Real Estate Market Update for 31707 (Albany, GA)
Welcome to April's Market Update. Let’s take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 12% from one year earlier, and down 37% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 120-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 100%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 80-thousand dollars. The number of units sold increased 100% year-over-year, and held steady month-over-month. These latest figures are encouraging news for both buyers and sellers, indicating a positive trend in the marketplace. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 31707 (Albany, GA)
Area Information for 31707 (Albany, GA)
  • Population: 24,752
  • Median Age: 35.31 yr
  • Median Commute Time: 17 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 1,319/sq mi
  • Population Change Since 2000: 6.52%
  • Closest Airport: Southwest Georgia Regional
  • Closest College: Albany State University
  • Closest Jr. College: Darton College
  • Median Household Income: $36,706
  • Annual Residential Turnover: 21%
  • Median Home Sales Price: $82,200
  • Closest Major Sports Team: Atlanta Braves
  • Change Avg. Household Income Since 2000: 8.27%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 31707 (Albany, GA)
Median Age: 35.31 Married: 28% Number of Households: 10,922 Households with Children: 2,473
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 31707 (Albany, GA)

      School Name Distance Type Grades School Rating Parent Rating
      Westover High School 0.6 mi Public 9-12 2 3
      Lake Park Elementary School 0.7 mi Public K-5 4 0
      St. Teresa's School 1.0 mi Catholic PRESCHOOL-8 0 0
      Merry Acres Middle School 1.1 mi Public 6-8 2 0
      West Town Elementary School 1.6 mi Public PRESCHOOL-5 1 0
      Sherwood Acres Elementary School 1.6 mi Public PRESCHOOL-5 1 0
      A School For Children 1.7 mi Private 2-10 0 0
      Deerfield-windsor School 2.0 mi Private PRESCHOOL-12 0 0
      Byne Christian School 2.6 mi Private PRESCHOOL-12 0 0
      Alice Coachman Elementary School 2.6 mi Public K-5 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2015. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 31707 (Albany, GA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.