New Albany, OH housing market
Typical home value
$628K
▲ 1.9% 1 yr
Typical rent
$1,958/mo
▲ 7.8% 1 yr
Gross rent yield
3.7%
U.S. 6.3%
5-year home value change
+32%
U.S. +20%
Key takeaways
- 1The typical home in New Albany is worth $628,452, up 1.9% over the past year and up 32% over five years.
- 2Typical rent is $1,958 a month (+7.8% YoY), a gross rent yield of 3.7% (below the Columbus, OH metro's 5.6%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $3,454/mo, $1,496 more than typical rent.
- 4Zillow forecasts the Columbus, OH metro's home values to change +2.1% over the next 12 months.
Market temperature (Columbus, OH metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 34/100, #375 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How New Albany compares
| Measure | New Albany | Columbus, OH metro | United States |
|---|---|---|---|
| Typical home value | $628,452 | $326,910 | $366,157 |
| Home value, 1-yr change | +1.9% | +1.3% | +1.2% |
| Typical rent | $1,958 | $1,525 | $1,932 |
| Rent, 1-yr change | +7.8% | +2.9% | +2.7% |
| Gross rent yield | 3.7% | 5.6% | 6.3% |
| Price-to-rent ratio | 26.7 | 17.9 | 15.8 |
| Mortgage P&I, typical home | $3,454 | $1,797 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical New Albany rental, pre-filled.
Rent vs buy in New Albany
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $628K home.
Landlord in Ohio? See Ohio deposit, late fee and notice rules.
Other cities in the Columbus, OH metro
Columbus, OH
$243K home$1,471 rent
▼ 1.1% 1 yr
Westerville, OH
$446K home$1,629 rent
▲ 1.5% 1 yr
Grove City, OH
$330K home$1,556 rent
▲ 1.3% 1 yr
Hilliard, OH
$381K home$1,573 rent
▲ 0.6% 1 yr
Lancaster, OH
$276K home$1,226 rent
▲ 2.8% 1 yr
Dublin, OH
$559K home$1,732 rent
▲ 1.5% 1 yr
Newark, OH
$247K home$1,420 rent
▲ 3.4% 1 yr
Delaware, OH
$413K home$1,622 rent
▲ 0.6% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.