Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 48.2 yrs |
|---|---|
| Avg HH Size | 2.30 |
| Below Poverty | 7.3% ▼ 27% below avg |
| College Grads | 26.7% ▼ 31% below avg |
| Unemployment | 3.7% ▼ 24% below avg |
| No HS Diploma | 13 (0.4%) |
| HS Graduate | 1,486 (46%) |
| Some College | 499 (15.4%) |
| Associates | 369 (11.4%) |
| Bachelors | 342 (10.6%) |
| Graduate Degree | 521 (16.1%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $68,244 ▼ 11% below avg |
|---|---|
| Median Home Value | $120,300 ▼ 57% below avg |
| Home/Income Ratio | 1.8x (nat avg ~3.5x) |
| Median Rent | $669/mo |
| Total Housing Units | 2,176 |
| Vacant Units | 261 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Albany is a city in Indiana, located in Delaware County. The city spans 1 ZIP code and is home to approximately 4,486 residents. It is a mature city, with a median age of 48.2 years.
Economically, Albany is a solidly middle-class community. The median household income of $68,244 is near the national average. Approximately 7.3% of residents live below the poverty line. The unemployment rate is 3.7%, below the national average.
The real estate market in Albany is one of the more affordable housing markets in the country. Median home values stand at $120,300, which is well below the national average. Renters typically pay around $669 per month. Homeownership is high at 87.2%, typical of suburban and family-oriented communities.
The population of Albany is moderately educated. 26.7% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (97.08%).
Albany, IN offers residents a cost-conscious lifestyle within Indiana.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 47320 | 4,486 | $68,244 | $120,300 | $669 | 3.7% | 26.7% | 87.2% |