Land and home values in New Albany, IN
New Albany is a city in Floyd County, Indiana, home to about 37,581 people. Residential land runs about $4.08 per sq ft, the typical home is worth about $209,000, and a 2-bedroom rents for about $1,230 a month, as of October 12, 2026.
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| Land: residential | $4.08 | per sq ft |
| Land: residential | $177,638 | per acre |
| Land: quarter-acre lot | $44,409 | 10,890 sq ft |
| Home: typical (median) | $209,000 | value |
| Home: entry-level | $130,000 | lower quartile |
| Home: upper-end | $222,000 | upper quartile |
| Build new | $194 | per sq ft, no land |
| Rent: 1-bedroom | $1,020 | per month |
| Rent: 2-bedroom | $1,230 | per month |
| Rent: 3-bedroom | $1,580 | per month |
| Rent: 4-bedroom | $1,840 | per month |
| Gross yield, 2-bed | 7.1% | a year |
Questions people ask
How much is land worth in New Albany, IN?
Residential land in New Albany, IN is about $4.08 per square foot, or $177,638 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $44,409. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in New Albany, IN?
The typical (median) home in New Albany, IN is worth about $209,000, with entry-level homes around $130,000 and upper-end homes around $222,000, as of October 2026.
How much is rent in New Albany, IN?
A 2-bedroom rents for about $1,230 a month in New Albany, IN, a 1-bedroom about $1,020 and a 3-bedroom about $1,580 (gross rent including utilities, HUD Fair Market Rent basis).
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.