Foreclosure Homes in Albion, NE

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Albion, NE Foreclosures

How much do homes sell for in Albion, NE?
The average home price is currently $305,975.
In Albion, NE, how many homes are available?
There are currently 1,164 active home listings available in Albion.
What’s the average rental cost in Albion, NE?
The average rental price in Albion is $1,174.
What is the most expensive home in Albion, Nebraska?
The most expensive home sold in Albion had a price of $2,092,900.
What is currently the cheapest priced home in Albion, NE?
The cheapest home for sale in Albion is priced at $16,520.

Home Value Estimator For Albion, NE

There are currently 1,164 real estate properties in Albion, NE, with a median automated valuation model (AVM) price of $235,173.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Albion, NE, 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 Albion, NE, is $305,975.00, with the most expensive house in Albion, NE, topping out at $2,092,900.00 and the cheapest home in Albion, NE, clocking in at $16,520.00. In other words, there’s something for every potential homebuyer or savvy investor in Albion, NE!

Rent Prices In Albion, NE

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Albion, NE, is on a rollercoaster ride. The average rent price in Albion, NE, is $1,174.00. Indeed, when looking to rent in Albion, NE, you can expect to pay as little as $460.00 or as much as $2,060.00, with the average rent median estimated to be $1,130.00. The good news is that finding an affordable and desirable property to rent in Albion, NE -- 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 Albion, NE In 2024

Albion is located in Boone, Nebraska, with an estimated municipal population of 1,585 residents. All of the best foreclosed homes for sale in Albion are located in the following zip code areas on 68620. The estimated population per square kilometer (.62 miles) in Albion is 590.

Cost Of Living In Albion, NE

So, about how much do homes cost in Albion? The most recent median value of resident-owned homes in Albion is 120,773. An estimated 71.9 percent of households in Albion own their homes, with an average family size of 2.91. The median household income in Albion is 54,464, with16.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Albion, the median commute time of resident workers (in minutes) is 13. And last, but certainly not least, are you looking for homes to rent in Albion? If so, the average rent price paid by renters in Albion is 580, according to recent statistics.

Diversity And Demographics In Albion, Nebraska

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 Albion, 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 Albion is 48, split between 47.1 percent male versus 52.9 female. The percentage of residents who report being married in Albion is 54.4, with an average family size of 2.91.

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

White 99.3%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0.3%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.4%
Other 0%

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

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

Under 10 11.5%
Aged 10-19 12.5%
20s 13.1%
30s 8%
40s 9.2%
50s 11.6%
60s 11.8%
70s 9.3%
80+ 12.9%

Best Schools In Albion, Nebraska

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

Pros And Cons Of Living In Albion, Nebraska

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

  • 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 Albion.

Reasons To Move To Albion, Nebraska, 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 Albion can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Albion, meanwhile, can field multiple offers from more qualified buyers.

Albion, NE Foreclosures


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