According to statistics, the population in Albany, GA amounts to 74,892, which shows decline -1% compared to the previous year. The median age of the city’s residents is 34. The average household income is $31,843, shifting growth 2% from the past year, and the average property value in Albany, GA growth 1% to $101,000 throughout the year.
|Number Of Employees||27,862|
|Median Property Value||$101,000|
The average household income in Albany, GA grew from $31,263 to $31,843 in the past year. This data is an estimate based upon 28,496 households in Albany, GA . The chart below presents how household income is distributed in Albany, GA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Albany, GA shifted from $99,600 to $101,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Albany, GA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Albany, GA properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Albany, GA compared to median property taxes around the country. The prevalent amount of property taxes in Albany, GA equals $1150, which is less than the national average.
During Oct 2022, the average price for an apartment in/near Albany, GA increased by 5.3% to $149,392.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $150,000 with no changes this month. Asking price for 2-bed apartment also decreased by 15.6% and a place of this size will now cost you $81,199. A 3-bed apartment goes for $131,849, it decreased by 1.9% lately. We discerned the rise of 4- and more bed apartment price. It increased by 5.6% and made it up to $228,394.
Price reports demonstrate that house price decreased by 1.4% this month making it up to $153,559. Condos are really in demand in this season. The median price for a condo increased by 221.9%, it’s now available for $183,317. An average value of duplex is $131,666, thus a median price for a duplex remains the same this month. The property value of townhouses decreased by 34.5%, you’ll have to spend around $95,000 to get one.