Real Estate Market Update for Albany, GA
Welcome to January's Market Update. Let’s take a look at residential real-estate activity in your area during the month of December. The number of active listings was up 60% from one year earlier, and down 5% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. 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 up nearly 125%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 130-thousand dollars. The number of units sold increased more than 200% year-over-year, and increased 44% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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: 74,968
  • Median Age: 32.92 yr
  • Median Commute Time: 18 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 1,360/sq mi
  • Population Change Since 2000: -2.06%
  • Closest Airport: Southwest Georgia Regional
  • Closest College: Albany State University
  • Closest Jr. College: Albany Technical College
  • Median Household Income: $30,262
  • Annual Residential Turnover: 20%
  • Median Home Sales Price: $86,500
  • Closest Major Sports Team: Atlanta Braves
  • Change Avg. Household Income Since 2000: 11.71%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Albany, GA
Median Age: 32.92 Married: 25% Number of Households: 28,970 Households with Children: 7,850
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 GreatSchools Rating Parent Rating
      Martin Luther King- Jr. Elementary School 0.7 mi Public K-5 3 0
      Radium Springs Middle School 0.9 mi Public 6-8 1 4
      Radium Springs Elementary School 0.9 mi Public PRESCHOOL-5 2-5 4
      New Birth Fellowship Christian Academy 1.1 mi Private PRESCHOOL-PRESCHOOL 0 0
      Lamar Reese School Of The Arts 1.7 mi Public K-5 2 3
      Morningside Elementary School 1.7 mi Public K-5 1 4
      Albany's Jack & Jill Nursery & Kindergarten 2.3 mi Private PRESCHOOL-K 0 0
      Southside Middle School 2.5 mi Public 6-8 0 4
      Monroe High School 2.6 mi Public 9-12 1 4
      Alice Coachman Elementary School 3.1 mi Public K-5 1 0
      International Studies Elementary Charter School 3.2 mi Public K-5 3-5 4
      Dougherty Comprehensive High School 3.5 mi Public 9-12 1 4
      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 1 2
      Lincoln Elementary Magnet School 4.1 mi Public 1-5 4-5 4
      Turner Elementary School 4.2 mi Public K-5 0 0
      Jackson Heights Elementary School 4.2 mi Public K-5 2 2
      West Town Elementary School 4.3 mi Public PRESCHOOL-5 2-5 5
      St. Teresa's School 4.6 mi Catholic PRESCHOOL-8 0 5
      Albany Middle School 4.8 mi Public 6-8 2 5
      Merry Acres Middle School 4.8 mi Public 6-8 3-5 3
      Northside Elementary School 5.7 mi Public K-5 0 4
      Sherwood Christian Academy 5.7 mi Private PRESCHOOL-12 0 5
      Lake Park Elementary School 5.9 mi Public K-5 0 4
      Westover High School 6.0 mi Public 9-12 1 4
      Sherwood Acres Elementary School 6.3 mi Public PRESCHOOL-5 2 4
      Robert A. Cross Middle Magnet 6.7 mi Public 6-8 0 4
      Deerfield-windsor School 6.8 mi Private PRESCHOOL-12 0 4
      Darsey Private School 7.3 mi Private 9-12 0 5
      Byne Christian School 7.5 mi Private PRESCHOOL-12 0 5
      Far Horizons Montessori 7.6 mi Private PRESCHOOL-3 0 0
      New Beginning Christian School 8.7 mi Private PRESCHOOL-12 0 4
      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: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for 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.