Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Albion

Learn about the people, housing, costs and businesses in Albion, Oklahoma

Median Home$123,400
Median Rent$518/month
Population59
Leading IndustriesEducation · Wholesale Trade · Information & Media5% education
Retirees33% of residentstop 4% nationally
Homeowners74% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableAffordable Market$123k median home · lower cost than 83% of the country
Albion
OK

Frequently Asked Questions

What are today's mortgage rates in Albion?

As of today, the 30-year fixed mortgage rate for Albion is approximately 6.953% (6.994% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Albion
What is the median home price in Albion?

The median home value in Albion is $123k. The median monthly rent is $518. Annual property taxes average $447. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Albion?

Based on a typical all-in ownership cost of $501/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $21k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Albion is $43k/year.

Calculate your buying power
What industries drive the economy in Albion?

The largest employment sectors in Albion are public administration (20%) and wholesale trade (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.