How much do homeowners pay a month in New Albany, OH?
Homeowners with a mortgage in New Albany, OH pay a median of $3,737 (±$398) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $1,500 or more.
76.1% of owned homes carry a mortgage.
In New Albany, the median monthly cost with a mortgage went from $3,496 in 2015–2019 to $3,737 in 2020–2024 (+6.9%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Figures last updated on .
- With a mortgage
- $3,737 (±$398)
- Without a mortgage
- $1,500 or more
- Owned with a mortgage
- 76.1%
Monthly owner costs in New Albany
| New Albany | Franklin County | Ohio | United States | |
|---|---|---|---|---|
| With a mortgage | $3,737 (±$398) | $1,781 (±$19) | $1,517 (±$5) | $1,963 |
| Without a mortgage | $1,500 or more | $748 (±$9) | $588 (±$2) | $638 |
| Owned homes with a mortgage | 76.1% (±5.1 points) | 69.5% (±0.7 points) | 60.6% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $10,000 or more | $4,244 (±$68) | $2,822 (±$10) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In New Albany, the median cost with a mortgage is higher than in Franklin County ($1,781).
It is also higher than in Ohio ($1,517).
It is higher than the national figure ($1,963).
In Franklin County, New Albany ranks 2 of 45 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 8 of 2,330.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in New Albany have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $3,496 (±$188) | $3,737 (±$398) | +6.9% | Down after inflation |
| Median home value | $497,800 (±$24,865) | $772,100 (±$41,816) | +55.1% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near New Albany
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| New Albany | — | $3,737 (±$398) | — |
| Plain Township (Franklin County) | 1.3 mi | $3,494 (±$297) | Not measurably different |
| Jersey Township | 3.2 mi | $1,929 (±$782) | Lower |
| Jefferson Township (Franklin County) | 4.7 mi | $2,389 (±$118) | Lower |
| Harlem Township | 5.2 mi | $2,429 (±$297) | Lower |
| Pataskala | 5.7 mi | $1,847 (±$74) | Lower |
| Monroe Township (Licking County) | 6.0 mi | $1,843 (±$113) | Lower |
| Johnstown | 6.2 mi | $1,736 (±$149) | Lower |
| Gahanna | 6.6 mi | $2,104 (±$118) | Lower |
Nearby places with a measurably lower figure: Jersey Township, OH ($1,929), Jefferson Township (Franklin County), OH ($2,389), Harlem Township, OH ($2,429).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Franklin County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 | Marble Cliff | $4,000 or more |
| 2 | New Albany | $3,737 (±$398) |
| 3 | Plain Township (Franklin County) | $3,494 (±$297) |
| 4 | Brown Township (Franklin County) | $3,218 (±$165) |
| 5 | Upper Arlington | $3,189 (±$143) |
| 6 | Dublin | $3,055 (±$123) |
| 7 | Perry Township (Franklin County) | $3,041 (±$206) |
| 8 | Washington Township (Franklin County) | $2,936 (±$118) |
Showing 8 of 45 places in Franklin County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about New Albany
What is the average mortgage payment in New Albany?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in New Albany, OH is $3,737 (±$398) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in New Albany?
Owners without a mortgage in New Albany pay a median of $1,500 or more a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in New Albany gone up?
In New Albany, the median monthly cost with a mortgage went from $3,496 in 2015–2019 to $3,737 in 2020–2024 (+6.9%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — New Albany city, Ohio
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — New Albany city, Ohio
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — New Albany city, Ohio
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — New Albany city, Ohio
- Median Value (B25077), 2015–2019 ACS 5-year estimates — New Albany city, Ohio
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for New Albany city, Ohio (place:53970, in state:39).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
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