewhat less expensive. In Newman Grove the median monthly rent is $550, which comes out to $30 (5%) lower than Albion.
Cedar Rapids
Cedar Rapids is about 10 miles southwest of Albion. Its real estate prices are a lot less expensive. The median home in Cedar Rapids is valued at $80,000, which is $40,800 (51%) lower than Albion. Rent there is a bit more expensive. In Cedar Rapids the median rent is $758 per month, which is $178 (23%) higher than Albion.
Petersburg
Petersburg is approximately 11 miles north from Albion. Housing prices there are substantially less expensive. The median home in Petersburg costs $65,000, which is $55,800 (85%) lower than Albion. Rent there is fairly similar. The median rent in Petersburg is $608 a month, which comes out to $28 (4%) higher than Albion.
Lindsay
Lindsay is about 13 miles east of Albion. Real estate prices there are somewhat more expensive. The median home in Lindsay costs $131,300, which is $10,500 (7%) higher than Albion. Rents there are a bit more expensive. Lindsay's median rent is $763 a month, which comes out to $183 (23%) higher than Albion.
