Home prices
The median home cost in Albany is $226,200. In comparison to nearby areas this is about $41,840 (15%) lower.Compared to the rest of the nation it is about $8,700 (4%) higher, and compared to the city of Portland it is approximately $185,800 (45%) lower.
Rents
The median rent in Albany is $966 a month. In comparison to other places in this area it is about $235 (19%) lower.In comparison to the rest of the country it is approximately $96 (9%) lower, and is approximately $282 (22%) lower in comparison to the city of Portland.
Nearby places
Millersburg
Millersburg is Albany's neighbor to the north. The housing prices there are substantially more expensive. Millersburg's median home price is $350,000, which comes out to $123,800 (35%) higher than Albany. Rent there is a little more expensive. Millersburg's median monthly rent is $1,297, which works out to $331 (25%) higher than Albany.
Tangent
Tangent is about 5 miles south from Albany. Real estate prices there are somewhat more expensive. The cost of the median home in Tangent is $240,100, which is $13,900 (5%) higher than Albany. Its rents are a bit more expensive. In Tangent the median monthly rent is $1,293, which comes out to $327 (25%) higher than Albany.
Adair Village
Adair Village is approximately 5 miles northwest from Albany. Housing prices there are fairly similar. The median home in Adair Village costs $225,500, which is very similar to Albany. Rent there is significantly more expensive. In Adair Village the median rent is $1,455 per month, which comes out to $489 (33%) higher than Albany.
Jefferson
Jefferson is roughly 6 miles northeast of Albany. Housing prices there are a bit less expensive. Jefferson's median home cost is $194,100, which is $32,100 (16%) lower than Albany. Rents there are a bit less expensive. The median monthly rent in Jefferson is $867, which is $99 (11%) lower than Albany.
Corvallis
Corvallis is about 8 miles southwest of Albany. Its real estate prices are a little more expensive. The median home value in Corvallis is $330,500, which comes out to $104,300 (31%) higher than Albany. Rents there are a bit more expensive. The median rent in Corvallis is $1,091 a month, which works out to $125 (11%) higher than Albany.
