Single-family Foreclosures in Albany, OR 97321

Current Market Conditions in Albany, OR

The Albany real estate market has shown steady growth over the past year as more people appreciate the town's unique charm and accessibility. Homes in the area are gaining value, particularly as remote work becomes more integrated into life, allowing buyers to seek homes in more affordable, livable communities.

Current demand is high due to low interest rates and the desirability of Albany's lifestyle, leading to a competitive market. Sellers are receiving multiple offers, and homes are often selling above the asking price.

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.