New Albany is a somewhat small village located in the state of Ohio. With a population of 9,879 people and two constituent neighborhoods, New Albany is the 202nd largest community in Ohio. Much of the housing stock in New Albany was built relatively recently. The construction of new real estate can often be taken as an indication that the local New Albany economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in New Albany, where 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", which are people who are not only wealthy and employed in professional occupations, but highly educated to boot. Urban sophisticates have urbane tastes - whether they reside in a big or small city, a suburb, or a little town. Urban sophisticates support bookstores, quality clothing stores, enjoy luxury travel, and in big cities, they are truly the patrons of the arts, attending and supporting institutions such as opera, symphony, ballet, and theatre.
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.
Do you like to read, write and learn? If you move to New Albany, you'll likely find that many of your neighbors like to as well. New Albany is one of the more educated communities in America, with a full 76.22% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.
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||$443,572|
|MEDIAN RENTAL PRICE||$1,767|
|HOME VALUE RANGE|
|$0 - $54,000||0.00%|
|$54,001 - $109,000||0.95%|
|$109,001 - $218,000||5.26%|
|$218,001 - $327,000||18.36%|
|$327,001 - $436,000||11.77%|
|$436,001 - $544,000||17.70%|
|$544,001 - $817,000||31.00%|
|$817,001 - $1,089,000||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%)
Get matched with a pre-screened, customer-rated real estate agent and receive up to $2,000 or more when you buy or sell.
Get the Ultimate Agent…
We screen Real Estate Professionals according to rigorous sales and service benchmarks, and we constantly survey our customers to make sure that Brokers in our elite network are meeting your highest standards. We guarantee it.†
…Plus a Cash Award
How much cash could I get?
Select an option below. You'll hear from us within 1 business hour.
Copyright © 2000-2016 Location Inc®. All the trademarks displayed on this page are the property of Location, Inc®. The NeighborhoodScout® search engine is covered under US Patents No. 7,043,501 and 7,680,859. Our nationally-comparable school ratings are covered under US Patent No. 8,376,755. Other US patent applications are currently pending.