A growing yet historical community minutes from Louisville
Officially established along the northern banks of the Ohio River in 1813 by three brothers from New York, New Albany is a historic yet vibrantly growing corner of Indiana that's located just minutes from Louisville, Kentucky. Surrounding an eclectic downtown where residents can be found visiting boutique shops and exploring diverse dining options, New Albany has garnered recent attention for its unique combination of a trendy, fun lifestyle with an affordable housing market.
“It’s an exciting time for us- we've seen tremendous growth driven by new job opportunities, housing developments and a variety of quality-of-life enhancements made by the city,” says John Launius, Vice President and Director of Economic Development for New Albany. While New Albany's population has stayed relatively stable at just under 40,000 people since 1990, the city continues to grow and attract leading employers like Indiana University Southeast, Baptist Health Floyd and industrial services like Nyx New Albany.
New Albany's population has stayed relatively stable at just under 40,000 people since 1990.
The Falls of the Ohio park has a statue dedicated to famed explorers Lewis and Clark.
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Walk to downtown's trendy shopping and dining
Though outer portions of New Albany have a quiet, suburban feel, residents can always head to the center of town to walk around, meet up with some friends or make some quality purchases. "New Albany's downtown is going through a revival. It's really developing an artistic, yet family-friendly scene," says Heather Robinson, a local Realtor who grew up in New Albany and has sold homes throughout Indiana and Kentucky since 2013.
Boutique-style shops, connoisseurs-level restaurants and other eateries have all cropped up in Main Street's historic, Latinate buildings. Residents can head to Agave & Rye for festive flavors and a selection of mix-and-match tacos, or take their business over to the Exchange Pub & Kitchen, which is known for its industrial atmosphere and farm-to-table dining. The High Dive is a speakeasy-style bar that offers a creative drink menu in a swanky, vintage-feeling cellar. For groceries, Seeds and Greens Natural Market and Deli is a local health and natural goods store that also serves up tasty options like quinoa veggie bowls.
Market Street serves as a central lifeline in New Albany.
Restaurants and other eateries have all cropped up in Main Street's historic, Latinate buildings like 812 Pizza.
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Historic Floyd County homes at affordable price points
New Albany's storied history, which includes being a key stop along the Underground Railroad, can still be seen in several of the city's registered historic districts and its charming Victorian architecture. New Albany's varied housing landscape has everything from suburban-style cottages and traditional homes built in recent decades to vintage Craftsman and bungalow-style homes. Large, vintage estates that feature ornate facades, colorful frescoes and marble fireplaces from the 1800s can also be found in Mansion Row.
Despite the quality construction and appealing architecture of New Albany's homes, the city boasts consistently low pricing, with the median sales price rising to $238,500 in recent years. "Especially for people working in Louisville, the affordability is a big factor. Buyers often choose the area so they can raise their families in spacious homes that have nice, big yards," Robinson says. Prices range from $120,000 for smaller suburban homes in areas like Blackiston Mill to $1 million for Victorian properties in the Cedar Bough Place Historic District.
Many of the homes in New Albany resemble Victorian architecture.
New Albany has garnered recent attention for its unique combination of a trendy, fun lifestyle with an affordable housing market.
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Top-rated Indiana schools
New Albany Floyd County Schools earns an A rating from Niche and is rated as the second-best school district in the Louisville area. The district serves over 11,000 students with 14 different schools. "Floyd Central High School was once thought of as a small school servicing just the local farming community, but now it's one of the largest public high schools in the state," Robinson says.
Indiana University Southeast and Purdue Polytechnic New Albany are both located in the city. Indiana University Southeast is recognized for its undergraduate programs in nursing, business and education, while Purdue Polytechnic focuses on professions like electrical and mechanical engineering.
Nathaniel Scribner Middle School is an above average, public school located in New Albany, IN.
Floyd Central High School is a highly rated, public school located in Floyd Knobs, IN.
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New Albany celebrations and history on the Underground Railroad
With a convenient location right across the Ohio from downtown Louisville, residents can easily spend time exploring the cultural tapestry of Kentucky's largest metropolis, or opt for local attractions like J&B Magic Shop and Theater and MESA, A Live Dining Show. "When looking for something fun to do, New Albany really does feel like the best of both worlds," says Robinson.
The city’s history to the Underground Railroad is celebrated at Second Baptist Church. Known as Town Clock Church, the steeple once stood as a beacon hope for those seeking freedom.
