Much like nearby areas, it is a lot less expensive compared to the United States as a whole. However compared to the city of Columbus, it is a bit less expensive.
Home prices
The value of the median home in Albany is $111,900. Compared to its surrounding areas this is is very similar.It is roughly $105,600 (48%) lower compared to the entire country, and is about $39,700 (26%) lower compared to the city of Columbus.
Rents
The median monthly rent in Albany is $725. It is approximately $69 (8%) lower in comparison to other places in this area.In comparison to the US as a whole it is about $337 (31%) lower, and in comparison to the city of Columbus it is approximately $236 (24%) lower.
Nearby places
Athens
Athens is roughly 8 miles northeast from Albany. Its housing prices are significantly more expensive. Athens's median home cost is $191,700, which comes out to $79,800 (41%) higher than Albany. The rent there is a bit more expensive. The median rent in Athens is $875 per month, which is $150 (17%) higher than Albany.
Zaleski
Zaleski is about 9 miles northwest of Albany. The housing prices there are a lot less expensive. The median home in Zaleski is valued at $82,000, which comes out to $29,900 (36%) lower than Albany. Rent there is somewhat more expensive. In Zaleski the median rent is $907 a month, which works out to $182 (20%) higher than Albany.
The Plains
The Plains is roughly 10 miles north from Albany. The real estate prices there are a little more expensive. The median home in The Plains costs $151,100, which comes out to $39,200 (25%) higher than Albany. Its rents are pretty similar. The median rent in The Plains is $759 a month, which comes out to $34 (4%) higher than Albany.
Chauncey
Chauncey is roughly 12 miles north from Albany. Real estate prices there are significantly less expensive. The median home in Chauncey costs $62,100, which works out to $49,800 (80%) lower than Albany. The rent there is somewhat less expensive. In Chauncey the median rent is $631 per month, which is $94 (14%) lower than Albany.
Rutland
Rutland is about 13 miles south of Albany. Its housing prices are substantially less expensive. Rutland's median home cost is $70,600, which is $41,300 (58%) lower than Albany. Its rents are a little more expensive. In Rutland the median monthly rent is $800, which works out to $75 (9%) higher than Albany.
