The story of this market
The typical home in ZIP 47150 sells for about $249,450, or $151 per square foot.
Prices are up +9.9% from a year ago, so sellers still have some momentum. Homes take about 77 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,036 a month.
ZIP 47150 — New Albany
The 47150 housing market is currently experiencing moderate price growth with a median sale price of $249,450, reflecting a 9.9% year-over-year increase. However, the market is characterized by longer days on market and an elevated vacancy rate, suggesting a cooling trend in demand despite the price appreciation.
This area is a mixed-signal market that may appeal to budget-conscious buyers or investors, though the elevated vacancy rate suggests potential challenges for rental property owners.
Median prices moved up 9.9% year over year.
Homes spend a median of 77 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 15.3% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47150, Floyd County, Indiana
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Ad Valorem Property Assessment: Property is assessed at 100% of true tax value, determined by market-based assessment systems and annual adjustments. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. State (Indiana) — Indiana Property Tax Caps (Circuit Breaker): Limits annual property tax liability to 1% of gross assessed value for principal residences, 2% for other residential property, and 3% for non-residential property.
The rental market shows an average rent of $1,155 per month with a 5% year-over-year increase, though an elevated vacancy rate of 11.3% may signal weakening demand.
The local economy is anchored by the city of New Albany, with a mix of residential and commercial services typical of the Louisville metropolitan area.
Data sourced from US Census and Repit market reports.
- Kentucky Kingdom & Hurricane Bay4.38.2 mi
- Malibu Jack's Louisville4.415.9 mi
- Activate Games4.915.3 mi
- Sky Zone Trampoline Park4.119.5 mi
- Dave & Buster's Louisville413.3 mi
- Churchill Downs4.76.7 mi
- Kentucky Exposition Center4.48.3 mi
- Louisville Slugger Museum & Factory4.85.7 mi
- KFC Yum! Center4.56.3 mi
- Kentucky International Convention Center4.56.1 mi
- Churchill Downs4.76.7 mi
- Louisville Slugger Museum & Factory4.85.7 mi
- Louisville Zoo4.59.7 mi
- Lights Under Louisville4.710 mi
- Louisville Mega Cavern4.510 mi
- Louisville Slugger Museum & Factory4.85.7 mi
- Kentucky Derby Museum4.76.7 mi
- The Waverly Hills Sanatorium4.69.4 mi
- Muhammad Ali Center4.85.9 mi
- Mellwood Art Center4.68.4 mi
- Waterfront Park4.76.9 mi
- Cherokee Park4.89.4 mi
- Falls of the Ohio State Park4.65.8 mi
- Iroquois Amphitheater4.78.7 mi
- Waterfront Botanical Gardens4.77.9 mi
- RiverPark Place Marina4.57.8 mi
- Jeffersonville’s Fishermans Wharf4.67.2 mi
- Covered Bridge Golf Club4.512.6 mi
- Hidden Creek Golf Club4.510.2 mi
- Seneca Golf Course4.210.9 mi
- South Seas Tiki & Golf Lounge4.37.7 mi
- Different Strokes Golf Center4.610.2 mi
- Huber's Orchard & Winery4.611.4 mi
- Burlington3.712 mi
- Meijer4.37.1 mi
- Fleur De Flea Vintage Market4.77.4 mi
- Meijer4.29.5 mi
- Louisville Muhammad Ali International Airport4.310 mi
- Bowman Field4.511.3 mi
- Louisville Regional Airport Authority4.38.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.