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Albany city, GA

ZIP 31701 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Low Income AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 31701

Median Home Value
$97,400
Median Rent
$523
Affordability Snapshot
$27,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$626/mo PITI).

19%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

15.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 31701 in Albany city, GA, a household would need roughly $27,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $626. That sits below the local median household income ($32,902), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 24% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
35.1%-46% vs US avg
x
Vacancy Rate
23.7%+130% vs US avg
x
Broadband Access
71.4%-18% vs US avg
x
4+ Bedrooms
1.1%-92% vs US avg
x
Built Pre-1939
8.6%-33% vs US avg
x
Built Post-2014
0.3%-95% vs US avg
x
Rent Burden >30%
28.7%-42% vs US avg
x
Mortgage-Free
52.5%+37% vs US avg
x
$97,400
Home Value
$523
Rent
1968
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached57.7%
  • 1-unit attached3.1%
  • 2-9 units31.0%
  • 10+ units7.0%
  • Mobile home & other1.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$97,400
Median rent$523
Owner-occupied35.1%
Vacant23.7%
Price-to-income3.0x
Est. income to buy$27,000