New Albany is a somewhat small village located in the state of Ohio. With a population of 9,202 people and two constituent neighborhoods, New Albany is the 202nd largest community in Ohio. There's nothing like the smell of a brand new house, and in New Albany, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to New Albany, and putting down their money on brand new construction. New Albany’s real estate is, on average, some of the newest in the nation. New Albany does seem to be experiencing an influx of affluent people, because the median household income is $179,405.
New Albany home prices are not only among the most expensive in Ohio, but New Albany real estate also consistently ranks among the most expensive in America.
New Albany is a decidedly white-collar village, with fully 91.41% of the workforce employed in white-collar jobs, well above the national average. Overall, New Albany is a village of managers, professionals and sales and office workers. There are especially a lot of people living in New Albany who work in management occupations (26.60%), business and financial occupations (12.91%) and sales jobs (10.66%).
Also of interest is that New Albany has more people living here who work in computers and math than 95% of the places in the US.
In addition, New Albany is home to many people who could be described as "urban sophisticates". Urban sophisticates are educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.
Because of many things, New Albany is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, New Albany really has some of the features that families look for when choosing a good community to raise children. Is New Albany perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
As is often the case in a small village, New Albany doesn't have a public transportation system that people use for their commute.
If knowledge is power, New Albany is a pretty powerful place. 76.22% of the adults in New Albany have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in New Albany in 2010 was $78,875, which is wealthy relative to Ohio and the nation. This equates to an annual income of $315,500 for a family of four.
New Albany is a somewhat ethnically-diverse village. The people who call New Albany home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of New Albany residents report their race to be White, followed by Asian. Important ancestries of people in New Albany include German, Irish, Italian, English, Polish and Russian.
The most common language spoken in New Albany is English. Some people also speak Spanish.
|NEW ALBANY INFORMATION||DETAILS|
|NUMBER OF HOMES AND APARTMENTS||2,594|
|NEW ALBANY HOME OWNERSHIP|
|% OWNER OCCUPIED||93.02%|
|% RENTER OCCUPIED||6.98%|
|TYPE OF NEW ALBANY HOMES|
|SINGLE FAMILY DETACHED||92.05%|
|ROWHOUSES AND ATTACHED HOMES||3.97%|
|SMALL APARTMENT BUILDINGS||0.00%|
|COMPLEXES OR HIGH RISE APARTMENTS||3.97%|
|SIZE OF NEW ALBANY HOMES|
|5 OR MORE BEDROOMS||19.80%|
|AGE OF NEW ALBANY HOMES|
|NEWER HOMES (2000 OR LATER)||59.36%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||35.44%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||4.26%|
|HISTORIC (1939 OR BEFORE)||0.94%|
|NEW ALBANY REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$517,486|
|MEDIAN RENTAL PRICE||$1,460|
|HOME VALUE RANGE|
|$0 - $57,000||0.00%|
|$57,001 - $114,000||0.95%|
|$114,001 - $228,000||5.26%|
|$228,001 - $342,000||18.36%|
|$342,001 - $457,000||11.77%|
|$457,001 - $571,000||17.70%|
|$571,001 - $856,000||31.00%|
|$856,001 - $1,142,000||8.00%|
|PEOPLE OF NEW ALBANY||DETAILS|
|UNDER 5 YEARS||4.43%|
|5 TO 17||32.17%|
|18 TO 24||2.61%|
|25 TO 34||6.54%|
|35 TO 54||36.06%|
|55 TO 64||10.37%|
|65 YEARS AND OVER||7.82%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||99.03%|
|MEDIAN HOUSEHOLD INCOME||$179,405|
|PER CAPITA INCOME||$78,875|
|INDIVIDUALS BELOW POVERTY LEVEL||1.51%|
|INDUSTRIES PEOPLE WORK IN||Retail (16.66%)
Professional, scientific, and technical services (9.44%)
Real estate (7.27%)
Public Service (5.45%)
Information Technology (2.23%)
|BLACK OR AFRICAN AMERICAN||1.84%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.00%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||1.44%|
|TWO OR MORE RACES||5.89%|
|HISPANIC OR LATINO (OF ANY RACE)||1.76%|
|ETHNICITIES PRESENT||German (26.86%)
|LANGUAGES SPOKEN||English (88.78%)
Other Asian languages (1.14%)
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