Home prices
The median home cost in New Albany is $121,900. This is about $33,380 (37%) higher compared to nearby areas.It is roughly $95,600 (43%) lower in comparison to the country as a whole, and in comparison to the city of Memphis it is approximately $20,100 (19%) higher.
Rents
New Albany's median monthly rent is $754. Compared to the surrounding areas it is roughly $169 (28%) higher.Compared to the US as a whole it is roughly $308 (29%) lower, and compared to the city of Memphis is approximately $147 (16%) lower.
Nearby places
Myrtle
Myrtle is roughly 7 miles northwest from New Albany. Real estate prices there are substantially less expensive. Myrtle's median home cost is $88,300, which comes out to $33,600 (38%) lower than New Albany. The rent there is a little less expensive. In Myrtle the median rent is $669 a month, which is $85 (12%) lower than New Albany.
Blue Springs
Blue Springs is about 9 miles southeast of New Albany. Its real estate prices are substantially less expensive. The median home in Blue Springs is valued at $77,500, which comes out to $44,400 (57%) lower than New Albany. Its rents are somewhat less expensive. In Blue Springs the median rent is $591 per month, which works out to $163 (27%) lower than New Albany.
Ecru
Ecru is approximately 9 miles south from New Albany. Real estate prices there are a bit less expensive. Ecru's median home price is $95,500, which is $26,400 (27%) lower than New Albany. The rent there is somewhat less expensive. In Ecru the median rent is $628 per month, which is $126 (20%) lower than New Albany.
Hickory Flat
Hickory Flat is roughly 12 miles northwest of New Albany. Real estate prices there are significantly less expensive. The median home in Hickory Flat is valued at $80,300, which is $41,600 (51%) lower than New Albany. The rent there is significantly less expensive. The median monthly rent in Hickory Flat is $475, which works out to $279 (58%) lower than New Albany.
Sherman
Sherman is approximately 13 miles southeast of New Albany. Its housing prices are a little less expensive. The median home value in Sherman is $101,000, which is $20,900 (20%) lower than New Albany. The rent there is a lot less expensive. Sherman's median rent is $563 per month, which is $191 (33%) lower than New Albany.
