In Albany, a typical home is worth $389,200 and typical rent is $1,372 a month. Compared with all of Linn County, the share of households that own their home is 8 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $373,660 to $433,091.
Typical rent
$1,735a month
▲ 1.7% more than 12 months ago
Typical rent from Zillow, March 2022 to September 2026: from $1,451 to $1,735.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Albany is in Linn 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 Linn County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Monmouth, the typical rent is $1,114: 19% less than in Albany ($1,372).
2
59% of households in Albany own their home, against 67% in Linn County.
Sources: U.S. Census Bureau (Average 2020–2024).
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
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Albany
Linn County
Oregon
United States
Kind of home: Albany and its comparisons
Measure
Albany
Linn County
Oregon
United States
Detached house
60%
63%
63%
61%
Attached house
8%
5%
5%
6%
Building of 2 to 4
11%
7%
7%
8%
Apartments (5 or more)
15%
10%
18%
19%
Mobile home
6%
14%
7%
6%
Boat, RV and other
Unreliable estimate
1%
0%
0%
The detached house is still the most common home in Albany, but it weighs less than in Linn County: 60% against 63%.
Year built
Before 19601960–19791980–19992000–20092010 or later
Albany
Linn County
Oregon
United States
Year built: Albany and its comparisons
Measure
Albany
Linn County
Oregon
United States
Before 1960
19%
25%
23%
26%
1960–1979
29%
28%
26%
24%
1980–1999
24%
24%
25%
25%
2000–2009
16%
13%
14%
14%
2010 or later
12%
11%
12%
11%
Homes in Albany are newer: the typical year built is 1983; in Linn County, 1978.
In Albany, 62% of homes have 3 bedrooms or more, about the same as in Linn County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K8%
$100K–$200K5%
$200K–$300K12%
$300K–$500K54%
$500K–$750K18%
FHA limit: $541,287
$750K–$1M2%
$1M or moreUnreliable
Value of owner-occupied homes: Albany and its comparisons
Measure
Albany
Under $100K
8%
$100K–$200K
5%
$200K–$300K
12%
$300K–$500K
54%
$500K–$750K
18%
$750K–$1M
2%
$1M or more
Unreliable estimate
About 81% of owner-occupied homes in Albany are worth less than the FHA loan limit for Linn County ($541,287).
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99918%
$1,000–$1,49940%
$1,500–$1,99925%
$2,000–$2,49910%
$2,500–$2,9992%
$3,000 or more3%
Monthly rent with utilities: Albany and its comparisons
Measure
Albany
Under $500
Unreliable estimate
$500–$999
18%
$1,000–$1,499
40%
$1,500–$1,999
25%
$2,000–$2,499
10%
$2,500–$2,999
2%
$3,000 or more
3%
With a mortgage
$1,894 a month
Linn County: $1,799 a month
Without a mortgage
$741 a month
Linn County: $599 a month
Owners with a mortgage
68%
Linn County: 64%
Owning costs more in Albany: with a mortgage, the typical cost is $1,894 a month; in Linn County, $1,799. Without one, $741.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Albany+72%
Linn County+70%
Oregon+53%
United States+53%
Typical rent
Albany+42%
Linn County+37%
Oregon+37%
United States+33%
Typical household income
Albany+29%
Linn County+37%
Oregon+32%
United States+29%
Change since 2015–2019: Albany and its comparisons
Measure
Albany
Linn County
Oregon
United States
Typical home value
+72%
+70%
+53%
+53%
Typical rent
+42%
+37%
+37%
+33%
Typical household income
+29%
+37%
+32%
+29%
The typical home value in Albany rose 72% since 2015–2019, about the same as in Linn County (70%).
Rents in Albany rose faster than in Linn County: 42% since 2015–2019, against 37%.
The typical household income in Albany rose 29%: less than home values (+72%) and rent (+42%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Albany and its comparisons
Measure
Albany
Linn County
Oregon
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
4.2%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.7%
0.9%
More than one person per room
3.5%
3.5%
3.2%
3.4%
People per household
2.54
2.54
2.42
2.53
Drive alone
72%
77%
65%
69%
Carpool
8%
9%
9%
9%
Public transit
Unreliable estimate
Unreliable estimate
2%
3%
Walk or bike
3%
2%
5%
3%
Work from home
14%
11%
19%
15%
Other means
2%
2%
1%
2%
Typical commute
10 to 19 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
More than one person per room: that is how 3.5% of households in Albany live, near the figure in Linn County (3.5%).
