The typical owner-occupied home in Albany is worth about $211,800, 33% below the Vermont median of $316,600 and 36% below the national median of $332,700. Owners pay a median $2,867 a year in property taxes, about 1.35% of their home's value, lower than the Vermont rate of 1.59%. 100% of occupied homes here are lived in by their owners, and 81% of those owners still have a mortgage.
Albany at a glance
| Albany | Vermont | U.S. | |
|---|---|---|---|
| Median home value | $211,800 | $316,600 | $332,700 |
| Median property tax paid per year | $2,867 | $5,039 | $3,119 |
| Property tax as a share of value | 1.35% | 1.59% | 0.94% |
| Median household income | – | $81,203 | $80,734 |
| Homes lived in by their owners | 100% | 73% | 65% |
| Owner homes with a mortgage | 81% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,484 | $1,907 | $1,963 |
| Those costs as a share of the owners' income | 22.5% | 21.7% | 21.0% |
| Median rent | – | $1,234 | $1,413 |
| Median year homes were built | 1938 | 1976 | 1980 |
| Vacant homes | 23.8% | 19.4% | 10.1% |
| Population | 135 | 647,106 | 334,922,499 |
What a typical home costs per month in Albany
At this week's average 30-year rate of 7.11%, buying the median Albany home of $211,800 with 20% down costs about $1,466 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,819, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $62,844 for the 20%-down payment.
| Down payment | $42,360 |
|---|---|
| Loan amount | $169,440 |
| Principal and interest | $1,140 |
| Property taxes (1.35% a year) | $238 |
| Homeowners insurance (our estimate, 0.5% a year) | $88 |
| PMI | $0 |
| Total per month | $1,466 |
Change the numbers in the calculator
| Down payment | $7,413 |
|---|---|
| Loan amount | $207,964 |
| Principal and interest | $1,399 |
| Property taxes (1.35% a year) | $238 |
| Homeowners insurance (our estimate, 0.5% a year) | $88 |
| FHA mortgage insurance | $94 |
| Total per month | $1,819 |
Change the numbers in the calculator
Questions about home buying in Albany
What is the median home value in Albany?
About $211,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Albany?
Homeowners pay a median $2,867 a year, which is about 1.35% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Albany?
For the median home with 20% down at 7.11%, the payment is about $1,466 a month. Keeping that under 28% of gross income takes about $62,844 a year.
More about Albany
- Mortgage Refinance in Albany
- Debt Relief in Albany
- Home Equity Loans in Albany
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data