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New Albany

New Albany

Located in Union County

$203,251 Average Value
$149 Average Price per Sq Ft
36 Homes For Sale

State's longest rail trail runs through walkable downtown New Albany

Festivals, trails and a vibrant downtown draw buyers and visitors to New Albany. "It's a quiet and laidback area near Tupelo that has an awesome downtown—you'll see a lot of people window shopping," says Realtor Lee Gates with J. Morris Realty. "There's also been interest in New Albany and the surrounding areas because the schools are highly rated and people want to live near the schools." New Albany also has community events and investment into the town's recreation areas, like the Tanglewood Trail. "The trail is a renovated railway, and people come from all over to jog, walk and bike. You can even rent bikes from the city library and take them down the trail," Gates says.

Ranch-styles, Craftsman-styles and farmland offer variety

Homes are spread across New Albany, surrounded by acres of fertile Mississippi farmland, green crop fields and piney woods. Closer to the downtown area are ranch-styles, cottages and Craftsman-style houses. As housing expanded from the heart of New Albany, there are New Traditional houses with larger yards and backyard pools. Most residences sit on modest, well-manicured lawns dotted with magnolia, oak and pine trees. There is also some new construction, typically in modern farmhouse styles. The median sale price for a home is $225,000. There is also land for sale on the outskirts of town, ranging from 2.5 acres for $30,000 to 8 acres for $60,000.

Tanglefoot Trail and riverside parks are local favorites

New Albany offers residents and visitors a variety of outdoor recreation. One of the most popular is the Tanglefoot Trail, which follows the path of a former railway. The trail connects to the Park Along the River, where walking paths wind around the banks of the Little Tallahatchie. "The city has been renovating the park to make it more robust," Gates says. "It's been expanded to have a pavilion, sports courts, play areas, a dog park and a disc golf course." Other recreation options include Shady Dell Park, which has sports courts and a playground surrounded by towering pine trees that give the park its name. Cooper Park is located downtown and is home to several events, including the annual Christmas tree lighting. New Albany is also in an area of Mississippi with prehistoric indigenous mounds from the Woodland Period. The nearby Ingomar Mounds have educational placards that tell the history of the mounds and the relics excavated by the Smithsonian Institution.

Downtown blends shops, restaurants and a Faulkner library

The community has a traditional downtown along Bankhead Street, which features original storefronts, now occupied by specialty shops, bakeries, boutiques and restaurants. There are also churches and attractions like the Magnolia Theatre of New Albany. In addition to hosting musicals and plays, the theatre has an event room for community gatherings. Nearby is the Union County Heritage Museum, which has a library dedicated to William Faulkner, who was born in New Albany. Downtown is also known for its locally owned eateries. Two Sisters Diner has a homestyle buffet, Sugaree's Bakery offers cakes and other desserts, and Nico's has classic Italian pasta and pizzas. West on Bankhead Street and surrounding Interstate 22 are chain restaurants and grocery options like Reed's Market, Walmart and La Guadalajara Tienda. More dining and retail options are available in nearby cities like Tupelo and Oxford.

Community traditions include RiverFest and a Christmas parade

New Albany hosts several events throughout the year. Tallahatchie RiverFest is the most popular, bringing together residents and visitors each September. "It's a major festival every year," Gates says. "There are local food and farm vendors, and the downtown businesses have open houses. They also have fair games, a bounce house and a live band on Saturday." In November, the Mississippi Hill Folk Life and Craft Fest offers historical activities and traditions for community members at the Union County Heritage Museum. Each December, there is the Community Tree Lighting at Cooper Park and the Christmas on Bankhead Street celebration. The holiday event features a parade with local floats, music and Santa Claus.

Highways connect New Albany to Oxford, Tupelo and Memphis

New Albany is connected to several major thoroughfares, including Interstate 22 and Mississippi highways 15, 30 and 178. These connect the town to nearby cities like Oxford, 30 miles west, and Tupelo, 30 miles east. Tupelo is also home to one of the nearest airports, Tupelo Regional. Memphis International is another option, around 70 miles away. New Albany is home to Baptist Memorial Hospital-Union County.

Micaela Green
Written By
Micaela Green

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

New Albany Housing Trends

Housing Trends

Median List Price
$309,900
Median Sale Price
$252,000
Median Single Family Sale Price
$311,000
Median Change From 1st List Price
7%
Last 12 months Home Sales
11
Median Home Sale Price YoY Change
24%
Average Price Per Sq Ft
$149

Area Facts

Number of Homes in Neighborhood
468
Number of Homes for Sale
36
Median Year Built
1991
Months of Supply
39.30
Average Single Family Home Size Sq Ft
2,156
Above the national average
1,925
Average Townhouse Size Sq Ft
2,443
Median Lot Size Sq Ft
23,086

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

New Albany Has More Owners

Demographics

Total Population
8,362
Median Age
39
Population under 18
25.9%
On par with the national average
23.8%
Population over 65
19.5%
On par with the national average
19.1%

Finances

Median Household Income
$44,092
Significantly below the national average
$71,702
Average Household Income
$65,115

Education and Workforce

High School Graduates
78.4%
Below the national average
89.1%
College Graduates
18.6%
Below the national average
34.1%
Advanced Degrees
5.7%
% Population in Labor Force
60.9%

Weather

Annual Precipitation
58''
Average Winter Low Temperature
34°F
Average Summer High Temperature
93°F
Annual Snowfall
0''

Area Factors

Bikeable

Bike Score®®

61 / 100

Car-Dependent

Walk Score®®

29 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the 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.
New Albany