Market Overview
Home Prices in Albany, MO
The median home value in Albany, MO is $127,367 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.1% compared to a year ago and up 10.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Albany are priced69% below average.
Over the past five years, Albany home values have risen by approximately15.5%, reflecting steady appreciation in this market.
Price History
Albany Home Price Trend
2020
$89,255
$89K
—
2021
$110,280
$110K
+23.6%
2022
$116,552
$117K
+5.7%
2023
$110,761
$111K
-5.0%
2024
$110,690
$111K
-0.1%
2025
$122,389
$122K
+10.6%
2026
$127,367
$127K
+4.1%
City Comparison
Albany vs. National Median
🏠 Albany
$127,367
National Median
$410,000
At $127,367, homes in Albany cost 69% below the national median of $410,000. This makes Albany a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Albany?
20% Down Payment
$25,473
on $127,367
Monthly P&I
$664/mo
30-yr @ 6.8%
Total Monthly Est.
~$843/mo
incl. taxes & insurance
Income Needed
$33,720
gross annual (30% rule)
10% Down Option
$12,737
+ PMI applies
Loan Amount (20% dn)
$101,894
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 Albany, MO?
The median home value in Albany is $127,367 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.1% year-over-year.
How much have home prices changed in Albany?
Over the past year, home values in Albany have increased by 4.1%. Over five years, prices have risen approximately 15.5%.
How much do I need to earn to buy a home in Albany?
To comfortably afford the median home price of $127,367 with a 20% down payment ($25,473) at today's rates (6.8%), you'd need a gross annual income of approximately $33,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Albany compare to the national average home price?
The national median home value is approximately $410,000. At $127,367, homes in Albany are 69% below the national average.