A household in Albany has 2.54 people on average, about the same as in Linn County (2.54).
Many people here do not commute at all: 14% work from home; in Linn County, 11%.
Do the math
What would you pay each month for a home in Albany?
A typical home costs more than the typical income allows
We start with a typical home in Albany, worth $389,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 50% of the typical household income in Albany, which is $78,114 a year. For that payment to be 28% of income, a household would need to earn about $139,455 a year.
The calculator's FHA and conventional loan limits are those of all of Linn County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Albany. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $13,622 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$3,254
at 7.18% · 30 years
Loan amount
$382,151
Total interest
$549,825
Paid off in
November 2056
Includes $6,573 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,823 a month
Tight
$1,823 to $2,343 a month
Hard
more than $2,343 a month
Your payment · 50%
Compared with the typical household income in Albany ($78,114 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,589
Property tax
$331
Home insurance
$162
FHA mortgage insurance (MIP)
$172
You need at least $13,622 for the down payment, plus closing costs.
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.
Total monthly payment $3,254; principal and interest $2,589.
The city and its county
Albany and Linn County
Albany is in Linn County, Oregon. 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
Map of Linn County, Oregon, with Albany marked. Around it, the neighboring counties.
Albany
Linn County
Other cities with a page
Albany's own numbers
Typical home value
$389,200
Typical monthly rent
$1,372
Typical yearly household income
$78,114
Households that own their home
59%
Effective property tax rate
1.02%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Linn County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,726
Price change over 5 years (FHFA)
+45%
Homes in a high flood-risk zone
4.2%
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 Linn County.
A typical home in Albany is worth $389,200: 3% above the county and 19% below Oregon. With the typical household income in Albany ($78,114 a year), a typical home costs 5.0 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.
Albany5.0 years
Linn4.9 years
Oregon5.8 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Linn County
According to FHFA’s house price index, home prices in Linn County rose 124% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Linn County.
Yearly change in FHFA’s price index in Linn County, 2016 to 2025
2016: +9.3% +9.3% 2016
2017: +11.8% +11.8% 2017
2018: +10.7% +10.7% 2018
2019: +8.3% +8.3% 2019
2020: +5.6% +5.6% 2020
2021: +15.7% +15.7% 2021
2022: +15.1% +15.1% 2022
2023: +3.5% +3.5% 2023
2024: +2.8% +2.8% 2024
2025: +2.2% +2.2% 2025
Change in FHFA’s price index in Linn County, Oregon and the United States
Period
County
Oregon
U.S.
Last year (2025)
+2.2%
+0.9%
+2.9%
5 years (2020–2025)
+45%
+35%
+47%
10 years (2015–2025)
+124%
+86%
+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 Linn County, Oregon and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Albany$389,200
Linn$376,400
Oregon$477,600
United States$332,700
Typical monthly rent
Albany$1,372
Linn$1,320
Oregon$1,525
United States$1,413
Typical yearly household income
Albany$78,114
Linn$76,329
Oregon$83,011
United States$80,734
See the full table
Albany next to Linn County and Oregon
Measure
Albany
Linn County
Oregon
U.S.
Typical home value
$389,200 ▲3% above the county
$376,400
$477,600
$332,700
Typical monthly rent
$1,372 ▲4% above the county
$1,320
$1,525
$1,413
Typical yearly household income
$78,114 ▲2% above the county
$76,329
$83,011
$80,734
Households that own their home
59% ▼8 points below the county
67%
63%
65%
Typical yearly property tax
$3,973 ▲22% above the county
$3,261
$3,876
$3,119
Effective property tax rate
1.02% ▲0.15 points above the county
0.87%
0.81%
0.94%
Renters with high rent for their income
56% ▲3 points above the county
53%
52%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Linn 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 $389,200 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$3,254a month
Least cash to close
Down payment
$13,622
Cash to close
$25,298
Rate
7.18%
Mortgage insurance
FHA MIP · $172
Conventional, 5% down$3,183a month
Down payment
$19,460
Cash to close
$31,136
Rate
7.18%
Mortgage insurance
PMI · $185
Conventional, 20% down, no PMI$2,602a month
Down payment
$77,840
Cash to close
$89,516
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,962a month
Down payment
$58,380
Cash to close
$70,056
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Albany
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$3,254
$13,622
$382,151
7.18%
FHA MIP · $172
$25,298
580
Conventional, 5% down
$3,183
$19,460
$369,740
7.18%
PMI · $185
$31,136
620*
Conventional, 20% down, no PMI
$2,602
$77,840
$311,360
7.18%
None
$89,516
620*
ITIN, 15% down (example)
$2,962
$58,380
$330,820
8.18%
None
$70,056
Set by the lender
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.
