Median real estate price in the City Center of New Albany is $139,508, which is more expensive than 81.1% of the neighborhoods in Mississippi and 33.7% of the neighborhoods in the U.S.
The average rental price in New Albany City Center is currently $899, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 60.2% of the neighborhoods in Mississippi.
New Albany City Center is a suburban neighborhood (based on population density) located in New Albany, Mississippi.
Real estate in the City Center of New Albany, MS is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the City Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
New Albany City Center has a 11.8% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 62.8% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.