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City · 67,224 residents · Dougherty County, Georgia

Albany , Georgia

In Albany, a typical home is worth $124,300 and typical rent is $931 a month. Compared with all of Dougherty County, the typical home value is 8% lower and the share of households that own their home is 8 points lower.

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  • Typical home value

    $124,300

    8% below the county

    59% below Georgia

    • Albany
    • Dougherty
    • Georgia

  • Typical rent

    $931a month

    About the same as the county

    33% below Georgia

    • Albany
    • Dougherty
    • Georgia

  • Typical household income

    $47,240a year

    4% below the county

    39% below Georgia

    • Albany
    • Dougherty
    • Georgia

  • Households that own their home

    38%

    8 points below the county

    28 points below Georgia

    • Albany
    • Dougherty
    • Georgia

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$132,195
2.8% more than 12 months ago
Typical rent
$985 a month
3.9% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Albany is in Dougherty County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Dougherty County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Albany apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Camilla, the typical home value is $85,400: 31% less than in Albany ($124,300).

  2. Albany has the 10th lowest typical home value of the 164 cities in Georgia with more than 5,000 people ($124,300).

  3. According to Zillow, in the 12 months to September 2026 the typical home value in Albany rose 2.8%; in Georgia, it fell 0.6%.

  4. Nearby, in Cordele, the typical rent is $786: 16% less than in Albany ($931).

  5. Albany has the 12th lowest homeownership rate of the 165 cities in Georgia with more than 5,000 people (38%).

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Albany

What homes there are in Albany, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in Albany, but it weighs less than in Dougherty County: 56% against 61%.

Year built

In Albany, half of the homes were built before 1974; in Dougherty County, before 1975.

In Albany, 13% of homes have 1 bedroom or none (studios); 57% have 3 bedrooms or more, against 62% in Dougherty County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

At least 98% of owner-occupied homes in Albany are worth less than $500,000, below the FHA loan limit for Dougherty County ($541,287).

Monthly rent with utilities

HUD's 2-bedroom fair market rent (FMR) for Dougherty County is $1,103: about 66% of rents in Albany are below it.

With a mortgage

$1,314 a month

Dougherty County: $1,354 a month

Without a mortgage

$505 a month

Dougherty County: $510 a month

Owners with a mortgage

53%

Dougherty County: 54%

The typical cost for an owner with a mortgage in Albany is $1,314 a month, near the figure in Dougherty County ($1,354).

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Homes in Albany gained value more slowly than in Dougherty County: 25% since 2015–2019, against 30%.

The typical rent in Albany rose 26% since 2015–2019, about the same as in Dougherty County (25%).

To compare: typical income in Albany rose 29%; the home, +25%; the rent, +26%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureAlbanyDougherty CountyGeorgiaUnited States
Rental vacancy 8.1%8.5%6.8%5.5%
Homeowner vacancy 2.1%2.1%1.1%0.9%
More than one person per room 2.2%1.8%2.4%3.4%
People per household 2.292.302.622.53
Drive alone 76%76%71%69%
Carpool 12%12%9%9%
Public transit 1%1%1%3%
Walk or bike 2%2%1%3%
Work from home 9%9%16%15%
Other means 1%1%2%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

Much as in Dougherty County, the rental vacancy rate in Albany is 8.1%.

Much as in Dougherty County, 2.2% of households in Albany have more than one person per room.

Much as in Dougherty County, a household in Albany has 2.29 people on average.

To get to work, 76% of workers in Albany drive alone; in Dougherty County, 76%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Albany?

A typical home is within reach of the typical income

We start with a typical home in Albany, worth $124,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 27% of the typical household income in Albany, which is $47,240 a year.

The calculator's FHA and conventional loan limits are those of all of Dougherty County.

