Commercial Real Estate Market in Albany, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
11 active listings and 208 off-market properties in Albany, OH.
Market Trends
Albany, OH spans 97.2 square miles in Athens County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Albany, OH 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, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Albany, OH 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, OH 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
- Residential 47.1%
- Commercial 25.6%
- Agricultural 25%
- Planned_development 2.3%
Largest Zones share of zoned land by district
Residential 1
Rural District
Business 1
Business 2
Residential 2
Albany, OH zones 872 acres across 7 districts. Commercial zoning covers 25.6% of zoned land, residential 47.1%. The largest single district is Residential 1 at 42.3%. For commercial buyers the practical constraint is that only 25.6% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Albany, OH has 5,547 residents in 2,318 households. Density runs 57 people per square mile. Median household income here is $78,866 and median gross rent $920 a month.
5,547
Population
2,318
Households
2.4
Avg Household Size
43
Median Age
27%
College-Educated
92%
High-School Grad
97.2 sq mi
ZIP Area
57
Density / Sq Mi
$78,866
Median Household Income
$46,488
Median Earnings
$920
Median Rent
$181,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| New Marshfield | — | — |
| Shade | — | — |
| Dexter | — | — |
| Langsville | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Albany?
Albany, OH zones 872 acres across 7 districts, of which 25.6% is commercial and 0% industrial. The largest single district is Residential 1 at 42.3% of zoned land. Residential zoning covers 47.1% and open space 0%.
Where does Realmo's Albany market data come from?
Realmo compiles Albany, OH figures from 7 recent recorded sales, 11 active sale listings, 208 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 11 active for-sale and 0 active for-lease listings in Albany, OH. 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: 872 zoned acres across 7 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
