According to statistics, the population in Albany, KY amounts to 2,083, which shows growth 7% compared to the previous year. The median age of the city’s residents is 46. The average household income is $20,290, shifting growth 4% from the past year, and the average property value in Albany, KY growth 4% to $70,100 throughout the year.
|Number Of Employees||694|
|Median Property Value||$70,100|
The average household income in Albany, KY grew from $19,474 to $20,290 in the past year. This data is an estimate based upon 898 households in Albany, KY . The chart below presents how household income is distributed in Albany, KY in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Albany, KY shifted from $67,500 to $70,100 throughout the year. The subsequent graph indicates the share of properties in the given price range in Albany, KY in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Albany, KY properties falls in the '$70,000 to $79,999' 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, KY compared to median property taxes around the country. The prevalent amount of property taxes in Albany, KY equals $800, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$147,250||-10.5%|
|2 bed for sale||$145,225||-75.2%|
|3 bed for sale||$152,542||-46.7%|
|4+ bed for sale||$155,769||+29.4%|
During Jul 2022, the average price for an apartment in/near Albany, KY decreased by 27.3% to $152,623.
Asking price for 2-bed apartment also decreased by 75.2% and a place of this size will now cost you $145,225. A 3-bed apartment goes for $152,542, it decreased by 46.7% lately. We discerned the rise of 4- and more bed apartment price. It increased by 29.4% and made it up to $155,769.
|Listing Type||Jul||vs Last Month|
|Townhouses for sale||$146,250||-54.9%|
|Land for sale||$155,769||+106.2%|
|Houses for sale||$150,911||-46.7%|
Price reports demonstrate that house price decreased by 46.7% this month making it up to $150,911. The property value of townhouses decreased by 54.9%, you’ll have to spend around $146,250 to get one.