Rental market snapshot for New Albany, Indiana

New Albany, Indiana Rental Property Market Overview

The average rent for an apartment in New Albany is $1,090. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by -4.7% over the past year.

New Albany is a city in Floyd County, Indiana, United States, situated along the Ohio River opposite Louisville, Kentucky. The population was 36,372 at the 2010 census. The city is the county seat of Floyd County. It is one of the Kentucky cities that is included in the Louisville metropolitan area.

Last Updated December 23, 2022

Get updates straight to your inbox

Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.

Sign up

Average monthly rent graph in New Albany Indiana | Cost of Living

  • The most expensive ZIP Code in New Albany is 47150 with an average price of $1,145
  • The cheapest ZIP Code in New Albany is 47150 with an average price of $850

New Albany ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
147150$1,145

Live near New Albany, Indiana's Top Sights and Attractions

Silver Street Park is a beautiful park located in the heart of New Albany. The park features a large pond, walking trails, and a playground. The pond is a popular spot for fishing and is stocked with bass, catfish, and sunfish. The walking trails wind through the park and offer stunning views of the pond and the surrounding area. The playground is a great place for kids to burn off some energy and has a variety of equipment to keep them entertained.

The Sam Peden Community Park is a large park that features a playground, a basketball court, a walking trail, and a pond. The park is located in New Albany, Indiana.

The Kevin Hammersmith Memorial Park is a beautiful park located in New Albany, Indiana. The park features a variety of amenities including a playground, picnic tables, a walking trail, and a pond. The park is also home to a variety of wildlife, including ducks, geese, and turtles.

Ritter Park is a public park that features a playground, a walking trail, a basketball court, and a picnic shelter. The park also has a pond where visitors can fish.

Fairmont Park is a large park with many trees, a playground, a basketball court, and a walking trail.

The Harvest Homecoming Mural is a large mural located on the side of a building in downtown New Albany. The mural depicts a scene from the city's history, when the area was a thriving agricultural community. The mural is a popular attraction for tourists and locals alike.

Bicknell Park is a small park located in the center of New Albany, Indiana. The park is home to a variety of trees, flowers, and shrubs, as well as a small pond. Visitors to the park can enjoy a variety of activities, including picnicking, fishing, and hiking.

Binford Park is a large park with a playground, a basketball court, a pond, and a walking trail.

New Albany, Indiana area median rent change by ZIP Code map

Get updates straight to your inbox

Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.

Sign up

How does New Albany compare to other cities in Indiana ?

citymedian price
Bargersville$1,945
Portage$1,489
Whitestown$1,849
Lebanon$1,730
Mooresville$1,675
Zionsville$1,835
Zionsville$1,820
Crown Point$1,870

Average household income in New Albany area graph - US Census

Get updates straight to your inbox

Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.

Sign up

The median household income in New Albany in 2021 was $49,415. This represents a 27.9% change from 2011 when the median was $38,640.

#categorypercent
0Less than $10,0006.6%
1$10,000 to $14,9996.9%
2$15,000 to $19,9996.3%
3$20,000 to $24,9995.5%
4$25,000 to $29,9994.9%
5$30,000 to $34,9995.1%
6$35,000 to $39,9994.3%
7$40,000 to $44,9996.4%
8$45,000 to $49,9994.4%
9$50,000 to $59,9997.4%
10$60,000 to $74,99913.6%
11$75,000 to $99,99911.9%
12$100,000 to $124,9996.0%
13$125,000 to $149,9995.3%
14$150,000 to $199,9993.3%
15$200,000 or more2.1%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
Made withDataherald