What is the median rent in New Albany, OH?
The median gross rent in New Albany, OH is $2,355 (±$256) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 362 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In New Albany, the median gross rent went from $1,904 in 2015–2019 to $2,355 in 2020–2024 (+23.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median gross rent
- $2,355 (±$256)
- Rented homes
- 362 (±128)
- $2,000 or more
- 75.7%
- Since 2015–2019
- +23.7%
How much rent costs in New Albany
| Monthly gross rent | New Albany | Franklin County | Ohio | United States |
|---|---|---|---|---|
| Less than $500 | 1.9% (±3.2 points) | 4.3% | 8.8% | 6.3% |
| $500 to $999 | 0.0% (±9.8 points) | 18.0% | 38.3% | 20.2% |
| $1,000 to $1,499 | 0.0% (±9.8 points) | 44.5% | 34.5% | 28.1% |
| $1,500 to $1,999 | 22.4% (±16.6 points) | 23.0% | 12.3% | 21.1% |
| $2,000 to $2,499 | 36.2% (±23.8 points) | 7.0% | 3.7% | 12.0% |
| $2,500 to $2,999 | 23.2% (±14.8 points) | 1.7% | 1.1% | 5.5% |
| $3,000 or more | 16.3% (±12.7 points) | 1.4% | 1.3% | 6.8% |
The most common range is $2,000 to $2,499, paid by 36.2% of renting households.
75.7% of rented homes in New Albany cost $2,000 or more a month.
New Albany against Franklin County, its state and the nation
| New Albany | Franklin County | Ohio | United States | |
|---|---|---|---|---|
| Median gross rent | $2,355 (±$256) | $1,302 (±$9) | $1,034 (±$5) | $1,413 |
| Rented homes paying rent | 362 (±128) | 255,150 (±2,942) | 1,512,031 (±11,174) | 42,849,984 |
In New Albany, median gross rent is higher than in Franklin County ($1,302).
It is also higher than in Ohio ($1,034).
It is higher than the national figure ($1,413).
In Franklin County, New Albany ranks 1 of 44 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 13 of 1,916.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in New Albany has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $1,904 (±$391) | $2,355 (±$256) | +23.7% | No measurable change after inflation |
| Households that rent | 7.6% (±3.1 points) | 11.3% (±3.5 points) | +3.7 percentage points | Not a measurable change |
| Rental vacancy rate | 8.2% (±14.3 points) | 1.9% (±3.2 points) | −6.3 percentage points | Not a measurable change |
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 gross rent in places near New Albany
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| New Albany | — | $2,355 (±$256) | — |
| Plain Township (Franklin County) | 1.3 mi | $2,258 (±$325) | Not measurably different |
| Jersey Township | 3.2 mi | $1,697 (±$283) | Lower |
| Jefferson Township (Franklin County) | 4.7 mi | $1,357 (±$916) | Lower |
| Harlem Township | 5.2 mi | $1,311 (±$242) | Lower |
| Pataskala | 5.7 mi | $1,387 (±$148) | Lower |
| Monroe Township (Licking County) | 6.0 mi | $1,033 (±$431) | Lower |
| Johnstown | 6.2 mi | $886 (±$261) | Lower |
| Gahanna | 6.6 mi | $1,466 (±$56) | Lower |
Nearby places with a measurably lower figure: Jersey Township, OH ($1,697), Jefferson Township (Franklin County), OH ($1,357), Harlem Township, OH ($1,311).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Franklin County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 1 | New Albany | $2,355 (±$256) |
| 2 | Plain Township (Franklin County) | $2,258 (±$325) |
| 3 | Minerva Park | $2,186 (±$247) |
| 4 | Pleasant Township (Franklin County) | $2,014 (±$1,931) |
| 5 | Grandview Heights | $1,750 (±$72) |
| 6 | Canal Winchester | $1,692 (±$292) |
| 7 | Washington Township (Franklin County) | $1,691 (±$96) |
Showing 7 of 44 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 rent in New Albany, OH?
The Census Bureau publishes the median rather than the average: the median gross rent in New Albany is $2,355 (±$256) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in New Albany?
In New Albany, the median gross rent went from $1,904 in 2015–2019 to $2,355 in 2020–2024 (+23.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
How many rentals in New Albany cost more than $2,000 a month?
75.7% of rented homes in New Albany have a gross rent of $2,000 or more a month, and 1.9% cost less than $500.
Is rent in New Albany higher than in Franklin County?
In New Albany, median gross rent is higher than in Franklin County ($1,302).
It is also higher than in Ohio ($1,034).
It is higher than the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — New Albany city, Ohio
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — New Albany city, Ohio
- Selected Housing Characteristics (DP04), 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) 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 B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
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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