Foreclosure Homes in Albany, OR

Current Market Conditions in Albany, OR

The current real estate market in Albany shows strong demand, with a steady rise in home prices over the past few months. Buyers are increasingly attracted to the area due to its affordability relative to larger cities in Oregon and the expanding job market.

Real estate trends indicate a competitive market with limited inventory, making it a favorable environment for sellers. Increased interest in suburban living post-pandemic has also contributed to this growth.

Rent Prices In Albany, OR

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Albany, OR, is on a rollercoaster ride. The average rent price in Albany, OR, is $1,247.00. Indeed, when looking to rent in Albany, OR, you can expect to pay as little as $630.00 or as much as $3,500.00, with the average rent median estimated to be $1,200.00. The good news is that finding an affordable and desirable property to rent in Albany, OR -- 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.