HomeMississippiUnion CountyNew Albany city
New Albany city, Mississippi: commercial real estate data.
New Albany city is a Census city of 7,663 people across 18.23 square miles of land, in Union County. Median household income is $51,332, 61.7 percent of occupied homes are owned, and the SBA record carries 9 7(a) approvals to borrowers here worth $3.5 m.
66 sourced place values · tier FULL · 7 sections · underlined figures are computed by MMCG Analytics, not published by the agency
New Albany
What New Albany is
- Census place typecity
- Land area18.23 sq mi
- Water area0.05 sq mi
- Population per square mile of land420
- County holding the largest share of its areaUnion 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
- Population7,663
- Median age38.4
- Population under 181,829
- Share under 1823.9 percent
- Population 65 and over1,427
- Share 65 and over18.6 percent
- Households2,851
- Family households1,728
- Share of households that are families60.6 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$51,332
- Per capita income$29,201
- Civilian labor force3,237
- Employed3,156
- Unemployed81 plus or minus 75
- Unemployment rate2.5 percent plus or minus 2.3
- Adults 25 and over5,081
- Adults 25 and over with a high school diploma or higher85.6 percent
- Adults 25 and over with a bachelor degree or higher25.8 percent plus or minus 5.5
- Adults 25 and over with a graduate degree11.7 percent plus or minus 3.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Albany
Housing in New Albany
- Housing units3,620
- Occupied units2,851
- Vacant units769 plus or minus 199
- Vacancy rate21.2 percent plus or minus 5.4
- Owner occupied1,759
- Renter occupied1,092
- Ownership rate61.7 percent
- Median owner-occupied home value$161,400
- Median gross rent, monthly$973
- Annual rent as a share of median income22.7 percent
- Single family units2,852
- Share single family78.8 percent
- Units in buildings of two or more657 plus or minus 186
- Share in buildings of two or more18.1 percent plus or minus 5.0
- Mobile homes111 plus or minus 67
- Median year structure built1974
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 commute3,054
- Commuting under 15 minutes1,483
- Share commuting under 15 minutes48.6 percent
- Commuting 30 minutes or more697 plus or minus 212
- Share commuting 30 minutes or more22.8 percent plus or minus 6.5
- Drove alone89.1 percent
- Carpooled7.4 percent plus or minus 3.9
- Public transport0.0 percent
- Walked0.0 percent
- Worked from home2.2 percent plus or minus 1.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Albany
SBA loans in New Albany (7(a))
- Approvals9
- Gross approval$3,489,300
- Average approval$387,700
- Median approval$277,300
- Ninetieth percentile approval$1,070,000
- Largest approval$1,070,000
- Jobs supported43
- Jobs per approval4.8
- Loans with a final outcome3
- Paid in full2
- Charged off1
- Median term120 months
- Share on real estate terms of 20 years or more22.2 percent
- Share to franchises11.1 percent
- Distinct lenders7
- Distinct industries by NAICS7
A charge-off rate is not published here. only 3 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.
Union County, not New Albany
Union County context, not New Albany figures
These are Union 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 Union County536
- Employment at those establishments, Union County10,790
- Covered employment, Union County12,223
- Average annual pay, Union County$52,689
- Average weekly wage, Union County$1,013
- Housing units permitted, Union County18
- Of those, single family, Union County18
- County product, 2024, Union County$1,470,562,000
- County product change over the prior year, Union County4.8 percent
- Average income of an arriving household, Union County$47,630
Every figure in this section is published for Union 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, Mississippi?
7,663, in 2,851 households. New Albany city covers 18.23 square miles of land, which is 420 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?
Union 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?
$51,332. The median owner-occupied home is valued at $161,400. Median gross rent is $973 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?
9 7(a) approvals totalling $3.5 m, across 7 lenders, median approval $277,300. 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 3 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 Union 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.