Albany, OR
Albany, OR landlord and rental property insurance
Local rental data and insurance guidance for Albany property owners. A quote is not a binder.
Owners who rent out property in Albany, Linn County, are working in a market where 41% of occupied homes are rentals. The city counts about 57,156 residents; Oregon as a whole has a renter share of 37%.
Key housing figures for Albany, OR
| Measure | Albany | Oregon |
|---|---|---|
| Renter-occupied homes | 41% (9,006) | 37% |
| Median owner-occupied home value | $389,200 | $477,600 |
| Median gross rent | $1,372/mo | $1,525/mo |
| Median year structure built | 1983 | 1981 |
| Homes in 2–4 unit buildings | 11% | 7% |
| Single-family homes (detached or attached) | 68% | 68% |
Figures from the U.S. Census Bureau (ACS 2020–2024 five-year estimates; 2024 population estimates).
Insured value and premium context in Albany
Homes in Albany carry a median value near $389,200 according to the Census, compared with $477,600 statewide. Because land is never rebuilt, many owners find their rebuild estimate differs from that figure in either direction.
NAIC data for 2023 shows an average Oregon dwelling-fire premium of $971 in the $350,000–$399,999 coverage band, which brackets Albany's median value; across all coverage amounts the state average was $886. Treat it as background, since landlord pricing depends on the building and occupancy.
How much rent to protect in Albany
Median gross rent in Albany is about $1,372 a month. A year of lost rent at that level is roughly $16,464 per unit, a useful yardstick when you choose fair rental value coverage.
Older vs. newer rentals in Albany
Half of Albany's homes were built before 1983 and half after. Polybutylene supply lines were installed in some homes from the late 1970s to mid-1990s, and insurers may ask whether they have been replaced.
Albany's mix of rental buildings
Two-to-four-unit buildings make up about 11% of Albany's housing, well above many places. Duplexes and fourplexes can usually stay on dwelling forms; see our duplex and fourplex guide for shared-area and per-unit rent questions.
Comparing Albany to neighboring cities
For comparison, Portland comes in at 48% rented and $581,500 median value, with median rent of $1,655. Salem has a renter share of 44% with homes valued around $416,900 at the median. Eugene has a renter share of 52% with homes valued around $460,400 at the median. By renter share, Albany is number 11 on our list of 20 Oregon cities. Manufactured and mobile homes make up about 6% of Albany's housing, and many dwelling programs underwrite those separately. Buildings with five or more units hold about 15% of Albany's homes; those generally need commercial apartment coverage rather than dwelling forms.
Weather and property risks for Albany rentals
Typical Oregon property risks such as ice storms and winter wind in the valleys and late-summer wildfire, especially in southern and eastern Oregon affect owners in Albany and the rest of Linn County. Flood and earthquake are excluded from standard dwelling forms and need their own coverage.
Hazard themes reflect FEMA’s National Risk Index and NOAA’s Storm Events Database; check the index for your specific county.
Getting a landlord quote in Albany
- Your existing policy and recent claims
- Lender name for the mortgagee clause
- How much liability and lost rent you want covered
- The Albany address and how many units it has
- When the building went up and when the roof was last replaced
- How it is occupied today, including any vacancy or short-term use
- Any system updates, with years
Request a Albany landlord quote
Questions from Albany rental owners
How many renters live in Albany?
About 41% of occupied homes in Albany, roughly 9,006 households, are renter-occupied according to the 2020–2024 American Community Survey.
Do Albany landlords have to carry insurance?
Not by statute. In practice, a Albany rental with a mortgage will need property coverage, and associations or managers often insist on liability limits.
How much does landlord insurance cost in Albany?
It depends on the building, coverage, and deductible. For background, the NAIC reported a 2023 Oregon dwelling-fire average of $886; see our Oregon page for the full table.
Other Oregon cities
Landlord insurance in Oregon · Cost by state
Last updated October 15, 2026. Sources and method: how we research.