Commercial Real Estate Market in Albany, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 44 off-market properties in Albany, IL.
Market Trends
Albany, IL spans 19.2 square miles in Whiteside County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Albany, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Albany, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Albany, IL runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Albany, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Agricultural 45.5%
- Residential 39.1%
- Commercial 8%
Largest Zones share of zoned land by district
Agriculture
Residential
Commercial
No Zoning
Residential 2
Market overview
Demographics & Economy
Albany, IL has 1,191 residents in 431 households. Density runs 62 people per square mile. Median household income here is $77,344 and median gross rent $875 a month.
1,191
Population
431
Households
2.8
Avg Household Size
44
Median Age
14%
College-Educated
96%
High-School Grad
19.2 sq mi
ZIP Area
62
Density / Sq Mi
$77,344
Median Household Income
$45,150
Median Earnings
$875
Median Rent
$150,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Camanche | — | — |
| Clinton | — | $13.78 |
| Teeds Grove | — | — |
| East Clinton | — | — |
Frequently Asked Questions
Where does Realmo's Albany market data come from?
Realmo compiles Albany, IL figures from 3 active sale listings, 44 tracked off-market properties, the current Albany zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 0 active for-lease listings in Albany, IL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 564 zoned acres across 5 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
