Market Overview
Home Prices in New Albin, IA
The median home value in New Albin, IA is $248,460 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.3% compared to a year ago and up 3.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in New Albin are priced39% below average.
Over the past five years, New Albin home values have risen by approximately46.2%, reflecting strong long-term appreciation in this market.
Price History
New Albin Home Price Trend
2020
$158,065
$158K
—
2021
$169,961
$170K
+7.5%
2022
$191,540
$192K
+12.7%
2023
$196,853
$197K
+2.8%
2024
$221,972
$222K
+12.8%
2025
$229,505
$230K
+3.4%
2026
$248,460
$248K
+8.3%
City Comparison
New Albin vs. National Median
🏠 New Albin
$248,460
National Median
$410,000
At $248,460, homes in New Albin cost 39% below the national median of $410,000. This makes New Albin a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in New Albin?
20% Down Payment
$49,692
on $248,460
Monthly P&I
$1,296/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,646/mo
incl. taxes & insurance
Income Needed
$65,840
gross annual (30% rule)
10% Down Option
$24,846
+ PMI applies
Loan Amount (20% dn)
$198,768
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in New Albin, IA?
The median home value in New Albin is $248,460 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.3% year-over-year.
How much have home prices changed in New Albin?
Over the past year, home values in New Albin have increased by 8.3%. Over five years, prices have risen approximately 46.2%.
How much do I need to earn to buy a home in New Albin?
To comfortably afford the median home price of $248,460 with a 20% down payment ($49,692) at today's rates (6.8%), you'd need a gross annual income of approximately $65,840. This assumes keeping total housing costs at or below 30% of gross income.
How does New Albin compare to the national average home price?
The national median home value is approximately $410,000. At $248,460, homes in New Albin are 39% below the national average.