New Albany’s Harvest Homecoming takes over Main Street every fall. The event has carnival rides, arts and crafts booths and live performances on the city's floating concert venue, RiverStage.
The Underground Railroad Gardens showcase the amazing history of the area.
The city’s history to the Underground Railroad is celebrated at Second Baptist Church.
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Residents have 17 parks to explore in New Albany
New Albany Parks and Recreation operates 17 parks, lacing the city with a network of local playgrounds, golf courses and natural areas. Riverfront Park is on the banks of the Ohio and offers a skate park, basketball court and biking trail. New Albany Riverfront Amphitheater hosts public concerts and family events throughout the year. Loop Island Wetlands and River Run Family Waterpark are also fun places to get outside, while Griffin Recreation Center has an indoor basketball court for when it gets cold in winter.
New Albany experiences all four seasons, but winters can get cold, with an average of 17 inches of snowfall per year. FEMA requires flood insurance for some homes near the Ohio River and its tributary creeks, but New Albany's Flood Control Department maintains 3.5 miles of flood wall to help guard against it.
Campbell-Woodland Nature Trails has beautiful tree-lined pathways in New Albany.
The Underground Railroad Gardens have statues, murals, and artwork that show the history.
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Getting around Southern Indy
Interstates 64 and 265 make it easy to reach any of southern Indiana's small towns and rural areas or commute to downtown Louisville just 5 miles across the Sherman Minton Bridge. For those not driving, the Transit Authority of River City (TARC) runs several routes through the city, including Route 71 with service from downtown Louisville to Indiana University Southeast. Louisville International Airport is just 13 miles south along Interstate 65. The closest hospital is Norton Clark Hospital, about 5 miles east in Jeffersonville.
Important to know
According to FBI crime data, New Albany's rates for violent crimes are lower than the national average despite steadily increasing since 2015. Property crime rates are higher than the national average but have decreased since 2015.
In 2025, the New Albany Police Department plans to further lower crime by supporting the Indiana Crime Guns Task Force and the covert robbery teams. These specialty units are meant to prevent crime by targeting repeat violent offenders.
Written By
Bayley Malo
Photography Contributed By
Cory Cornelius
Video By
Jason Jacot
Interested in learning more about homes in this area?
Reach out to
Bob Murphy,
an experienced agent in this area.
GreatSchools:
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On average, homes in New Albany, IN sell after 38 days on the market compared to the national average of 56 days. The median sale price for homes in New Albany, IN over the last 12 months is $249,991, up 8% from the median home sale price over the previous 12 months.
Koehler Woods Lot #16. Estimated completion is September/October 2026. Plant your roots at 3030 Grace Marie Way in New Albany, Indiana, an amazing new home in the exquisite Koehler Woods community. Featuring our Pine floor plan, this thoughtfully designed 1,953-square-foot home has 4 bedrooms, 2.5 bathrooms, a fully drywalled 2-car attached garage, and offers the perfect blend of comfort and
Welcome to this charming 3-bedroom, 1.5-bath home located in the Greenvalley Heights neighborhood! This well-maintained property sits on a beautifully landscaped lot featuring a fenced-in backyard, perfect for pets, play, or entertaining. Enjoy outdoor living on the covered front porch or relax on the rear patio overlooking the yard. Inside, you’ll find comfortable living spaces filled with
Koehler Woods Lot #14. Estimated completion is September/October 2026. Your place awaits at 3026 Grace Marie Way in New Albany, Indiana, an amazing new home in our peaceful Koehler Woods community. Featuring our Pine floor plan, this thoughtfully designed 1,953-square-foot home has 4 bedrooms, 2.5 bathrooms, a fully drywalled 2-car attached garage, and offers the perfect blend of comfort and
Well-maintained 3BR/3BA home offering the perfect blend of comfort, style, and functionality! This move-in ready property features an inviting open-concept floor plan designed for both everyday living and entertaining. The spacious eat-in kitchen provides plenty of room for gathering with family and friends while flowing seamlessly into the main living areas. Enjoy the convenience of an attached
Potential awaits in this charming New Albany gem! Welcome to this cozy and affordable single-family home perfectly suited for the new buyer! A little bit of work will shine this home up! Located in the heart of New Albany, Indiana, this 3 bedroom, 1 bath residence offers approximately 1050 square feet of comfortable living space ideal for low-maintenance living with easy access to downtown New
