Foreclosure Homes in Albany, OR

Current Market Conditions in Albany, OR

Currently, Albany's real estate market is experiencing a steady demand with a strong interest in homes due to its affordable pricing compared to nearby metropolitan areas. The inventory of available homes remains competitive, and houses typically receive multiple offers, especially those with desirable features or in good school districts. With the population growth and increasing local amenities, Albany remains an attractive option for homebuyers.

Recent trends indicate a gradual increase in home prices, driven primarily by the influx of new residents seeking a balanced lifestyle. The recovery from the pandemic has encouraged both new construction and renovation of existing homes, which adds to the overall appeal of the housing market in Albany.

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.