Housing in New Albany, IN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$238,000
Median List Price
$246,400
Price Per Sq Ft
$143
Days on Market
70
Active Inventory
102
Months of Supply
3.0
Seller's market
Zillow Home Value
$228,499
ZHVI — January 2026
Zillow Rent Index
$1,138
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
32.4%
Off Market in 2 Weeks
2.7%
Sale-to-List Ratio
98.4%
Buyer's market
Market Activity
Source: RedfinHomes Sold
34
New Listings
40
Pending Sales
37
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$143
Median List $/SF
$156
New Albany vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 25,000 - 50,000 residents. New Albany is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$169,600
Median Rent
$971
Total Housing Units
18,429
Vacancy Rate
12.3%
Owner Occupied
55.9%
Renter Occupied
44.1%
Median Property Tax
$1,321
per year
Monthly Cost (w/ Mortgage)
$962
Housing Types
The current median sale price in New Albany, IN is $238,000 according to Redfin data. Homes spend a median of 70 days on the market. 32.4% of homes sold above asking price. The market has 3.0 months of supply. The median price per square foot is $143. Zillow's observed rent index is $1,138/month. About 55.9% of housing units are owner-occupied. The median year homes were built is 1962. There are 18,429 total housing units.