HomeIndianaFloyd CountyNew Albany city
New Albany city, Indiana: commercial real estate data.
New Albany city 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.
76 sourced place values · tier FULL · 8 sections · 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$2,068,000
- 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
A charge-off rate is not published here. only 9 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
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
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Floyd County, not New Albany
Floyd County context, not New Albany figures
These are Floyd County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as New Albany measurements.
- Establishments in Floyd County1,926
- Employment at those establishments, Floyd County30,712
- Covered employment, Floyd County32,405
- Average annual pay, Floyd County$55,503
- Average weekly wage, Floyd County$1,067
- Housing units permitted, Floyd County297
- Of those, single family, Floyd County211
- County product, 2024, Floyd County$4,256,866,000
- County product change over the prior year, Floyd County6.8 percent
- Average income of an arriving household, Floyd County$58,813
Every figure in this section is published for Floyd County as a whole and is not a measurement of New Albany. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
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 totalling $33.6 m, across 19 lenders, median approval $190,000, plus 21 504 approvals worth $15.1 m. 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 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page New Albany figures?
No, and they are labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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