Albany, TX Profile: Facts & Data

The City of Albany had a population of 1,892 as of July 1, 2024. Albany ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Texas. See peer rankings below.

The primary coordinate point for Albany is located at latitude 32.7235 and longitude -99.2973 in Shackelford County. The formal boundaries for the City of Albany encompass a land area of 1.57 sq. miles and a water area of 0 sq. miles. Shackelford County is in the Central time zone (GMT -6).

The City of Albany has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Texas is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Albany is located within Albany Division of Shackelford County.

Albany, TX Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	1,892 (100%)
Population in Households	1,889 (99.8%)
Population in Families	1,581 (83.6%)
Population in Group Quarters¹	3 ( 0.2%)
Population Density	1,208
Diversity Index²	43


INCOME
Median Household Income	$54,611
Average Household Income	$80,901
% of Income for Mortgage⁴	26%
Per Capita Income	$33,184
Wealth Index⁵	67
Socioeconomic Status Index⁶	Moderate (52.3)

HOUSING
Total HU (Housing Units)	909 (100%)
Owner Occupied HU	626 (68.9%)
Renter Occupied HU	150 (16.5%)
Vacant Housing Units	133 (14.6%)
Median Home Value	$223,500
Average Home Value	$228,834
Housing Affordability Index³	91

HOUSEHOLDS
Total Households	776
Average Household Size	2.43
Family Households	510
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Albany, TX - Peer Comparisons by Rank and Percentile

The table below compares Albany to the other 1,863 incorporated cities, towns and CDPs in Texas by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.48%	0.05%
Households	0.49%	0.15%
Families		0.08%
Median Household Income		1.48%
Per Capita Income		2.27%
Owner Occupied HU		0.13%

Variable Description	Rank	Percentile
Total Population	# 743	60th
Population Density	# 562	70th
Median Household Income	# 1243	33rd
Housing Affordability Index	# 631	34th
Per Capita Income	# 885	53rd
Diversity Index	# 1644	12th

Albany, TX Profile: Facts & Data

Albany, Texas - Basic Facts

Albany, TX Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Albany, TX - Peer Comparisons by Rank and Percentile

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Shackelford County