Albion, NY

Real estate in Albion, NY is a hot commodity. The town has seen an influx of people and businesses in recent years, which has led to an increase in the demand for homes and commercial space. There are a number of factors that have contributed to this trend, including the growth of the local economy and the increasing popularity of small towns across the country.

Albion is located in Broome County, just north of Binghamton. The town has a population of just over 5,000 people and is home to several businesses that cater to tourists and locals alike. Commercial real estate is particularly popular in Albion due to its proximity to attractions like Tioga State Park and Seneca Lake.

The median price for residential property in Albion was $151,500 as of May 2017. This figure represents an increase of more than 50% from 2016, when the median price was $88,000. In terms of commercial property, the median price was $1 million as of May 2017 – a significant increase from 2016 when the median price was $700,000.

There are several reasons why real estate prices have increased so rapidly in Albion over recent years. First and foremost is the growth of the local economy – which has been strong overall since 2010 – combined with increasing demand from both locals and tourists alike. Second is Albion’s location – which makes it an ideal place to live or work if you’re looking for access to some great attractions without having to deal with big city congestion or high costs associated with living there full-time. Finally, there’s also been a surge in interest among investors in small towns like Albion due to their potential for future growth – especially if they can find properties that are currently undervalued relative to their potential market value."