Home Values in Albany, Georgia — 2026 Market Report
Updated March 2026 | Balanced Market | +6.8% YoY
The median home value in Albany, Georgia is $125,000 as of March 2026, which is below the national median of $400,000. Home values in Albany have increased by 6.8% over the past year and 38.9% over the last five years. With a population of 69,647 and a median household income of $32,250, the price-to-income ratio stands at 3.9x, making Albany affordable for the average household.
Albany Housing Market Conditions
| Metric | Albany | National Avg |
|---|---|---|
| Median Home Value | $125,000 | $400,000 |
| YoY Appreciation | +6.8% | +3.8% |
| 5-Year Appreciation | +38.9% | +22.4% |
| Price per Sq Ft | $50 | $222 |
| Days on Market | 45 days | 45 days |
| Months of Supply | 4.7 | 3.5 |
| List-to-Sale Ratio | 101% | 98.5% |
| Monthly Homes Sold | 62 | — |
| Foreclosure Rate | 0.66% | 0.3% |
Home Value Trends in Albany
A homeowner who purchased at the median price of $89,993 five years ago in Albany would have gained approximately $35,007 in equity, representing a 38.9% return on investment. Over the past year alone, the typical homeowner gained $7,959 in home equity.
Affordability in Albany, GA
With a median household income of $32,250 and a median home price of $125,000, the price-to-income ratio in Albany is 3.9x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $984 compared to estimated monthly ownership costs of $690 gives a rent-vs-buy ratio of 0.70. In Albany, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Albany
The effective property tax rate in Georgia is 0.92%. On a home valued at $125,000, the estimated annual property tax bill is $1,150, or approximately $96/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Albany is 80.5 (100 = national average), indicating living costs are below the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Albany, GA?
The median home value in Albany, Georgia is $125,000 as of March 2026. Home values have changed +6.8% over the past year, with a 5-year appreciation of 38.9%.
Is Albany a buyer's or seller's market?
Albany is currently a balanced market with 4.7 months of housing supply. Homes spend an average of 45 days on market, and the list-to-sale price ratio is 101%. Supply and demand are relatively balanced.
Are home values going up in Albany?
Yes, home values in Albany have increased by 6.8% over the past year. The 5-year appreciation rate is 38.9%, meaning a home worth $89,993 five years ago is now worth $125,000.
Is it better to rent or buy in Albany?
The average monthly rent in Albany is $984, while estimated monthly homeownership costs are approximately $690. The price-to-rent ratio is 10.6. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other Georgia Cities
Related Resources
Disclaimer: Home value data for Albany, Georgia is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.