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Rent To Own Homes in Albany, OR 97321

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Living in Albany, OR

Albany, Oregon, is a charming city located in the Willamette Valley, offering both a small-town feel and urban conveniences. Residents enjoy a wealth of parks, good schools, and a strong community vibe, making it an ideal location for families and professionals. Its proximity to major highways and educational institutions sets the stage for a thriving lifestyle.

Current Market Conditions in Albany, OR

The Albany real estate market is currently experiencing steady growth, with an increase in demand for single-family homes. The median home price has risen over the past year, reflecting a trend towards more buyers looking for affordable housing in the area.

Investors are seeing potential in Albany as new developments and revitalization projects boost the local economy, providing opportunities for both residential and commercial investments.

Home Value Estimator For Albany, OR

There are currently 22,496 real estate properties in Albany, OR, with a median automated valuation model (AVM) price of $434,984.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Albany, OR, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Albany, OR, is $502,674.00, with the most expensive house in Albany, OR, topping out at $22,416,502.00 and the cheapest home in Albany, OR, clocking in at $28,375.00. In other words, there’s something for every potential homebuyer or savvy investor in Albany, OR!

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.

Albany, OR 97321 Rent To Own Homes

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