Rental market snapshot for New Albany, Indiana
New Albany, Indiana Rental Property Market Overview
New Albany, Indiana is a city located in Floyd County with a population of 37,411 as of 2021, according to the US Census. It is situated along the Ohio River and is the county seat of Floyd County. New Albany is a vibrant city with a rich history, offering a variety of attractions, activities, and amenities. The city is home to a variety of businesses, restaurants, and shopping centers, as well as numerous parks, trails, and recreational facilities. New Albany is also home to a number of educational institutions, including Indiana University Southeast and Ivy Tech Community College. With its convenient location, diverse culture, and abundance of amenities, New Albany is an ideal place to live, work, and play. (Source: US Census, 2021)
The average rent for an apartment in New Albany is $1,152. The cost of rent varies depending on several factors, including location, size, and quality.
The average rent has increased by 9.8% over the past year.
Last Updated April 22, 2023
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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 $1,555
- 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 Code | Average Rent |
|---|---|---|
| 1 | 47150 | $1,555 |
Live near New Albany, Indiana's Top Sights and Attractions
Silver Street Park is a picturesque park located in a small town. It features a large pond with a fountain in the center, surrounded by lush green grass and trees. There are several walking paths, a playground, and a picnic area with tables and grills. The park also has a gazebo and a bandstand, making it a great place to host events. In addition, there are several benches and a pavilion, providing a peaceful spot to relax and enjoy the scenery.
Sam Peden Community Park is a beautiful outdoor recreational area located in New Albany, Indiana. It features a large lake with a fishing pier, a playground, a picnic area, and a walking path. The park also has a variety of sports fields, including baseball, softball, and soccer fields. There is also a basketball court and a skate park. The park is a great place to spend a day outdoors, with plenty of activities for all ages.
Kevin Hammersmith Memorial Park is a beautiful outdoor space located in a small town in Indiana. It features a large pond with a fountain, a playground, and plenty of open grassy areas for picnicking and playing. There are also several walking trails, a gazebo, and a pavilion for special events. The park is a great place to spend a day outdoors, with plenty of activities for all ages.
Ritter Park is a beautiful outdoor area located in New Albany, Indiana. It features a large pond with a fountain, a walking trail, and plenty of green space for picnics and outdoor activities. The park also has a playground, basketball court, and a pavilion for special events. The park is a great place to relax and enjoy nature, with plenty of trees and wildlife to observe.
Fairmont Park is a large outdoor recreational area located in New Albany, Indiana. It features a variety of activities and attractions, including a playground, walking trails, picnic areas, a fishing pond, and a disc golf course. The park also hosts a variety of events throughout the year, such as concerts, festivals, and outdoor movie screenings. The park is also home to a variety of wildlife, including deer, birds, and other animals.
Harvest Homecoming Mural is a large outdoor mural located in New Albany, Indiana. The mural is painted on the side of a building and depicts a rural scene of a family harvesting crops in a field. The mural is brightly colored and includes a variety of characters, animals, and plants. The mural is a popular attraction in the city and is a great way to learn about the history and culture of the area.
Bicknell Park is a beautiful outdoor attraction located in New Albany, Indiana. It features a large pond with a fountain, walking trails, and plenty of open space for picnicking and playing. The park also has a playground, basketball court, and a pavilion with picnic tables. The park is surrounded by lush trees and plants, making it a great place to relax and enjoy nature.
Binford Park is a large outdoor recreational area located in New Albany, Indiana. It features a variety of amenities, including a playground, walking trails, picnic areas, and a large lake. The lake is stocked with fish, making it a popular spot for fishing. The park also has a disc golf course, basketball courts, and a skate park. The park is a great place to spend a day outdoors, with plenty of activities to keep everyone entertained.
Bicentennial Park is a scenic outdoor area located in New Albany, Indiana. It features a large lake, walking trails, and a playground. The park also has a variety of wildlife, including ducks, geese, and other birds. There are picnic tables and benches throughout the park, as well as a gazebo and a pavilion. The park is a popular spot for fishing, boating, and other outdoor activities. It is also a great place to take a stroll and enjoy the natural beauty of the area.
Culbertson Mansion is a historic house museum located in a residential area of a midwestern town. It was built in 1867 and is a classic example of Italianate architecture. The house is filled with period antiques and artifacts, and visitors can take a guided tour to learn about the history of the mansion and its former owners. The grounds are also home to a beautiful garden, which is open to the public.
New Albany, Indiana area median rent change by ZIP code map
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How does New Albany compare to other cities in Indiana ?
| city | median price |
|---|---|
| Zionsville | $1,938 |
| Bloomington | $1,325 |
| Shelbyville | $1,679 |
| Mccrodsville | $1,860 |
| Warsaw | $835 |
| Anderson | $1,360 |
| Camby | $1,695 |
| Fort Wayne | $1,300 |
| Kokomo | $700 |
Average household income in New Albany area graph - US Census
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The median household income in New Albany in 2021 was $49,429. This represents a 27.9% change from 2011 when the median was $38,640.
| # | category | percent |
|---|---|---|
| 0 | Less than $10,000 | 6.6% |
| 1 | $10,000 to $14,999 | 6.9% |
| 2 | $15,000 to $19,999 | 6.3% |
| 3 | $20,000 to $24,999 | 5.5% |
| 4 | $25,000 to $29,999 | 4.9% |
| 5 | $30,000 to $34,999 | 5.1% |
| 6 | $35,000 to $39,999 | 4.3% |
| 7 | $40,000 to $44,999 | 6.4% |
| 8 | $45,000 to $49,999 | 4.4% |
| 9 | $50,000 to $59,999 | 7.4% |
| 10 | $60,000 to $74,999 | 13.6% |
| 11 | $75,000 to $99,999 | 11.9% |
| 12 | $100,000 to $124,999 | 6.0% |
| 13 | $125,000 to $149,999 | 5.3% |
| 14 | $150,000 to $199,999 | 3.3% |
| 15 | $200,000 or more | 2.1% |