Thoughtfully designed & meticulously maintained by its original owner, this custom built Discovery Builders brick ranch offers the comfort of one level living with the added flexibility of a finished daylight basement. Every space reflects quality craftsmanship, timeless finishes & a floor plan that adapts to the way you live.The open living area is warm & inviting, highlighted by hip vault
Kim Kraft
Berkshire Hathaway HomeServices Parks & Weisberg R
Welcome to Downtown New Albany living! This 2 UNIT PROPERTY was built in 2023 and shows like new construction! Lots of opportunities! Ready to move in! You could live in one side and rent out the other unit to help pay for your mortgage! This is called a house hack! Or start your rental portfolio with a nearly new property that is ready to move 2 separate tenants in! Or set one or both units up
Located in a well-established neighborhood, this home presents a rare combination of space, thoughtful updates, and everyday convenience. Offering 2,300 square feet, this 3-bedroom, 3-bath residence features a versatile 1.5-story floor plan with a full finished basement, allowing for multiple living and entertaining options to suit a variety of needs. The home has benefited from significant
Move right into this well-maintained all-brick ranch offering 3 bedrooms and endless potential! The full unfinished basement provides abundant storage or the opportunity to create additional living space. Enjoy peace of mind with numerous recent updates, including a new roof and gutters (2026), new HVAC system (2022), new electrical panel (2022), and a new fenced yard (2024). The washer and dryer
Premier downtown redevelopment parcel—nearly 2 acres in heart of New Albany adjacent to golf course. MUR – zoned multi-use residential. Historic 1930 restaurant building and ancillary structures recently severely damaged by fire—serves to significantly reduce demolition costs for Site positioned for residential redevelopment. Strong location with established infrastructure. Single-family or
Great opportunity for investors! Nice size home with great cash flow opportunity at this price with a partial basement! Conveniently located off Vincennes St and close to Downtown New Albany! Current tenant pays $900 per month. All square footage and information are deemed to be accurate but buyers to verify. Tenants rights apply. Current tenants are month to month. Sold "As Is."
This 3 Bed/2 Bath home features a cozy covered front porch, foyer, open floor plan, laundry room with pocket door, and spacious great room that walks out to back partially covered patio! The eat-in kitchen offers stainless steel appliances, quartz countertops, pantry, and roomy breakfast nook. Primary suite offers an elegant trey ceiling and en-suite bath with double vanity, water closet, large
Dream home alert in the heart of New Albany! This stunning fully renovated 4-bedroom, 2.5-bath home blends modern luxury with everyday comfort, offering a truly move-in-ready experience from the moment you arrive. Featuring a brand-new roof, beautiful new flooring, fresh paint, designer lighting, and upscale finishes throughout, every detail has been thoughtfully updated. The spacious
Check out this Backyard oasis, move-in ready! This charming 3-bedroom, 1.5 bath home in Fairmont Park is made for making memories the fully fenced backyard comes complete with an above-ground pool, trampoline, and play set, all included. Two paved driveways give guests plenty of room to park for the next cookout.Inside, enjoy an updated kitchen, hardwood floors, and a bright living room on
First time ever on the market! This New Albany home offers a spacious and flexible layout with generous room sizes and multiple living areas, giving you plenty of space to spread out or entertain. Featuring a new roof and new deck, the home is ready for its next owner to enjoy. Currently configured as a 2-bedroom but could easily be converted back into a 3-bedroom if desired. Hardwood floors are
Luxury Living and Exceptional Service in New AlbanyAt Silver Creek Commons, luxury meets exceptional service. Our professionally managed community and dedicated team ensure your apartment feels like home from day one. This 216-unit luxury apartment community sits along the northern banks of the Ohio River with easy access to I-64, offering modern features and spacious floor plans complete
Academy Park Apartments is now leasing in charming New Albany. Located close to Academy School, IU Southeast, and Purdue College of Technology. Our community is only minutes from I-64 and I-265, making your commute easier. We offer two and three bedroom apartments with 2 full baths. We are proudly managed by Clover Properties.
