Explore US City New Albany, IN - Real Estate Market Insights, Demographics, Crime, Trends & Hotspots
New Albany, IN real estate snapshot: Pulse Score 53.77532285951062, cap rate 3%, median price $234,900. Below: live market insights, demographics, crime overview, investment hotspots, and nearby areas.
Pulse Score
C+
Cap Rate
3%
Investor Friendly Score
60%
Median Price
$234,900
Market Insights
The housing market in New Albany continues to see strong price appreciation, with values up 18.2% compared to last year. Home prices have decreased 7.9% in the past month. With 3.5 months of supply, New Albany's inventory levels remain relatively tight. Homes are now taking an average of 49 days to sell, significantly longer than the 15 days typical for this market. A significant 38.8% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 20.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the New Albany market with the affordability index at 46.9. Based on current market indicators, home prices in New Albany are projected to decrease by approximately 3.3% over the next month.
Demographics market for - New Albany, IN
Total Population -
36,520
White Race
85%
African American Race
9%
Crime for City - New Albany, IN
Real Estate Market Prediction for - New Albany, IN
City Hotspots Map
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Nearby Cities From New Albany, IN
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FAQ about New Albany, IN
The Pulse Score combines property value appreciation, rental income potential, market liquidity, demographic trends, and crime/safety signals into a single 0–100 grade. Higher scores indicate stronger investor fundamentals.
Investment quality depends on your goals. Use the cap rate, investor-friendly score, demographic insights, and crime data on this page to evaluate New Albany, IN for buy-and-hold, fix-and-flip, or short-term rental strategies.
Our analysis combines public datasets (US Census Bureau, FBI Uniform Crime Reporting, HUD, BLS) with proprietary short-term rental performance and active MLS feeds, refreshed on a regular cadence.
Use the “Related analysis” section on this page to jump to the dedicated crime report, school ratings, and state-level short-term rental market analysis for New Albany, IN.
Data sources & further reading
PulseReal’s analysis is built on top of these public, authoritative datasets.
Official UCR crime statistics by state and agency from the FBI.
Population, demographics, housing, and income data from the US Census Bureau.
Encyclopedic overview of the city, history, and notable landmarks.
Housing affordability, fair-market rents, and market reports from HUD.
Local unemployment and employment data from the Bureau of Labor Statistics.
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Does a rental pencil out in New Albany, IN?
A median-priced home ($234,900) at the average rent ($791/mo), with 25% down at 7.25%, after property tax, insurance, vacancy, repairs, reserves and management.
-$949/mo
Cash flow on a median home
-17.3%
Cash-on-cash return
0.21
DSCR
$2,492/mo
Rent needed for a 1.25 DSCR
$1,956/yr
Landlord insurance, hazard-adjusted