Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$408,252+0.3% YoY · prices are flat
Market right nowBuyer's marketMore homes for sale than last year, 27% have cut their price
Income needed to buy, per year$88,500About 1.1× the local median income ($77,936): a stretch for a typical household
Days on market67 daysFaster than a year ago: sellers have the edge
Next 12 months+1.7%Zillow expects prices to rise slightly
The typical home in Albany, OR is worth $408,252, about the same as a year ago. That is well above what local incomes have historically supported: fair value is about $365,739, so the area is 11.6% overvalued. It is a buyer's market: homes take about 67 days to sell, listings are up 18% from a year ago, 27% of listings have had a price cut. Zillow expects prices to rise about 1.7% over the next year. A household needs about $88,500 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $77,936. Typical rent is $1,635 a month, or $2,141 for a house. In the latest IRS figures, 900 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$408,252
Change in 1 year
+0.3%
Overvalued %
+11.6%
Show 7 more
Fair home value
$365,739
Change in 5 years
+15.7%
Zillow forecast, next 12 months
+1.7%
Home value to income
5.2×
Monthly mortgage payment (20% down)
$2,213
Income needed to afford it
$88,500
Property tax rate
0.87%
Rent and investing
Typical rent
$1,635
Typical rent for houses
$2,141
Price-to-rent ratio
20.8×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,726
Gross rental yield
4.81%
Cap rate (estimate)
3.12%
Market activity
Listings vs a year ago
+18.3%
Days on market
67
Listings with a price cut
26.9%
Show 3 more
Homes for sale
427
Pending sales per 100 listings
31
Asking price per sq ft
$282
People and jobs
Median household income
$77,936
Population change (1 year)
+0.2%
Unemployment rate
6.0%
Show 4 more
Population
132,843
Income adjusted for cost of living
$76,333
Net moves in (IRS)
+900
Cost of living (US = 100)
102.1
Schools, risk and environment
School rating (1 to 10)
4.8
FEMA hazard risk score (0 to 100)
88.1
Unhealthy air days a year
1
Show 4 more
Flood risk score
86.3
Wildfire risk score
58.4
Walkability (1 to 20)
9.2
Road, rail and air noise
52 dB
Questions people ask
Is Albany, OR overvalued?
Home prices in Albany, OR are well above what local incomes have historically supported: fair value is about $365,739, so the area is 11.6% overvalued.
Is Albany, OR a buyer's or seller's market?
Albany, OR is a buyer's market: homes take about 67 days to sell, listings are up 18% from a year ago, 27% of listings have had a price cut.
Are home prices going down in Albany, OR?
Home values in Albany, OR are up 0.3% over the last year. Zillow's forecast for the next 12 months is +1.7%.
How much do you need to earn to buy a home in Albany, OR?
A household needs about $88,500 a year to afford the typical home in Albany, OR at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $77,936.