Discover the perfect balance of expansive living and modern comfort at Lochwood Apartments, where we offer some of the most generous floor plans in New Albany. Our newly renovated two-bedroom garden apartments and townhomes boast an incredible 1,500 square feet of space far exceeding the market average at a value-driven price point that truly stands out. Each home is designed with your lifestyle
Give yourself the Royal Treatment when you rent a one or two bedroom at Arbor Place. Each apartment has been decorated with care and good taste in which you will find yourself feeling right at home. Several floor plans offered. Attractive landscaped grounds and well kept facilities accentuate its beauty and desirability.Application fee: $50 and $75 married
Brookview Glen Apartments located in New Albany, Indiana has studio, one- and two-bedroom apartments for rent. Brookview Glen Apartments is designed to accommodate the needs of active adults 55 and older. Our homes feature air conditioning, carpet, fully equipped kitchens, washer and dryer connections, and ceiling fans. Our pet-friendly community features a community room, salon, library, and
Welcome to Sheffield Square Apartments! Conveniently located in the heart of New Albany, Indiana, near Binford Park and New Albany Golf Course, you will be close to everything you need but nestled away in a quiet community. You will find your new perfect place with 9 different options of flats and townhomes to choose from. Massive square footages, beautiful renovations, and unique amenities are
Featuring 197 luxury studios, one and two-bedroom apartments, 1,650 square feet of retail space, and high-end amenities, The Breakwater is the first mixed-use, a luxury apartment community in downtown New Albany. Located on East Spring Street at the site of the former Coyle Chevrolet property, The Breakwater residents enjoy Upscale, Resort-Style Amenities, including a Heated-Salt Water Luxury
If you are looking for an upscale luxury home apartment with great accessibility to the interstate and other close-by amenities, then the Villas at Green Valley are for you! You will love the Open Floor Plan, Abundance of Storage, Huge Kitchen Island, Eat-In Nook, Granite Countertops, Stainless Steel Appliances and a Private Covered Patio! Our 1, 2 and 3 bedroom floorplans offer 9' ceilings and
Listed this 2-bedroom 1-bathroom two story townhouse apartment located close to the Walmart comes with new LVP flooring and paint throughout first floor, a sliding glass door leading to a private second story deck perfect for entertaining, shared coined laundry in building, plenty of off-street parking, central A/C, dishwasher, microwave with oven and fridge included. Tenant pays electric through
In Franklin, Indiana locals can almost wave to their neighbors in Kentucky from across the Ohio River. Located on the outskirts of New Albany and 9 miles, or just a 15-minute drive, from the larger city of Louisville, it’s not uncommon to see new builds popping up across Franklin’s ridges and hollows. Surrounded by miles of farms and wooded hills, folk here tend to appreciate their area for its abundance of land, natural beauty, and the quiet sense of privacy that comes with it- though small-town and big city amenities can be found just a short drive away. Kimberly Bandy, a Realtor with the Breland Group, uses this analogy to describe Franklin, “If Louisville is kind of like New York City, then Southern Indiana is kind of like one of its boroughs.” Of course, there are a lot more grain silos here than in Brooklyn or Queens, but Franklin does have a distinctive personality complete with river views, farmland and plenty of space for horses.
In terms of housing, Franklin offers prospective buyers a diverse mix of brand-new construction with older properties. Between its miles of farmland and acres of forests, most homes are spread out a good distance from their neighbors and offer a peaceful, rural atmosphere. Over the last decade, Franklin also has seen the rise of planned communities like Poplar Wood, where large traditional and Classical Revival estates with over 3,000 square feet of space can sell from about $450,000 to $750,000. Older builds from the 1950s and '60s can also be found throughout the neighborhood, including bungalows, ranch-styles and Colonial Revival designs. Most properties in the neighborhood start at about $150,000, though many feature extensive acreage — think 40-plus acres of undeveloped land — and can sell for upwards of $600,000. When compared to similar properties across the river in Louisville, homes in Franklin are often less expensive with lower property taxes. “It’s an ideal market for first-time home buyers,” says Bandy.
Students in Franklin can attend school just a few miles down the road in New Albany. Young students start at S. Ellen Jones Elementary, which earns a B-rating from the educational review site, Niche, while fifth graders move on to Scribner Middle and New Albany High, both earning B-plus ratings. New Albany High School (NAHS) is best known for its award-winning theater program and annual Christmas mini-musical, which locals often attend. A few NAHS graduates have even gone on to star on Broadway and London’s West End.
