Market Overview
Home Prices in Albion, PA
The median home value in Albion, PA is $212,347 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.5% compared to a year ago and up 3.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Albion are priced48% below average. Albion is part of the Erie, PA metro area.
Over the past five years, Albion home values have risen by approximately31.8%, reflecting strong long-term appreciation in this market.
Price History
Albion Home Price Trend
2020
$138,352
$138K
—
2021
$161,082
$161K
+16.4%
2022
$175,129
$175K
+8.7%
2023
$177,404
$177K
+1.3%
2024
$186,659
$187K
+5.2%
2025
$193,913
$194K
+3.9%
2026
$212,347
$212K
+9.5%
City Comparison
Albion vs. National Median
🏠 Albion
$212,347
National Median
$410,000
At $212,347, homes in Albion cost 48% below the national median of $410,000. This makes Albion a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Albion?
20% Down Payment
$42,469
on $212,347
Monthly P&I
$1,107/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,406/mo
incl. taxes & insurance
Income Needed
$56,240
gross annual (30% rule)
10% Down Option
$21,235
+ PMI applies
Loan Amount (20% dn)
$169,878
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 Albion, PA?
The median home value in Albion is $212,347 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.5% year-over-year.
How much have home prices changed in Albion?
Over the past year, home values in Albion have increased by 9.5%. Over five years, prices have risen approximately 31.8%.
How much do I need to earn to buy a home in Albion?
To comfortably afford the median home price of $212,347 with a 20% down payment ($42,469) at today's rates (6.8%), you'd need a gross annual income of approximately $56,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Albion compare to the national average home price?
The national median home value is approximately $410,000. At $212,347, homes in Albion are 48% below the national average.
What metro area is Albion part of?
Albion is part of the Erie, PA metropolitan area. Home prices and market conditions can vary across the broader metro region.