Similar to its nearby areas, it is substantially less expensive compared to the rest of the nation. Compared to the city of Madison, it is significantly less expensive.
Home prices
The median home in Albany costs $131,300. This is roughly $5,660 (4%) lower compared to nearby areas.In comparison to the rest of the country it is roughly $86,200 (39%) lower, and compared to the city of Madison is about $115,000 (46%) lower.
Rents
In Albany the median rent is $697 per month. In comparison to its nearby areas it is roughly $34 (4%) lower.Compared to the rest of the nation it is about $365 (34%) lower, and is approximately $421 (37%) lower in comparison to the city of Madison.
Nearby places
Brodhead
Brodhead is about 6 miles southeast of Albany. The real estate prices there are somewhat less expensive. The cost of the median home in Brodhead is $115,100, which works out to $16,200 (14%) lower than Albany. The rent there is similar. Brodhead's median rent is $727 per month, which comes out to $30 (4%) higher than Albany.
Monticello
Monticello is roughly 7 miles west of Albany. Its housing prices are fairly similar. The price of the median home in Monticello is $136,800, which works out to $5,500 (4%) higher than Albany. Its rents are pretty similar. The median monthly rent in Monticello is $671, which comes out to $26 (3%) lower than Albany.
Evansville
Evansville is about 7 miles northeast of Albany. Housing prices there are somewhat more expensive. Evansville's median home cost is $187,000, which works out to $55,700 (29%) higher than Albany. Its rents are pretty similar. Evansville's median monthly rent is $713, which is $16 (2%) higher than Albany.
Juda
Juda is about 8 miles south from Albany. Its housing prices are a little less expensive. The median home cost in Juda is $102,800, which comes out to $28,500 (27%) lower than Albany. Its rents are somewhat less expensive. Juda's median rent is $608 per month, which comes out to $89 (14%) lower than Albany.
Orfordville
Orfordville is approximately 9 miles southeast of Albany. Real estate prices there are a bit more expensive. The median home in Orfordville is valued at $143,100, which is $11,800 (8%) higher than Albany. Its rents are a little more expensive. In Orfordville the median rent is $936 per month, which is $239 (25%) higher than Albany.
