Foreclosures in Albany, CA 94706

Current Market Conditions in Albany, CA

Albany's real estate market remains competitive, characterized by limited inventory and growing demand. This city has seen a consistent increase in home prices over the past year, largely due to its desirable location and reputation for excellent schools. Many buyers are attracted to Albany for its proximity to Berkeley and San Francisco, as well as its strong community feel.

Recent trends indicate a trend towards more buyers seeking single-family homes with outdoor spaces. This shift is reflective of changing preferences influenced by the pandemic, with an increased focus on home environments now that remote work has become more prevalent.

Rent Prices In Albany, CA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Albany, CA, is on a rollercoaster ride. The average rent price in Albany, CA, is $2,853.00. Indeed, when looking to rent in Albany, CA, you can expect to pay as little as $1,450.00 or as much as $6,680.00, with the average rent median estimated to be $2,970.00. The good news is that finding an affordable and desirable property to rent in Albany, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.