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City-owned Homes And Land in Albion, IA 50005

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Albion, IA Foreclosures

How much do homes sell for in Albion, IA?
The average home price is currently $150,485.
In Albion, IA, how many homes are available?
There are currently 8 active home listings available in Albion.
What’s the average rental cost in Albion, IA?
The average rental price in Albion is $1,120.
What is the most expensive home in Albion?
The most expensive home sold in Albion had a price of $1,068,000.
What is currently the cheapest priced home in Albion, IA?
The cheapest home for sale in Albion is priced at $12,751.

Living in Albion, IA

Albion, IA, is a small, tight-knit community that offers a relaxed lifestyle surrounded by beautiful landscapes. With reliable schools and several outdoor activities, it's perfect for families and nature lovers alike. The town has a friendly atmosphere, fostering a strong sense of community among its residents.

Current Market Conditions in Albion, IA

The real estate market in Albion has shown steady growth in the past year, with an increase in home values and a decrease in inventory. This trend suggests a growing demand for homes in the area, likely driven by the town's appealing lifestyle and affordability compared to larger neighboring cities.

Recent transactions indicate that homes are selling at a faster rate, which highlights the attractiveness of Albion as a place to live. Additionally, the average price of homes has reflected a healthy appreciation, making it a favorable market for both buyers and investors.

Home Value Estimator For Albion, IA

There are currently 523 real estate properties in Albion, IA, with a median automated valuation model (AVM) price of $122,752.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Albion, IA, 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 Albion, IA, is $150,485.00, with the most expensive house in Albion, IA, topping out at $1,068,000.00 and the cheapest home in Albion, IA, clocking in at $12,751.00. In other words, there’s something for every potential homebuyer or savvy investor in Albion, IA!

Rent Prices In Albion, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Albion, IA, is on a rollercoaster ride. The average rent price in Albion, IA, is $1,120.00. Indeed, when looking to rent in Albion, IA, you can expect to pay as little as $750.00 or as much as $2,140.00, with the average rent median estimated to be $1,100.00. The good news is that finding an affordable and desirable property to rent in Albion, IA -- 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.

Albion, IA 50005 City-owned Homes And Land

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