Your numbers

Local data
$

Starts at the typical home value in Albany. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $4,351 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,074

at 7.18% · 30 years

Loan amount
$122,048
Total interest
$175,599
Paid off in
November 2056

Includes $2,099 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,102 a month

    Your payment · 27%

  • Tight

    $1,102 to $1,417 a month

  • Hard

    more than $1,417 a month

Compared with the typical household income in Albany ($47,240 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,074
Principal & interest$827
Property tax$141
Home insurance$52
FHA mortgage insurance (MIP)$55

You need at least $4,351 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Albany and Dougherty County

Albany is in Dougherty County, Georgia. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Albany's own numbers

Typical home value
$124,300
Typical monthly rent
$931
Typical yearly household income
$47,240
Households that own their home
38%
Effective property tax rate
1.36%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Dougherty County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,103
Price change over 5 years (FHFA)
+47%
Homes in a high flood-risk zone
10%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Dougherty County.

Everything about Dougherty County

Buying

Buying a home in Albany

A typical home in Albany is worth $124,300: 8% below the county and 59% below Georgia. With the typical household income in Albany ($47,240 a year), a typical home costs 2.6 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Albany 2.6 years
  • Dougherty 2.7 years
  • Georgia 3.9 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Dougherty County

According to FHFA’s house price index, home prices in Dougherty County rose 65% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Dougherty County.

Period County Georgia U.S.
Last year (2025) +2.9% +2.2% +2.9%
5 years (2020–2025) +47% +58% +47%
10 years (2015–2025) +65% +110% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Albany next to Dougherty County, Georgia and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Albany $124,300
  • Dougherty $134,400
  • Georgia $303,300
  • United States $332,700
Typical monthly rent
  • Albany $931
  • Dougherty $935
  • Georgia $1,393
  • United States $1,413
Typical yearly household income
  • Albany $47,240
  • Dougherty $49,044
  • Georgia $77,353
  • United States $80,734
See the full table
Albany next to Dougherty County and Georgia
Measure Albany Dougherty County Georgia U.S.
Typical home value $124,300 $134,400 $303,300 $332,700
Typical monthly rent $931 $935 $1,393 $1,413
Typical yearly household income $47,240 $49,044 $77,353 $80,734
Households that own their home 38% 45% 66% 65%
Typical yearly property tax $1,694 $1,781 $2,341 $3,119
Effective property tax rate 1.36% 1.33% 0.77% 0.94%
Renters with high rent for their income 49% 50% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Dougherty County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Albany

For a typical $124,300 home in Albany, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Albany's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,074a month

    Least cash to close
    Down payment
    $4,351
    Cash to close
    $8,080
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $55

  • Conventional, 5% down $1,052a month

    Down payment
    $6,215
    Cash to close
    $9,944
    Rate
    7.18%
    Mortgage insurance
    PMI · $59

  • Conventional, 20% down, no PMI $866a month

    Down payment
    $24,860
    Cash to close
    $28,589
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $981a month

    Down payment
    $18,645
    Cash to close
    $22,374
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Albany and for Dougherty County.

Property tax

Effective rate in Albany

1.36%of the home’s value each year

$1,694 a year for the typical owner in Albany.

  • Albany 1.36%
  • Dougherty 1.33%
  • Georgia 0.77%

What Georgia publishes Standard state homestead exemption (Georgia Department of Revenue)

Exemptions and deadlines in Georgia

Flood risk in Dougherty County

FEMA does not publish these numbers by city: they are for all of Dougherty County.

Homes in the high-risk zone
10%
3,056
Of those, with NFIP insurance
22%
County Georgia U.S.
Homes in the high-risk zone 10% 2% 3.5%
Of those, with NFIP insurance 22% 43% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Albany

Typical rent in Albany is $931 a month: about the same as the county. In Albany, 49% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Dougherty County, by unit size. To pay the 2-bedroom one ($1,103 a month) without spending more than 30% of your income, you would need to earn $21.21 an hour working full time.

HUD fair market rent for all of Dougherty County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $953 $18.33 $38,120
1 bedroom $972 $18.69 $38,880
2 bedrooms $1,103 $21.21 $44,120
3 bedrooms $1,482 $28.50 $59,280
4 bedrooms $1,829 $35.17 $73,160

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Albany

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Albany has 4 ZIP codes with their own.

