Albion, NY


Highest Appreciating Albion Neighborhoods Since 2000

Albion, NY Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Albion Housing Market Information

With a population of 5,998, 2,409 total housing units (homes and apartments), and a median house value of $81,500, house prices in Albion are some of the most affordable in New York as well as the nation.

Single-family detached homes are the single most common housing type in Albion, accounting for 44.32% of the village's housing units. Other types of housing that are prevalent in Albion include duplexes, homes converted to apartments or other small apartment buildings ( 24.15%), large apartment complexes or high rise apartments ( 18.03%), and a few mobile homes or trailers ( 11.59%).

People in Albion primarily live in small (one, two or no bedroom) single-family detached homes. Albion has a mixture of owner-occupied and renter-occupied housing.

The housing in Albion was primarily built before 1939 ( 59.74%), making the housing stock in Albion some of the oldest overall in America, although there is a range of ages of homes in Albion. The next most important housing age is between 1970-1999 ( 24.40%), followed by between 1940-1969 ( 14.05%). There's also some housing in Albion built between 2000 and later ( 1.81%).

Vacant housing appears to be an issue in Albion. Fully 12.78% of the housing stock is classified as vacant. Left unchecked, vacant Albion homes and apartments can be a drag on the real estate market, holding Albion real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Albion Home Appreciation Rates

Appreciation rates for homes in Albion have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.66%, which ranks in the top 30% nationwide. This equates to an annual average Albion house appreciation rate of 1.20%.

Over the last year, Albion appreciation rates have trailed the rest of the nation. In the last twelve months, Albion's appreciation rate has been -0.13%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Albion were at -0.57%, which equates to an annual appreciation rate of -2.26%.

Notably, Albion's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New York, our data show that Albion's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.

Average Home Values


Median Home Value:


Value Range
> $1,058,000 0.0
$793,001 - $1,058,000 1.3
$530,001 - $793,000 1.0
$423,001 - $530,000 0.0
$317,001 - $423,000 0.0
$212,001 - $317,000 0.4
$106,001 - $212,000 29.3
$53,001 - $106,000 51.9
$0 - $53,000 16.0

Very Low for NY
Very Low for Nation

Value Relative to Nation Value Relative to State
89.5347474510723 95.3984287317621

Number Of Homes And Apartments:

Albion Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
16.28% 0.88% 1 2
* 10 is highest

Rent & Ownership


Average Market Rent:
$750 / per month

Homeownership Rate

Owners 52.31
Renters 47.69
Vacant 12.78

Housing Market Details


Age of Homes

2000 or Newer 1.8
1970 - 1999 24.4
1940 - 1969 14.0
1939 or Older 59.7

Types of Homes

Single-Family 44.3
Townhomes 1.9
Small Apt. Buildings 24.1
Apt. Complexes 18.0
Mobile Homes 11.6
Other 0.0

Home Size

No Bedroom 12.74
1 Bedroom 9.09
2 Bedrooms 28.96
3 Bedrooms 26.72
4 Bedrooms 16.55
5 or more bedrooms 5.94

Popular Neighborhoods in Albion

Zip Codes in Albion, NY