For shopping and dining, Franklin residents often hop in the car and take a short drive over to nearby areas like Georgetown. Located right on Main Street, Village House Coffee serves morning pick-me-ups, breakfast pastries and custom-made seasonal beverages that patrons can enjoy on the shop's shady outdoor seating area. Or, for a dinner on-the-go, folks can stop by 812 Pizza and watch its chefs heat up their pies brick oven-style. When cooking at home, residents can pick up groceries and daily essentials from New Albany options like Kroger and Aldi. Big box retailers like Walmart, Marshalls and Target are also nearby for any shopping needs folks may have. In addition to national chains, Downtown New Albany is also a hotspot for dining, with a growing lineup of independently owned restaurants like Dragon King’s Daughter, which is known for their drunken chicken tacos. Jessica Carmichael, a local Realtor with Schuler Bauer Real Estate, recommends The Exchange Pub and Kitchen for its "excellent chef" and ever-changing menu items. "You might have short rib gnocchi one day and the next they'll switch over to a blackened salmon over orzo rice- it's really excellent," says Carmichael.
When folks are looking for an easy way to get outside, the Campbell-Woodland Nature Trails are located right in the neighborhood and span 122 acres of land. With paved, handicap-accessible paths and several routes to choose from, visitors can wade through cool streams or cross over wooden bridges while walking their dogs or perhaps taking a quiet jog beneath the shade of the park’s oaks and sugar maples. To see the Ohio River, Falls of the Ohio State Park offers a playground, views of Louisville's skyline and even historic fossil beds with educational information about the area's ancient history. For more recreational opportunities, folks can also visit Garry E. Cavan Park in Georgetown to find tennis courts, two playgrounds and even a horseshoe pit. Another nearby option is The Sporting Club at the Farm, located in Franklin just off of River Road. In addition to a popular indoor wedding venue, The Sporting Club is home to a family-friendly archery range and skeet shooting, where visitors fire shotguns at flying clay targets. "It's really popular down here," says Carmichael. "We're in the Midwest. We're in America. People here love their second amendment rights."
Each October, locals head into downtown New Albany to check out the Harvest Homecoming Festival. Residents can join in on the parade of vintage cars and homemade floats, or enroll in the Miss Harvest Homecoming pageant — the winners will later compete in Miss Indiana pageant — for a night of glamour and celebration. "It's great for local businesses who want to connect with the community. Local schools bring out there dance teams and there are lots of booths and vendors- it's a lot of fun," says Carmichael. Another local destination that offers entertainment throughout the year is Caesars Southern Indiana Hotel and Casino. Located just south of the neighborhood, folks can try their luck at an impressive selection of table games or catch a live show featuring touring musicians and comedians from across the country. Fans of the show Hell's Kitchen might also appreciate dining at the Gordon Ramsey Steakhouse, located in the casino.
Despite Franklin's rural setting, "People here can still get places rather quickly," says Carmichael, explaining that "all of the major highway and interstates down here connect things really well." Whether taking Indiana State Road 111 or driving along Budd Road, which passes right through the middle of Franklin, New Albany is just over 6 miles away from home and Downtown Louisville isn't much farther. Interstate 64 will take residents across the Sherman Minton Bridge into Downtown Louisville, which is about 11 miles, or a 20-minute drive, from Franklin. Residents can also access the Louisville International Airport right here in the city for all their travel needs, which offers direct flights to nearly 40 US cities. In the case of a medical emergency, Norton Clark Hospital is the closest option and is located right in New Albany.
Franklin receives a CAP Index crime score of 1 out of 10, which is lower than the national average. The national average is a score of 4.
Property Mix - Square Feet
New Albany Has More Owners
Rental Home Trends
Number of Homes for Rent
33
Median Rent
$1,100
Median Single Family Home Rent
$1,150
Median 4 Bedroom Single Family Home Rent
$1,450
Median Townhouse Rent
$1,125
Median 3 Bedroom Townhouse Rent
$1,400
Median Condo Rent
$950
Median 2 Bedroom Condo Rent
$1,095
Demographics
Total Population
39,425
Median Age
40
Population under 18
23.1%
On par with the national average
23.8%
Population over 65
19.1%
On par with the national average
19.1%
Finances
Median Household Income
$49,074
Significantly below the national average
$79,597
Average Household Income
$65,867
Education and Workforce
High School Graduates
87.6%
College Graduates
23.2%
Below the national average
34.1%
Advanced Degrees
9.6%
On par with the national average
13.3%
% Population in Labor Force
62.3%
Weather
Annual Precipitation
48''
Average Winter Low Temperature
28°F
Average Summer High Temperature
89°F
Annual Snowfall
14''
Area Factors
Fairly bikeable
Bikeability®
40/ 100
Fairly walkable
Walkability®
40/ 100
Limited public transit
Transit®
30/ 100
Source: Local Logic
Sources: Local Logic
Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.