Why Live in Albany
Albany's historic downtown showcases preserved architecture and local businesses, centered around the unique Albany Historic Carousel & Museum with its hand-carved animals. The Willamette River shapes the city's recreational landscape through Monteith Riverpark and multiple access points for boating and fishing. Timber-Linn Memorial Park serves as a central gathering space with sports fields, walking trails, and a water park, while the innovative Talking Water Gardens combines environmental education with peaceful walking paths.
The housing market features a median sale price of $439,450, with 133 homes currently available ranging from $300,000 to $1,312,749. Single-family homes make up 70% of residential properties, with a median price of $450,000. Townhomes average $374,900, while two-bedroom condos typically sell for $275,000. North Albany features newer construction, while the downtown area contains historic Victorian and craftsman homes. Popular family neighborhoods include Grand Prairie, Deerfield, and the growing Knox Butte area.
Property taxes in Albany are competitive at 0.91%, lower than nearby Corvallis at 0.98% and Salem at 0.95%. Oregon has no sales tax, though the state income tax rate is 8.75% for a yearly salary of $40,208.
The city's culinary scene includes Sybaris Bistro, led by a two-time James Beard Award-nominated chef, and local favorites like Novak's Hungarian Restaurant and Vault 244 Bistro. The Albany Farmers' Market runs April through November, highlighting local produce and crafts. Commuters benefit from the Albany Transit System, Amtrak service, and easy access to I-5, placing Portland 70 miles north and Eugene 45 miles south. Oak Grove Intermediate School in North Albany maintains an A-minus rating, contributing to the area's appeal for families.
Home Trends in Albany, OR
On average, homes in Albany, OR sell after 67 days on the market compared to the national average of 50 days. The median sale price for homes in Albany, OR over the last 12 months is $441,500, up 2% from the median home sale price over the previous 12 months.
Median Sale Price
$441,500
Median Single Family Sale Price
$455,400
Median Townhouse Sale Price
$386,400
Median 2 Bedroom Sale Price
$317,500
Average Price Per Sq Ft
$286
Number of Homes for Sale
169
Last 12 months Home Sales
816
Median List Price
$464,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
2%