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Albion, IN

Full City Profile · Indiana · Noble County County

3.0 /5.0
B Good
2,680 Population 1,403/sq mi density
$67,687 Median Income $25,360 per capita
$138,200 Home Value $251,591 Zillow
$875 Median Rent 21.7% income on rent
50°F Avg Temperature 275 sunny days/yr
273 Violent Crime/100K 2,736 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$67,687 median income, 1.8% unemployment
A+
Affordability
5.0 / 5.0
$138,200 home value, $875/mo rent
F
Safety
1.0 / 5.0
273 violent crimes/100K
D
Education
1.6 / 5.0
7.5% bachelor's degree or higher

Housing Overview

Median Home Value
$138,200
51% below
US avg: $281,900
Median Rent
$875/mo
25% below
US avg: $1,163/mo
Homeownership Rate
61.8%
6% below US avg (65.4%)
Total Housing Units
938
Median year built: 1962

Home Value by Source

Census Median
$138,200
Zillow (ZHVI)
$251,591
Median Sale Price
$225,000
Median List Price
$129,900
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

61.8%
Owner-Occupied
38.2%
Renter-Occupied
62%
38%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$816/mo
1 Bedroom
$882/mo
2 Bedroom
$1,096/mo
3 Bedroom
$1,391/mo
4 Bedroom
$1,590/mo
Census median rent: $875/mo

Market Indicators (Redfin)

Median Days on Market
11 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
3
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$153
Active Inventory
2
homes for sale

Affordability & Housing Stock

Rent Burden
21.7%
of renters spending 30%+ of income on housing
30% below US avg (31.0%)
Median Year Built
1962
Average age of housing stock: 64 years
Homeownership Rate
61.8%

Complete Housing Data

Home Values

Census Median Value$138,200
Zillow Home Value (ZHVI)$251,591
Median Sale Price$225,000
Median List Price$129,900
Price Per Sq Ft$153

Rent

Census Median Rent$875
FMR Studio$816
FMR 1-Bedroom$882
FMR 2-Bedroom$1,096
FMR 3-Bedroom$1,391
FMR 4-Bedroom$1,590

Market

Days on Market11
Sale-to-List Ratio1.0%
Price Drops0.0%
Homes Sold3
Active Inventory2
Price Per Sq Ft$153

Ownership & Stock

Owner-Occupied61.8%
Renter-Occupied38.2%
Homeownership Rate61.8%
Total Housing Units938
Median Year Built1962
Rent Burden21.7%