Housing is
affordable in Albion, with the median house value of $60,300
(year 2000). One can purchase an attractive house in a good location for
between $75,000 and $125,000 within a five- to 10- minute walk from
campus. Albion has many older homes with classical charm, modern homes,
old farms, and vacant land for new development. In addition, Albion
College and the Michigan State Housing Development Authority (MSHDA)
have partnered to provide a MSHDA mortgage and down payment assistance
to purchase a home in the city of Albion. This program is available to
employees with an annual household income of $69,800 or less. See the
Homeownership
Program page for more information.
Rental Market
Dozens of apartments in well-tended houses and buildings are
available for rent in Albion. One can rent a nice apartment within a
five- to 10-minute walk to campus for between $350 and $600 per month.
Housing is
affordable in Albion, with the median house value of $60,300
(year 2000). One can purchase an attractive house in a good location for
between $75,000 and $125,000 within a five- to 10- minute walk from
campus. Albion has many older homes with classical charm, modern homes,
old farms, and vacant land for new development. In addition, Albion
College and the Michigan State Housing Development Authority (MSHDA)
have partnered to provide a MSHDA mortgage and down payment assistance
to purchase a home in the city of Albion. This program is available to
employees with an annual household income of $69,800 or less. See the
Dozens of apartments in well-tended houses and buildings are
available for rent in Albion. One can rent a nice apartment within a
five- to 10-minute walk to campus for between $350 and $600 per month.
