HomeMississippiUnion CountyNew Albany
New Albany, Mississippi: commercial real estate data.
New Albany 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 since FY2020.
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
- 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
Counted by borrower city: approvals to borrowers whose address is in New Albany, in any county, FY2020 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, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
New Albany
Flood risk in New Albany
- NFIP communityTown of New Albany
- NFIP community number280174
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date09/03/10(M)
The Town of New Albany participates in the National Flood Insurance Program as community 280174 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.
Union County, not New Albany
Union County context, not New Albany figures
- Establishments in Union County536
- Covered employment, Union County12,223
- Average annual pay, Union County$52,689
- Housing units permitted, Union County18
Every figure in this section is published for Union 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, 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 totaling $3.5 m since FY2020, 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 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, town of, community 280174, 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 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?
No. Nothing on this page presents parcel level zoning.