For 2 bedrooms it runs from $1,020 in 31705 to $1,340 in 31721.

2 of the 4 are above the fair market rent for Dougherty County ($1,103).

  • 31701 $1,050$1,410
  • 31705 $1,020$1,390
  • 31707 $1,260$1,690
  • 31721 $1,340$1,800

4 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Albany when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Albany

HUD lists 43 buildings with rents for lower incomes in Albany. These are the largest.

  • Albany Phase I 716 W Society Ave, Albany 31701 279 low-income homes · For families (229) 434-4500
  • Pentara Properties - Albany HA 521 Pine Ave, Albany 31701 226 low-income homes · For families (229) 434-4500
  • Holley Homes (AMP 2) 921 Cherry Ave, Albany 31701 225 low-income homes · For families (229) 434-4500
  • William Dennis Homes 2128 W Gordon Ave, Albany 31707 188 low-income homes · Run by Housing Authority of the City of Albany · Average payment: $355 a month · Average wait: 16 months (229) 434-4500
  • Wild Pines Apartments 600 Sands Dr, Albany 31705 160 low-income homes · For families (229) 436-8859

See all 43 buildings in Dougherty County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Albany

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 2 HUD-approved agencies with an office in Dougherty County; 1 says it serves in Spanish.

A man listens closely, seated at a meeting table.

HUD counseling is free or low-cost

Assistance programs in Albany

No down payment, repair or rent-help program on our list is for Albany or Dougherty County. The ones below are statewide in Georgia: they work in Albany the same as in the rest of the state.

Which programs do I qualify for? All programs in Georgia

  • Georgia Dream Homeownership Program

    Statewide in Georgia

    Georgia state program for first-time buyers: a mortgage with down payment assistance of up to 5% of the price or $10,000, as a 0% second mortgage with no monthly payments. Offered by Georgia Department of Community Affairs.

    Deferred

    See the program Official page

  • Georgia Dream Peach Plus Loan Program

    Statewide in Georgia

    FHA or VA mortgage from the Georgia Dream program with down payment assistance of 3.5% of the price (up to $10,000), or 4% (up to $12,500) for police officers, educators, health care workers, military members or families with a person with a disability; no first-time buyer requirement. Offered by Georgia Department of Community Affairs.

    Type not stated

    See the program Official page

Housing counselors near Albany

The HUD-approved agencies closest to the center of Albany, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Nid-Hca Albany (FLETCHER)

    230 S Jackson St Ste 154, Albany · 1 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (229) 317-4745

  • City of Albany, Georgia

    230 S Jackson St Ste 315, Albany · 1 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (229) 483-7650

  • Family Visions Outreach, Inc.

    601 West Price St., Sylvester · 20 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (229) 777-7704

Every agency in Dougherty County All counseling agencies in Georgia

Help in Spanish near Albany

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Albany

HUD’s record names them for Albany or Dougherty County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of the City of Albany Public housing and Section 8 vouchers (229) 434-4500

One other authority has an office in Dougherty County: see the list Source: HUD

Cities

Nearby cities

The cities closest to Albany, with the typical home value.

Everything about Dougherty County Housing in Georgia

Neighboring counties

If Dougherty County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Albany.

All guides
A mother and her daughters smile together on a mountain trail with a snowy peak behind them.

Questions

Housing questions about Albany

Short answers with the numbers for Albany and all of Dougherty County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Albany?

The typical home value in Albany is $124,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Dougherty County it is $134,400.

How much does it cost to rent in Albany?

Typical rent in Albany is $931 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Dougherty County is $1,103.

What is the FHA loan limit in Albany?

Albany uses the FHA limit for all of Dougherty County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Albany?

The typical homeowner in Albany pays $1,694 a year, according to the U.S. Census Bureau. That is 1.36% of the home’s value; in Dougherty County, the rate is 1.33%.

Where can I find free help to buy or rent in Albany?

There are 2 HUD-approved counseling agencies with an office in Dougherty County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).