Real Estate Market Update for Albany, GA
Welcome to November's Market Update. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was down 97% from one year earlier, and up 20% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just over 90-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 100%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The number of units sold decreased 100% year-over-year, and decreased 100% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. 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 Albany, GA
Area Information for Albany, GA
  • Population: 74,471
  • Median Age: 33.1 yr
  • Median Commute Time: 18 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 1,351/sq mi
  • Population Change Since 2000: -2.69%
  • Closest Airport: Southwest Georgia Regional
  • Closest College: Albany State University
  • Closest Jr. College: Albany Technical College
  • Median Household Income: $30,226
  • Annual Residential Turnover: 19%
  • Median Home Sales Price: $85,000
  • Closest Major Sports Team: Georgia Swarm
  • Change Avg. Household Income Since 2000: 9.57%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Albany, GA
Median Age: 33.1 Married: 25% Number of Households: 28,772 Households with Children: 7,793
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 Albany, GA

      School Name Distance Type Grades School Rating Parent Rating
      Martin Luther King- Jr. Elementary School 0.7 mi Public K-5 0 0
      Radium Springs Middle School 0.9 mi Public 6-8 1 0
      Radium Springs Elementary School 1.0 mi Public PRESCHOOL-5 1 0
      New Birth Fellowship Christian Academy 1.1 mi Private PRESCHOOL-PRESCHOOL 0 0
      Morningside Elementary School 1.7 mi Public K-5 0 0
      Lamar Reese School Of The Arts 1.8 mi Public K-5 1 0
      Albany's Jack & Jill Nursery & Kindergarten 2.3 mi Private PRESCHOOL-K 0 0
      Southside Middle School 2.3 mi Public 6-8 0 0
      Monroe High School 2.6 mi Public 9-12 1 4
      Alice Coachman Elementary School 3.1 mi Public K-5 0 0
      International Studies Elementary Charter School 3.2 mi Public K-5 3 0
      Dougherty Comprehensive High School 3.5 mi Public 9-12 1 3
      Albany Early College 3.5 mi Public - 0 0
      South Ga Regional Achievement Center 3.6 mi Public 6-12 0 0
      Emanuel Sda Jr Academy 3.7 mi Private 1-8 0 0
      A School For Children 4.0 mi Private 2-10 0 0
      Albany High School 4.0 mi Public 9-12 2 4
      Lincoln Elementary Magnet School 4.1 mi Public 1-5 3 0
      West Town Elementary School 4.2 mi Public PRESCHOOL-5 1 0
      Turner Elementary School 4.2 mi Public K-5 0 0
      Jackson Heights Elementary School 4.2 mi Public K-5 0 0
      St. Teresa's School 4.6 mi Catholic PRESCHOOL-8 0 0
      Merry Acres Middle School 4.8 mi Public 6-8 1 0
      Albany Middle School 4.8 mi Public 6-8 1 0
      Northside Elementary School 5.6 mi Public K-5 0 0
      Sherwood Christian Academy 5.7 mi Private PRESCHOOL-12 0 0
      Westover High School 6.0 mi Public 9-12 1 3
      Lake Park Elementary School 6.0 mi Public K-5 4 0
      Sherwood Acres Elementary School 6.3 mi Public K-5 1 0
      Deerfield-windsor School 6.9 mi Private PRESCHOOL-12 0 0
      Robert A. Cross Middle Magnet 7.1 mi Public 6-8 4 0
      Darsey Private School 7.3 mi Private 9-12 0 0
      Far Horizons Montessori 7.6 mi Private PRESCHOOL-3 0 0
      Byne Christian School 7.6 mi Private PRESCHOOL-12 0 0
      New Beginning Christian School 8.7 mi Private PRESCHOOL-12 0 0
      Live Oak Elementary School 8.8 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 © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Albany, GA
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.