Albany, TX
Population 1,725 · Texas
About Albany, TX
Albany is a small town located in Texas with a population of 1,725 residents according to the latest US Census Bureau American Community Survey data. The median household income is $56,339 per year, which is 25% below the national median of $75,149. The median age of 43.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Albany features a median home value of $162,500, which is 34% below the national median of $244,900. This positions Albany in a moderately priced market relative to the rest of the country. Median monthly rent is $478, 59% below the national average of $1,163/month. Of the 830 total housing units, 79% are owner-occupied (561 units) and 21% are renter-occupied (146 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Albany shows an unemployment rate of 9.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 16.7%, above the national average of 12.4%. Workers in Albany have an average one-way commute time of 21.7 minutes.
Education & Demographics
32.7% of Albany residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 18.1% White, 3.0% Hispanic or Latino, 0.0% Black or African American, and 1.0% Asian residents, with 0.0% of the population being foreign-born.
How Albany Ranks in Texas
Cost of Living in Albany, TX
Compared to national averages, Albany has a median household income of $56,339 (25% below the national median of $75,149). Home values average $162,500, which is 34% below the national median. Monthly rent at $478 is 59% below the US average of $1,163. Within Texas, Albany's income is 23% below the state average of $72,726, and home values are 23% below the state median of $211,769.
Why Live in Albany, TX?
Albany offers affordable housing with a median home value of $162,500, below the US average of $244,900, and rent that’s lower than the national average at $478/month, and short commute times averaging just 21.7 minutes.
Potential considerations include median household income ($56,339) that falls below the national average. However, Albany’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Albany has a population of 1,725 with a median age of 43.2 years. Compare Albany with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Albany
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Quail Creek | 1,722 | $83,523 | $191,100 | Compare |
| Grapeland | 1,720 | $36,918 | $154,000 | Compare |
| Bangs | 1,731 | $50,486 | $106,300 | Compare |
| Crosbyton | 1,718 | $39,000 | $58,900 | Compare |
| Goldthwaite | 1,733 | $63,942 | $115,900 | Compare |
| Flatonia | 1,741 | $66,344 | $176,700 | Compare |
| César Chávez | 1,742 | $80,276 | $0 | Compare |
| Linden | 1,742 | $47,542 | $128,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Albany With Other Cities
Frequently Asked Questions about Albany
What is the population of Albany, TX?
The population of Albany, TX is 1,725 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Texas.
What is the median household income in Albany?
The median household income in Albany, TX is $56,339 per year, which is 25% below the national median of $75,149.
What is the median home value in Albany?
The median home value in Albany, TX is $162,500, which is 34% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Albany?
The median monthly rent in Albany, TX is $478, which is 59% below the national average of $1,163/month.
What is the unemployment rate in Albany?
The unemployment rate in Albany, TX is 9.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Albany, TX a good place to live?
Albany offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,725 and a median age of 43.2, the city appeals to a broad range of residents.
How educated is Albany, TX?
32.7% of residents in Albany aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Albany?
Key cost-of-living indicators for Albany, TX: median home value is $162,500 (34% below national), median rent is $478/month, and median household income is $56,339. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Albany?
The poverty rate in Albany, TX is 16.7%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Albany, TX?
Albany's population is 18.1% White, 3.0% Hispanic or Latino, 0.0% Black or African American, 1.0% Asian, and 0.8% two or more races. 0.0% of residents are foreign-born.