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The median home value in New Albany, IN is $240,674 as of 2026-07-31, up 2.88% from a year earlier.
Median Home Value
$240,674
Year-over-Year
+2.88%
Population
37,174
New Albany ranks #54 of 87 Indiana cities tracked here by median home value, and sits 10.7% below the state's city median of $269,376. It sits in Floyd County, where the county-wide median is $289,954.
Median household income in New Albany is $54,710, so the typical home value is about 4.4× annual household income. This is a simple price-to-income benchmark rather than a monthly payment estimate; it does not account for mortgage rates, down payments, taxes or insurance.
Household income comes from the U.S. Census Bureau's ACS 5-Year Estimates, table B19013 (how the affordability measure works).
New Albany police recorded a violent crime rate of 266 per 100,000 residents in 2024 — around the middle of the range for reporting cities. Property crime runs at 2,421 per 100,000.
Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).
People often call this an average home price, but the figure shown here is Zillow's typical home value (ZHVI), not a simple arithmetic average. In New Albany, that value is $240,674. That's up 2.88% from a year earlier. It is about 10.7% below the typical Indiana city tracked here.
Homes in New Albany are cheaper than Floyd County as a whole, where the median is $289,954 — a difference of about 17.0%.
Median household income here is $54,710, so the typical home value is about 4.4× annual household income. This ratio is a broad comparison measure, not a mortgage-payment estimate.
New Albany police reported 266 violent crimes per 100,000 residents, covering a population of about 37,174. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.