New Albany OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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New Albany, OH 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 Q2 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

New Albany Housing Market Information

With a population of 10,718, 3,242 total housing units (homes and apartments), and a median house value of $681,602, New Albany house prices are not only among the most expensive in Ohio, New Albany real estate also is some of the most expensive in all of America.

New Albany is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in New Albany than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in New Albany. Owner-occupied housing accounts for 85.87% of New Albany's homes, and 61.90% have either three or four bedrooms, which is average sized relative to America.

New Albany homes and real estate are some of the newest in America. 66.33% of New Albany's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the New Albany real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 26.92%), and between 1940-1969 ( 5.87%).

New Albany Home Appreciation Rates

In the last 10 years, New Albany has experienced some of the highest home appreciation rates of any community in the nation. New Albany real estate appreciated 42.92% over the last ten years, which is an average annual home appreciation rate of 3.64%, putting New Albany in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, New Albany definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, New Albany appreciation rates have trailed the rest of the nation. In the last twelve months, New Albany's appreciation rate has been 1.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in New Albany were at 0.84%, which equates to an annual appreciation rate of 3.41%.

Relative to Ohio, our data show that New Albany's latest annual appreciation rate is lower than 70% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$681,602

New Albany, OH HOME PRICES

Value Range
> $1,251,000 7.6
$938,001 - $1,251,000 9.4
$626,001 - $938,000 20.7
$500,001 - $626,000 14.5
$375,001 - $500,000 24.9
$250,001 - $375,000 16.1
$125,001 - $250,000 4.9
$63,001 - $125,000 1.1
$0 - $63,000 0.8

Very High for OH
Very High for Nation

Value Relative to Nation Value Relative to State
3.47445255474453 0.26246719160105

Number Of Homes And Apartments:
3,242

New Albany Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
65.07% 2.60%
10
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,773 / per month

Homeownership Rate

Homeownership
Owners 85.87
Renters 14.13
Vacant 4.84

Housing Market Details

 

Age of Homes

AGE OF New Albany HOMES
2000 or Newer 66.3
1970 - 1999 26.9
1940 - 1969 5.9
1939 or Older 0.9

Types of Homes

TYPE OF New Albany HOMES
Single-Family 84.2
Townhomes 4.2
Small Apt. Buildings 3.3
Apt. Complexes 7.6
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF New Albany HOMES
No Bedroom 0.23
1 Bedroom 0.91
2 Bedrooms 14.85
3 Bedrooms 26.42
4 Bedrooms 35.49
5 or more bedrooms 22.10

Popular Neighborhoods in New Albany

Zip Codes in New Albany, OH