Albany, Georgia.
Typical home $132,195 (+2.8% in a year), asking rent $985 (+3.9%). Albany, GA metro.
to buy the typical home at today's mortgage rate — +$388 (+127%) since Jan 2020.
- 1 year
- Up $3,581 +3%
- $128,614$132,195 since Sep 2025
- 5 years
- Up $29,318 +28%
- $102,878$132,195 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Albany$694
- Georgia$1,727
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 14 years.
Typical home values in Albany, GA rose 2.8% over the past year — faster than the nation's +1.2%.
Asking rents in Albany, GA rose 3.9% over the past year — faster than the nation's +2.7%.
Owning the typical home in Albany runs $3/mo less than renting one. The gap peaked at $208 in Aug 2021.
That is $981 a month against $985 rent: a $694 mortgage payment, plus $146 property tax and $142 insurance & upkeep.
Owning vs renting — Albany
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$981
- Renting$985
- Mortgage only$694
Property tax · $146/mo 1.33% of value a year — the ACS 2020-2024 median bill over the median home value for Dougherty County, GA
Insurance & upkeep · $142/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Albany, Dougherty County, Georgia
Albany is a city of 69,647 people in Dougherty County. Half its households earn more than $47,240 a year and half less, against $49,044 across Dougherty County; 28% of its people live below the poverty line. 38% of its homes are lived in by their owners and 62% are rented. Unemployment in Albany was 4.9% in August 2026, and Dougherty County had 2.4% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Albany is a city in southwest Georgia and the seat of Dougherty County. It is a fairly young place, with residents who are younger than in much of the country, and most households rent rather than own, a larger share than in much of the country. Incomes run a little below the county's overall, and a good many residents live below the poverty line. Homes and rents are modest by national standards. Winters are mild, with cold spells that rarely last, and summers are hot, with rain spread through the year.
Work. Many residents work in schools, hospitals and social care, followed by shops, manufacturing, and professional and business services. Phoebe Putney Memorial Hospital, Dougherty County Schools and Albany State University are among the largest workplaces in the city. Unemployment has eased a little over the past year, though Dougherty County has fewer jobs than it did a year earlier. A four-year degree is held by a smaller share of adults than across the country, and most people reach work in a short drive.
Things to do. The Flint RiverQuarium, an aquarium, and the Albany Museum of Art are both in or beside town, and Kinchafoonee Creek, a river, runs through the area. Chehaw Park, a zoo, is a short drive away, and Lake Blackshear, a reservoir, is a longer drive for a day on the water.
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- 27,538households
- 21%of adults have a degree
- 28%below the poverty line
- 20 mintypical commute
- 9%work from home
What residents work in
Employed residents by industry, from the Census survey. Dougherty County had 44,899 jobs in 2025, 2.4% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 62° and lows near 39°; warmest in July, with highs near 93° and lows near 73°. About 47 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Albany Southwest Ga Regional Airport weather station, 3 miles away (NOAA).
Largest workplaces in Albany
- Phoebe Putney Memorial HospitalGeneral hospital2,140FTE
- Dougherty County SchoolsSchool district2,112FTE
- Albany State UniversityUniversity or college807
- MetropowerElectrical wiring contractors793
- Webstaurant StoreBonded warehousing, general merchandise540
- Albany Technical CollegeTwo-year college399
- SIMOS Insourcing SolutionsStaffing274
- WalmartWarehouse clubs and supercenters231
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 65 workplaces with 20 or more staff, 7,307 people in all. Hospitals come from their Medicare cost reports (CMS, 2023), school districts from the Common Core of Data (NCES, 2023–24) and colleges from IPEDS (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- LightningRelatively high
- HurricanesRelatively moderate
- Strong windRelatively moderate
- Inland floodingrelatively high in parts of AlbanyRelatively moderate
- TornadoesRelatively moderate
- Cold wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Albany’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Dougherty County and the Albany, GA metro.
Albany home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Albany$132,195
- Georgia$329,115
- United States$366,157
Sellers are cutting prices on about 1 in 5 Albany listings, and the typical home goes pending in 25 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Albany19.63%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Albany25
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Albany430
New listings per month
Sellers arriving at the market.
- Albany93
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Albany$151,625
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Albany96.63%
Zip codes with a Albany address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Albany — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Albany
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 31705 | Albany | 30,791 | $996 | $89,616 |
| 31707 | Albany | 22,679 | $914 | $139,417 |
| 31721 | Albany | 19,435 | $1,425 | $240,427 |
| 31701 | Albany | 16,135 | $788 | $80,913 |
| 39842 | Dawson | 7,831 | — | $119,810 |