New Albany, Indiana, is a city located on the southern tip of Indiana. New Albany is known for its late 1800's architecture that was largely built with the wealth that came into the area from the city's shipbuilding industry. Today, New Albany's real estate presents a good value to area buyers. While those grand mansions downtown still command a high price, most homes in the area are quite affordable.
The reasonable pricing in the area allows residents of nearby Louisville to move into a larger home in New Albany for a lower price. As with most cities along the Ohio River, the highest priced homes in the area border the river or have a view of the scenic river. However, there are many modern housing developments throughout the city that offer great homes, in great neighborhoods.
The public school system in New Albany is overseen by the New Albany-Floyd County Consolidated School Corporation. The city boasts a number of elementary schools, two middle schools and one public high school: New Albany High School. New Albany High School is the oldest high school in Indiana, being formed in 1853. A few private schools are also operated in New Albany. Indiana University Southeast, a regional campus of Indiana University, is located in New Albany. The university's presence provides educational opportunities as well as cultural and employment opportunities.
New Albany is situated along the Ohio River just to the northwest of Louisville, Kentucky. As part of the Louisville's metropolitan area, New Albany is situated at the junction of Interstate 64 and the Interstate 265 beltway that allows traffic to connect between Interstate 64 and 65 without going into the downtown area. New Albany's economy benefits from being located at the junction of these important area roads. Retailers, hotels, restaurants, transportation companies and others are attracted to the area's access to the Interstate system.