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2025 Compare Cities Housing:
Elk River, MN vs Albert Lea, MN

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Highlights
- The median age of a home in Elk River is 100.0% younger than the median age of a home in Albert Lea.
 Elk River, MNAlbert Lea, MNUnited States
 Median Home Age31  Unlock42
 Median Home Cost  Unlock$132,000$338,100
 Home Appr. Last 12 months11.0%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock43.0%57.0%
 Home Appr. Last 10 yrs.89.8%  Unlock101.1%
 Property Tax Rate  Unlock$11.9$11.0
 Homes Owned76.9%  Unlock57.4%
 Housing Vacant  Unlock8.7%11.2%
 Homes Rented18.6%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Elk River, MNAlbert Lea, MNUnited States
 Average Rent  Unlock$1,100$1,840
 Studio Apartment$940  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$680$1,180
 2 Bedroom Home or Apartment$1,310  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,120$1,860
 4 Bedroom Home or Apartment$2,050  Unlock$2,160
 space1
 Vacant Housing
 Elk River, MNAlbert Lea, MNUnited States
 Vacant For Rent  Unlock1.0%1.9%
 Vacant Rented0.5%  Unlock0.4%
 Vacant For Sale  Unlock0.7%0.7%
 Vacant Sold0.6%  Unlock0.4%
 Vacant Vacation  Unlock0.7%3.6%
 Vacant Other1.7%  Unlock4.1%
 space2
 Owner-Occupied Housing Value
 Elk River, MNAlbert Lea, MNUnited States
 Less Than $20,000  Unlock2.4%2.6%
 $20,000 to $39,9990.6%  Unlock2.4%
 $40,000 to $59,999  Unlock8.2%2.8%
 $60,000 to $79,9990.0%  Unlock3.9%
 $80,000 to $99,999  Unlock16.8%4.5%
 $100,000 to $149,9991.8%  Unlock11.3%
 $150,000 to $199,999  Unlock17.1%13.0%
 $200,000 to $299,99942.5%  Unlock20.1%
 $300,000 to $399,999  Unlock3.6%13.6%
 $400,000 to $499,9998.0%  Unlock8.3%
 $500,000 to $749,999  Unlock0.8%9.7%
 $750,000 to $999,9990.4%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.2%2.2%
 $1,500,000 to $1,999,9990.0%  Unlock0.8%
 $2,000,000 and over  Unlock0.0%1.1%
 space3
 Housing Units By Year Built
 Elk River, MNAlbert Lea, MNUnited States
 2015 and Newer0.2%  Unlock0.2%
 2010 to 2014  Unlock4.8%13.6%
 2000 to 200922.4%  Unlock13.6%
 1990 to 1999  Unlock6.6%13.6%
 1980 to 198918.6%  Unlock13.2%
 1970 to 1979  Unlock15.0%14.8%
 1960 to 196916.9%  Unlock13.6%
 1950 to 1959  Unlock20.5%10.0%
 1940 to 19490.1%  Unlock4.7%
 1939 or Earlier  Unlock23.5%12.2%
Transportation
Reviews for Elk River    3 Reviews
Jack · Elk River, MN
Transportation Growth to Lead to Economic Growth i
Over 16 years ago

The Northstar commuter rail line and the commuter rail station in Elk River (to be completed later in 2009) that will connect Elk River to Minneapolis, and a recent  More

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teri · Elk River, MN
to live
Over 18 years ago

good place to live and close to the  More

   |    Reply
Judy · Big Lake, MN
Elk River, Minnesota
Over 19 years ago

Small town but growing, nice place to live. Will be getting mass-transit soon, to  More

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Reviews for Albert Lea    1 Reviews
Kelly · Albert Lea, MN
Very affordable
Over 19 years ago

After living in the Twin Cities and California, Albert Lea seems dirt cheap. Housing is some of the lowest in the  More

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Learn More About Elk River, Minnesota
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Learn More About Albert Lea, Minnesota
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