Is New Albany, OH a good place to invest in rental property?

New Albany, OH has a median modeled monthly cash flow of $-3,924 and a median cap rate of 1.1%, on a median sold price of $786,500. Prices changed +4.2% year over year.

What is the average cap rate in New Albany, OH?

The median cap rate across recently sold homes in New Albany, OH is 1.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in New Albany, OH?

The median sold price in New Albany, OH is $786,500 (about $247 per square foot).

Investing in New Albany, OH Real Estate

A data-driven snapshot of the New Albany, OH rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$786,500Median sold price

$247Median $/sqft

1.1%Median cap rate

$-3,924Modeled cash flow / mo

+4.2%Appreciation YoY

8.3Months of supply

157Active listings

226Sold (last 12 mo)

What the New Albany numbers say

In New Albany, OH, the median home sold for $786,500 (about $247 per square foot), and the typical deal models out to a 1.1% cap rate with a median $-3,924 of monthly cash flow. Sold prices moved +4.2% over the past year. Inventory sits at about 8.3 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Ohio markets to compare

See New Albany cash-flowing listings

CashFlowRE ranks every for-sale home in New Albany, OH by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen New Albany deals, or browse the national market data.