New Albany, IN — Momentum Score, Home Values & Best-For

All states·Indiana·New Albany

Floyd County · Louisville/Jefferson County · population 37,652

First-time buyers
New Albany, IN
Image: Wikipedia · New Albany, Indiana
OverviewCost of livingMoving guide
View watchlist →
71
Rising
Momentum score · 0–100

Where New Albany stands

At or near all-time high. rents up 5.9% in the last year.

Median home $238,608
1-year +3.5%
5-yr CAGR +5.8%
vs 5-yr peak +0.0%
Population -0.1%/yr

Home value trajectory · last 10 years

Zillow ZHVI · monthly
peak 2026-04$239k$111k$157k$203k$248k201620182020202220242026

Lifestyle scores

🚶
Walkability
32/100
Very car-dependent
Estimated from population density. Higher = denser, more amenities within walking distance.
🚉
Public transit
22/100
Transit limited
Curated list of major US transit systems + population-based estimate. Higher = real subway/rail/bus options.
💻
Remote work fit
85/100
Excellent for remote work
Composite of city size, housing cost, state tax structure, and region's remote-work track record.

Scores are heuristic estimates from population density, state, and known transit/walkable cities. Not based on a paid Walk Score / Transit Score API — see methodology for the formula.

Rent trajectory · last 5 years

Zillow ZORI · monthly
$1,251/mo$0$663$1,326202220242026

Home value vs rent · indexed to 100

Both rebased at first month of ZORI data (~2015)
Home valueRent11612280100120202220242026

Rent vs buy

Price-to-rent ratio: 15.9
Lean buy

At a 15.9 price-to-rent ratio, New Albany is in the 'depends on horizon' zone. Buy if you'll be there 5+ years and value flexibility on the home; rent if you might move, want zero maintenance friction, or expect rates to drop.

How the momentum score breaks down

methodology →
Home YoY
67 · w22%
Home 5-yr CAGR
68 · w22%
Distance from peak
90 · w18%
Population growth
43 · w16%
Rent YoY
84 · w12%
Home 10-yr CAGR
75 · w10%
Long thesis

New Albany has held up across the cycle: home values at $238,608 with +5.8% 5-year CAGR. The bull case is structural — population, location, employer base — and holds even if next year's print is soft.

Short thesis

New Albany's bear case is the boring one: the cycle is real and any market that's run hard can stall. Watch for slowing population growth, rising days-on-market, or builder discounts as the early warning signals.

About New Albany

New Albany is a city in Floyd County, Indiana, with an estimated population of 37,652. It anchors the Louisville/Jefferson County metro area. The median home value in New Albany is $238,608 as of 2026-04, up 3.5% over the last 12 months. Over the last five years, home values have averaged +5.8% annual growth, with prices at or near the 5-year peak. Rents in New Albany average $1,251 per month, up 5.9% year-over-year. The composite momentum score is 71 of 100 (Rising). The market is healthy with prices supported by underlying demand.

▲ Bull case

●Affordable AND rising: median home $238,608 with positive recent direction — rare combination most of the country can’t offer.
●Healthy 5-year run: +5.8% annualized over 5 years, outpacing US inflation.
●Quiet strength: +3.5% over the trailing year — not a melt-up, but the market is bid.
●Held the highs: currently +0.0% from the 5-year peak — this market refused to give back gains.
●Hot rental market: rents up 5.9% YoY — landlords have pricing power, supports new investment math.

▼ Bear case

○Local nuance: city-level data smooths over neighborhood differences. School zones, HOA rules, and street-level character matter — visit before deciding.

About New Albany (Wikipedia)

New Albany is a city in New Albany Township, Floyd County, Indiana, United States, situated along the Ohio River, opposite Louisville, Kentucky. The population was 37,841 as of the 2020 census. The city is the county seat of Floyd County. It is bounded by I-265 to the north and the Ohio River to the south, and is considered part of the Louisville metropolitan area. The mayor of New Albany is Jeff Gahan, a Democrat; he was re-elected in 2023.

Source: Wikipedia · this summary is contributed and licensed under CC-BY-SA.

Playbook

Buyer

You're not in a frenzy but you're not getting bargains either. Make a competitive offer with normal inspection terms. Don't lowball — the listing will move with or without you.

Seller

Price at fair market value; expect movement in 30-45 days. Don't get clever with terms (rent-back, contingencies) — buyers in a Rising market have options.

Investor

Appreciation tailwind exists but cash flow requires discipline on price. Run the numbers conservatively and confirm rent comps before committing.

Local safety & alerts

No active National Weather Service alerts for Floyd County right now.

NWS active alerts (IN)Indiana Emergency ManagementHow to prepare (NWS)

Public-safety links are official .gov sources, not curated by us. Floyd County routes NWS alerts; check the state EM portal for non-weather emergencies.

Neighborhoods of New Albany

2 tracked · ranked by median home value
1Midtown$178,615-1.2%
2Fairmont$171,202+10.3%

Cities like New Albany

Mishawaka, IN71 · RisingWarsaw, IN70 · RisingColumbus, IN71 · RisingClarksville, IN71 · Rising

Run the numbers for New Albany

ToolCan I afford New Albany?Income → city shortlistToolROI on a New Albany rentalCap rate, cash-on-cash, DSCRToolCompare New Albany to anywhereSide-by-side up to 3 citiesToolNew Albany cost-of-livingEquivalent income elsewhere

Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.

Climate & natural-disaster risk

Winter (Jan)
35° / 19°
avg high / low
Summer (Jul)
85° / 64°
avg high / low
Sunny days/yr
186
~51% of year
Annual precip
42″ rain
20″ snow
Disaster risk (1=very low, 5=very high)
Hurricane
Very low
Tornado
High
Wildfire
Very low
Earthquake
Low
Flood
Moderate

State-level averages from NOAA Climate Normals (1991-2020) and FEMA National Risk Index. City-level conditions can vary significantly within a state.

Current weather

Loading current conditions…

7-day forecast on weather.gov →

Find rentals & listings

Open current New Albany listings on the major real-estate sites.

Links open the live search on the destination site — results are always current.

Local news & community

Updated 2026-05-21 from Google News + Reddit RSS. Headlines link to original sources.

Local sports teams

Major professional teams the Louisville/Jefferson County area cheers for. Detailed stats, schedules, and player pages on intherafters.com.

Local economy & environment

Humidity
72%
Humid climate
Median household income
$67,200
Indiana state median
Top industries (state-level)
Manufacturing (auto)HealthcareLogistics

Humidity is annual average relative humidity (NOAA). Income is Census ACS 5-year estimate. Industries are largest employment sectors statewide (BLS); the local mix in a given city may vary.

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