Foreclosures in Albia, IA

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Home Value Estimator For Albia, IA

There are currently 2,126 real estate properties in Albia, IA, with a median automated valuation model (AVM) price of $141,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Albia, IA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Albia, IA, is $196,123.00, with the most expensive house in Albia, IA, topping out at $61,666,700.00 and the cheapest home in Albia, IA, clocking in at $16,240.00. In other words, there’s something for every potential homebuyer or savvy investor in Albia, IA!

Rent Prices In Albia, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Albia, IA, is on a rollercoaster ride. The average rent price in Albia, IA, is $1,085.00. Indeed, when looking to rent in Albia, IA, you can expect to pay as little as $610.00 or as much as $1,770.00, with the average rent median estimated to be $1,090.00. The good news is that finding an affordable and desirable property to rent in Albia, IA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Albia, IA In 2024

Albia is located in Monroe, Iowa, with an estimated municipal population of 3,681 residents. All of the best foreclosed homes for sale in Albia are located in the following zip code areas on 52531. The estimated population per square kilometer (.62 miles) in Albia is 446.

Cost Of Living In Albia, IA

So, about how much do homes cost in Albia? The most recent median value of resident-owned homes in Albia is 84,257. An estimated 69.2 percent of households in Albia own their homes, with an average family size of 2.96. The median household income in Albia is 46,332, with16.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Albia, the median commute time of resident workers (in minutes) is 17.4. And last, but certainly not least, are you looking for homes to rent in Albia? If so, the average rent price paid by renters in Albia is 543, according to recent statistics.

Diversity And Demographics In Albia, Iowa

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 Albia, 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 Albia is 43.9, split between 45.6 percent male versus 54.4 female. The percentage of residents who report being married in Albia is 53.6, with an average family size of 2.96.

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

White 94.7%
Black / African American 0.1%
Asian 0.2%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.3%
Other 4.8%

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

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

Under 10 10.9%
Aged 10-19 13.8%
20s 12.7%
30s 7.2%
40s 14.2%
50s 14.1%
60s 13.4%
70s 6.5%
80+ 7.3%

Best Schools In Albia, Iowa

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 Albia with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Albia.

Pros And Cons Of Living In Albia, Iowa

How do you know that living in -- or moving to -- Albia is right where you need to be? Perhaps you grew up in Albia or already live nearby; therefore, the decision to buy a home in Albia is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Albia 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 Albia:

  • 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 Albia.

Reasons To Move To Albia, Iowa, In 2024

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

Albia, IA Foreclosures


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