Typical rent in Albany is $1,372 a month: 4% above the county. In Albany, 56% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Linn County, by unit size. To pay the 2-bedroom one ($1,726 a month) without spending more than 30% of your income, you would need to earn $33.19 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Linn County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,202
$23.12
$48,080
1 bedroom
$1,413
$27.17
$56,520
2 bedrooms
$1,726
$33.19
$69,040
3 bedrooms
$2,380
$45.77
$95,200
4 bedrooms
$2,672
$51.38
$106,880
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 2 ZIP codes with their own.
For 2 bedrooms it runs from $1,720 in 97321 to $1,790 in 97322.
1 of the 2 is above the fair market rent for Linn County ($1,726).
Fair market rent by ZIP code and size in Albany, fiscal year 2027.
97321
$1,220
$1,400
$1,720
$2,380
$2,740
97322
$1,250
$1,470
$1,790
$2,470
$2,770
ZIP code2 bd3 bd
97321 $1,720$2,380
97322 $1,790$2,470
2 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 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 10 buildings with rents for lower incomes in Albany. These are the largest.
Brooklawn Apts2070 Queen Ave SW, Albany 9732179 low-income homes · 1 bd: 12 · 2 bd: 39 · 3 bd: 28 · In service since 1995 · For families
Santiam Terrace855 Chicago St SE, Albany 9732256 low-income homes · For older adults(541) 928-3111
Woodwind Fka Woodland Square1415 Salem Ave SE, Albany 9732154 low-income homes · 2 bd: 9 · 3 bd: 36 · 4 bd: 6 · In service since 2015 · For people with disabilities, families
Clayton Meadows Senior Apts2080 Queen Ave SE, Albany 9732250 homes, 49 low-income · 1 bd: 32 · 2 bd: 18 · In service since 2001 · For older adults
Songbird Village215 21st St SE, Albany 9732248 low-income homes · 1 bd: 8 · 2 bd: 13 · 3 bd: 5 · 4 bd: 18 · In service since 2000 · For families
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.
We found no HUD-approved agencies with an office in Linn County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Albany or Linn County. The ones below are statewide in Oregon: they work in Albany the same as in the rest of the state.
Oregon state funds for the down payment and closing costs, delivered by local organizations: up to $60,000 or 20% of the price, sometimes as a grant or as a forgivable second mortgage, for first-time or first-generation buyers with income up to 100% of the area median.Offered by Oregon Housing and Community Services (OHCS).
Oregon Housing and Community Services mortgage for low- and moderate-income first-time buyers, with down payment assistance of 4% or 5% of the loan as a second mortgage.Offered by Oregon Housing and Community Services (OHCS).
Oregon Housing and Community Services mortgage for any buyer, including people who have owned a home before, with down payment assistance of 4% or 5% of the loan as a second mortgage that can be forgivable or repayable.Offered by Oregon Housing and Community Services (OHCS).
No legal help resource on our list is for Albany or Linn County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Albany and all of Linn 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 $389,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Linn County it is $376,400.
How much does it cost to rent in Albany?
Typical rent in Albany is $1,372 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Linn County is $1,726.
What is the FHA loan limit in Albany?
Albany uses the FHA limit for all of Linn 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 $3,973 a year, according to the U.S. Census Bureau. That is 1.02% of the home’s value; in Linn County, the rate is 0.87%.
Where can I find free help to buy or rent in Albany?
We found no HUD-approved counseling agencies with an office in Linn County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
