Albany, Indiana.
Typical home $202,686 (+7.2% in a year). Muncie, IN metro.
to buy the typical home at today's mortgage rate — +$651 (+158%) since Jan 2020.
- 1 year
- Up $13,661 +7%
- $189,025$202,686 since Sep 2025
- 5 years
- Up $59,665 +42%
- $143,021$202,686 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$1,064
- Indiana$1,350
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 10 years.
Typical home values in Albany, IN rose 7.2% over the past year — faster than the nation's +1.2%.
Living in Albany, Delaware County, Indiana
Albany is a town of 2,295 people in Delaware County. Half its households earn more than $58,026 a year and half less, against $58,127 across Delaware County; 7% of its people live below the poverty line. 82% of its homes are lived in by their owners and 18% are rented. Unemployment in Delaware County was 4.2% in August 2026, and the county had 1.0% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
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 It can be wrong or out of date.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 small town in Delaware County where nearly everyone lives in a home they own. Household incomes sit close to the county's, and a smaller share of adults hold a four-year degree than you might expect elsewhere. Winters are cold and snowy, with January the coldest month, while summers turn warm in July and the year brings a fair amount of rain.
Work. Residents work mostly in schools, hospitals and social care, in manufacturing, in shops, and in professional and business services. Across Delaware County, the biggest employers include Ball State University, the Liberty-Perry school district and Ball Memorial Hospital. Commutes tend to be long, and a modest number of people work from home.
Things to do. Halfway Creek runs in or beside town, and Brooks Creek is a short drive away, both good for a walk along the water. A longer drive brings you to Mounds State Park, a protected area for hiking, or to Minnetrista, a botanical garden. The David Owsley Museum of Art at Ball State University is also a longer drive away.
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- 1,278households
- 13%of adults have a degree
- 7%below the poverty line
- 32 mintypical commute
- 10%work from home
What residents work in
Employed residents by industry, from the Census survey. Delaware County had 44,333 jobs in 2025, 1.0% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 35° and lows near 18°; warmest in July, with highs near 84° and lows near 62°. About 21 inches of snow and 41 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Farmland Nnw weather station, 6 miles away (NOAA).
Largest workplaces in Delaware County
- Ball State UniversityUniversity or college3,300
- Liberty-Perry Community Sch Corp SchoolsSchool district2,409FTE
- Ball Memorial HospitalGeneral hospital1,772FTE
- Progress RailRailroad rolling stock manufacturing947
- SIMOS Insourcing SolutionsStaffing609
- Help At HomeHomemaker's service for elderly or disabled persons, non-medical501
- Muncie Community SchoolsSchool district488FTE
- WalmartWarehouse clubs and supercenters397
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 91 workplaces with 20 or more staff, 9,821 people in all across the county; Albany has one of its own. Colleges come from IPEDS (NCES, 2023–24), school districts from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); 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
- TornadoesRelatively high
- Inland floodingRelatively high
- LightningRelatively high
- HailRelatively moderate
- Winter weatherRelatively moderate
- Strong windRelatively 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 moderate. 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 Delaware County and the Muncie, IN 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$202,686
- Indiana$257,165
- United States$366,157
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
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Albany17
New listings per month
Sellers arriving at the market.
Not enough data to draw this yet.
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.