The typical owner-occupied home in Albany County is worth about $333,000, 8% above the Wyoming median of $309,700 and about the same as the national median of $332,700. Owners pay a median $1,925 a year in property taxes, about 0.58% of their home's value, close to the Wyoming rate of 0.57%. The median household earns $61,917 a year, so the median home costs 5.4 times the median income (4.1 times for Wyoming). 50% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Albany County at a glance
| Albany County | Wyoming | U.S. | |
|---|---|---|---|
| Median home value | $333,000 | $309,700 | $332,700 |
| Median property tax paid per year | $1,925 | $1,767 | $3,119 |
| Property tax as a share of value | 0.58% | 0.57% | 0.94% |
| Median household income | $61,917 | $76,176 | $80,734 |
| Homes lived in by their owners | 50% | 72% | 65% |
| Owner homes with a mortgage | 58% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,749 | $1,754 | $1,963 |
| Those costs as a share of the owners' income | 21.5% | 21.0% | 21.0% |
| Median rent | $931 | $992 | $1,413 |
| Rent as a share of renters' income | 30.8% | 27.0% | 30.6% |
| Median year homes were built | 1978 | 1981 | 1980 |
| Vacant homes | 9.4% | 12.2% | 10.1% |
| Population | 38,249 | 582,397 | 334,922,499 |
What a typical home costs per month in Albany County
At this week's average 30-year rate of 7.11%, buying the median Albany County home of $333,000 with 20% down costs about $2,092 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,647, 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 $89,648 for the 20%-down payment. That payment is 41% of the median Albany County household income of $61,917; at that income and 20% down, the 28% guideline points to a home of about $230,000.
The median rent here is $931 a month, so owning the median home costs about $1,161 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $66,600 |
|---|---|
| Loan amount | $266,400 |
| Principal and interest | $1,792 |
| Property taxes (0.58% a year) | $161 |
| Homeowners insurance (our estimate, 0.5% a year) | $139 |
| PMI | $0 |
| Total per month | $2,092 |
Change the numbers in the calculator
| Down payment | $11,655 |
|---|---|
| Loan amount | $326,969 |
| Principal and interest | $2,200 |
| Property taxes (0.58% a year) | $161 |
| Homeowners insurance (our estimate, 0.5% a year) | $139 |
| FHA mortgage insurance | $147 |
| Total per month | $2,647 |
Change the numbers in the calculator
Questions about home buying in Albany County
What is the median home value in Albany County?
About $333,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Albany County?
Homeowners pay a median $1,925 a year, which is about 0.58% 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 County?
For the median home with 20% down at 7.11%, the payment is about $2,092 a month. Keeping that under 28% of gross income takes about $89,648 a year.
More about Albany County
- Mortgage Refinance in Albany County
- Debt Relief in Albany County
- Home Equity Loans in Albany County
- 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