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Preforeclosure Homes in Albany, IN

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5 N-mound-st-Albany-IN-47320
Preforeclosure
$55,505 EMV

N Mound St
Albany, IN 47320

2 Bed | 1 Bath | 744 Sq. Ft.

5 N-sharpbend-rd-Albany-IN-47320
Preforeclosure
$292,910 EMV

N Sharpbend Rd
Albany, IN 47320

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Foreclosure Homes in Albany, IN

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Albany, IN area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Albany, IN and much more. Save thousands at closing with home foreclosure listings in Albany, IN — up to 75% off market value!


Top Reasons To Live In Albany, IN In 2021

Albany is located in Delaware, Indiana, with an estimated municipal population of 2,148 residents. All of the best foreclosed homes for sale in Albany are located in the following zip code areas on Foreclosure.com: 47320. The estimated population per square kilometer (.62 miles) in Albany is 418.


Cost Of Living In Albany, IN

So, about how much do homes cost in Albany? The most recent median value of resident-owned homes in Albany is 73,085. An estimated 64.3 percent of households in Albany own their homes, with an average family size of 2.71. The median household income in Albany is 50,032, with13.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Albany, the median commute time of resident workers (in minutes) is 26.6. And last, but certainly not least, are you looking for homes to rent in Albany? If so, the average rent price paid by renters in Albany is 653, according to recent statistics.


Diversity And Demographics In Albany, Indiana

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Albany, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Albany is 43.6, split between 49 percent male versus 51 female. The percentage of residents who report being married in Albany is 49.9, with an average family size of 2.71.

The percentage of residents who report their race in Albany is as follows:

White 95.3%
Black / African American 0.5%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 4.2%
Other 0%

Looking for family-friendly neighborhoods in and/or near Albany? Or maybe you are searching for 55+ active adult communities in and/or near Albany?

The percentage of residents who report their age in Albany is as follows:

Under 10 11.6%
Aged 10-19 8.9%
20s 14.1%
30s 11.8%
40s 11.9%
50s 11.9%
60s 14%
70s 8.4%
80+ 7.5%

Best Schools In Albany, Indiana

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Albany with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Albany.


Pros And Cons Of Living In Albany, Indiana

How do you know that living in -- or moving to -- Albany is right where you need to be? Perhaps you grew up in Albany or already live nearby; therefore, the decision to buy a home in Albany is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Albany for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Albany:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Albany.


Reasons To Move To Albany, Indiana, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Albany can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Albany, meanwhile, can field multiple offers from more qualified buyers.

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Listing types in Albany, IN

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