The median home in New Albany, Indiana is valued at $228,499, up 3.4% year over year. Typical monthly rent is $1,138, producing a price-to-rent ratio of 16.7x — near the national average of 18x. New Albany is part of the Louisville/Jefferson County, KY-IN metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Louisville/Jefferson County, KY-IN stress score, crash risk, and 12-month forecast →

Home Value$228,499

+3.4%

Rent$1,138/mo

AFFORDABILITY

Enter your income for New Albany.

Income (annual)

Down Payment

$45,700 on $228,499

Affordable — 23.2% of income

Under the 28% guideline.

PITI$1,451

P/I23.2%

Afford$276K

Room+$47K

P&I $1,155Tax $162Ins $133

Renting $313/mo cheaper ($1,138 rent)6.50% 30yr, 20% down, county tax + IN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Indiana

Compare New Albany with other housing markets across Indiana.

Dune Acres$889K Clear Lake$747K Long Beach$720K Zionsville$661K Carmel$548K Michiana Shores$540K Ogden Dunes$467K Westfield$460K

Full Louisville/Jefferson County, KY-IN analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Louisville/Jefferson County, KY-IN metro.

View Louisville/Jefferson County, KY-IN metro →

NEW ALBANY, IN