03-28-2025, 10:46 AM
Albany, Georgia
The Albany real estate market presents a mix of opportunities and challenges. As of February 2025, the median listing home price was $148,500, reflecting an 18.8% increase year-over-year.
However, the median sale price was $60,000, down 73.6% from the previous year, indicating a significant gap between listing and sale prices. Homes are spending an average of 95 days on the market, suggesting a buyer's market with ample negotiation potential.
Deal Of The Day:
Single-Family Home in Albany, GA
Price: $115,000
Bedrooms: 3
Bathrooms: 2
Square Footage: 1,500
Estimated Monthly Rental Income: $1,200
Cap Rate: Approximately 7.5%
This property offers a solid investment opportunity with a favorable cap rate. Located in a stable neighborhood, it has potential for appreciation and consistent rental income.
Deal Rating: 7.8/10
Investment Strategy:
Seller Financing
In markets like Albany, where sellers may be motivated, consider negotiating seller financing. This arrangement allows the buyer to make payments directly to the seller, potentially reducing the need for traditional financing and offering more flexible terms.
Current Interest Rates:
30-Year Fixed Residential: 6.736%
15-Year Fixed Residential: 5.949%
5-Year ARM: 7.516%
These rates are subject to change and can vary based on the lender and borrower qualifications.
Real Estate Tip:
![[Image: mail?url=https%3A%2F%2Fmedia.beehiiv.com...JyXTmA--~D]](https://ecp.yusercontent.com/mail?url=https%3A%2F%2Fmedia.beehiiv.com%2Fcdn-cgi%2Fimage%2Ffit%3Dscale-down%2Cformat%3Dauto%2Conerror%3Dredirect%2Cquality%3D80%2Fuploads%2Fasset%2Ffile%2F1ce3f6f9-e07e-42e2-8297-89a0620a7dad%2Fimage.png%3Ft%3D1743086235&t=1743176243&ymreqid=6d1424b0-1d8b-5e55-1cd1-c90001010e00&sig=rkNvTlW_LO6jcDJEJyXTmA--~D)
Navigating a Buyer's Market:
In a buyer's market like Albany, investors have the advantage of negotiating favorable terms. Strategies include offering below asking price, requesting seller concessions, and conducting thorough due diligence to ensure the property's value aligns with investment goals.
Albany's economy is influenced by sectors such as healthcare, education, and manufacturing. The city has a population of approximately 67,000, with a cost of living 23% lower than the national average, making it attractive for both residents and investors. However, economic challenges have impacted housing demand, contributing to longer days on market.
Market Rating: 8.3/10
Key Takeaways:
Albany Market Update: Median listing price at $148,500; median sale price at $60,000.
Deal of the Day: $115,000 single-family home with a 7.5% cap rate.
Tip: Monitor market indicators to assess buyer leverage.
Investment Strategy: Explore seller financing for flexible purchase terms.
Interest Rates: 30-year fixed mortgage at 6.736%.
Economic Impact: Lower cost of living enhances investment appeal.
The Albany real estate market presents a mix of opportunities and challenges. As of February 2025, the median listing home price was $148,500, reflecting an 18.8% increase year-over-year.
However, the median sale price was $60,000, down 73.6% from the previous year, indicating a significant gap between listing and sale prices. Homes are spending an average of 95 days on the market, suggesting a buyer's market with ample negotiation potential.
Deal Of The Day:
Single-Family Home in Albany, GA
Price: $115,000
Bedrooms: 3
Bathrooms: 2
Square Footage: 1,500
Estimated Monthly Rental Income: $1,200
Cap Rate: Approximately 7.5%
This property offers a solid investment opportunity with a favorable cap rate. Located in a stable neighborhood, it has potential for appreciation and consistent rental income.
Deal Rating: 7.8/10
Investment Strategy:
Seller Financing
In markets like Albany, where sellers may be motivated, consider negotiating seller financing. This arrangement allows the buyer to make payments directly to the seller, potentially reducing the need for traditional financing and offering more flexible terms.
Current Interest Rates:
30-Year Fixed Residential: 6.736%
15-Year Fixed Residential: 5.949%
5-Year ARM: 7.516%
These rates are subject to change and can vary based on the lender and borrower qualifications.
Real Estate Tip:
Navigating a Buyer's Market:
In a buyer's market like Albany, investors have the advantage of negotiating favorable terms. Strategies include offering below asking price, requesting seller concessions, and conducting thorough due diligence to ensure the property's value aligns with investment goals.
Albany's economy is influenced by sectors such as healthcare, education, and manufacturing. The city has a population of approximately 67,000, with a cost of living 23% lower than the national average, making it attractive for both residents and investors. However, economic challenges have impacted housing demand, contributing to longer days on market.
Market Rating: 8.3/10
Key Takeaways:
Albany Market Update: Median listing price at $148,500; median sale price at $60,000.
Deal of the Day: $115,000 single-family home with a 7.5% cap rate.
Tip: Monitor market indicators to assess buyer leverage.
Investment Strategy: Explore seller financing for flexible purchase terms.
Interest Rates: 30-year fixed mortgage at 6.736%.
Economic Impact: Lower cost of living enhances investment appeal.
