HomeIndianaFloyd CountyNew Albany
New Albany, Indiana: commercial real estate data.
New Albany is a Census city of 37,581 people across 15.50 square miles of land, in Floyd County. Median household income is $54,710, 55.4 percent of occupied homes are owned, and the SBA record carries 53 7(a) approvals to borrowers here worth $33.6 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
New Albany
What New Albany is
- Census place typecity
- Land area15.5 sq mi
- Water area0.17 sq mi
- Population per square mile of land2,425
- County holding the largest share of its areaFloyd County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Albany
How many people live in New Albany
- Population37,581
- Median age38.2
- Population under 187,590
- Share under 1820.2 percent
- Population 65 and over6,729
- Share 65 and over17.9 percent
- Households16,389
- Family households8,376
- Share of households that are families51.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Albany
Income and work in New Albany
- Median household income$54,710
- Per capita income$30,946
- Civilian labor force18,838
- Employed17,713
- Unemployed1,125 plus or minus 323
- Unemployment rate6.0 percent plus or minus 1.7
- Adults 25 and over26,372
- Adults 25 and over with a high school diploma or higher89.5 percent
- Adults 25 and over with a bachelor degree or higher23.7 percent
- Adults 25 and over with a graduate degree8.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Albany
Housing in New Albany
- Housing units18,263
- Occupied units16,389
- Vacant units1,874
- Vacancy rate10.3 percent
- Owner occupied9,080
- Renter occupied7,309
- Ownership rate55.4 percent
- Median owner-occupied home value$180,500
- Median gross rent, monthly$1,026
- Annual rent as a share of median income22.5 percent
- Single family units11,850
- Share single family64.9 percent
- Units in buildings of two or more6,049
- Share in buildings of two or more33.1 percent
- Mobile homes364 plus or minus 150
- Median year structure built1965
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Albany
How New Albany gets to work
- Workers 16 and over who commute15,309
- Commuting under 15 minutes4,833
- Share commuting under 15 minutes31.6 percent
- Commuting 30 minutes or more2,782
- Share commuting 30 minutes or more18.2 percent
- Drove alone75.5 percent
- Carpooled10.2 percent
- Public transport0.0 percent
- Walked1.4 percent plus or minus 0.6
- Worked from home12.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Albany
SBA loans in New Albany (7(a))
- Approvals53
- Gross approval$33,606,700
- Average approval$634,089
- Median approval$190,000
- Ninetieth percentile approval$1,933,760
- Largest approval$5,000,000
- Jobs supported901
- Jobs per approval17.0
- Loans with a final outcome9
- Paid in full9
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more11.3 percent
- Share to franchises11.3 percent
- Distinct lenders19
- Distinct industries by NAICS35
Counted by borrower city: approvals to borrowers whose address is in New Albany, in any county, FY2020 to FY2026. Only 9 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
New Albany
SBA loans in New Albany (504)
- Approvals21
- Gross approval$15,080,000
- Average approval$718,095
- Median approval$389,000
- Largest approval$4,753,000
- Jobs supported304
- Loans with a final outcome3
- Charged off0
- Median term300 months
- Distinct CDCs4
Counted by borrower city: approvals to borrowers whose address is in New Albany, in any county, FY2010 to FY2026. Only 3 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
New Albany
Flood risk in New Albany
- NFIP communityCity of New Albany
- NFIP community number180062
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date04/16/14
The City of New Albany participates in the National Flood Insurance Program as community 180062 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Floyd County, not New Albany
Floyd County context, not New Albany figures
- Establishments in Floyd County1,926
- Covered employment, Floyd County32,405
- Average annual pay, Floyd County$55,503
- Housing units permitted, Floyd County297
Every figure in this section is published for Floyd County as a whole and is not a measurement of New Albany.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
New Albany questions, answered from the record.
How many people live in New Albany, Indiana?
37,581, in 16,389 households. New Albany city covers 15.50 square miles of land, which is 2,425 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is New Albany in?
Floyd County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in New Albany?
$54,710. The median owner-occupied home is valued at $180,500. Median gross rent is $1,026 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to New Albany businesses?
53 7(a) approvals totaling $33.6 m since FY2020, across 19 lenders, median approval $190,000, plus 21 504 approvals worth $15.1 m since FY2010. These count approvals to borrowers whose address is in New Albany, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to New Albany borrowers get paid back?
No rate is published for New Albany. Only 9 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is New Albany in the National Flood Insurance Program?
Yes. New Albany appears in the FEMA Community Status Book as New Albany, city of, community 180062, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page New Albany figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Floyd County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of New Albany.
Is zoning published for New Albany?
No. Nothing on this page presents parcel level zoning.
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