2025 Compare Cities Housing:
Lakeville, MN vs Albert Lea, MN

Change Cities
Highlights
- The median age of a home in Lakeville is 148.0% younger than the median age of a home in Albert Lea.
 Lakeville, MNAlbert Lea, MNUnited States
 Median Home Age25  Unlock42
 Median Home Cost  Unlock$132,000$338,100
 Home Appr. Last 12 months12.2%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock43.0%57.0%
 Home Appr. Last 10 yrs.94.0%  Unlock101.1%
 Property Tax Rate  Unlock$11.9$11.0
 Homes Owned85.9%  Unlock57.4%
 Housing Vacant  Unlock8.7%11.2%
 Homes Rented11.6%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Lakeville, MNAlbert Lea, MNUnited States
 Average Rent  Unlock$1,100$1,840
 Studio Apartment$1,250  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$680$1,180
 2 Bedroom Home or Apartment$1,750  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,120$1,860
 4 Bedroom Home or Apartment$2,740  Unlock$2,160
 space1
 Vacant Housing
 Lakeville, MNAlbert Lea, MNUnited States
 Vacant For Rent  Unlock1.0%1.9%
 Vacant Rented0.0%  Unlock0.4%
 Vacant For Sale  Unlock0.7%0.7%
 Vacant Sold1.0%  Unlock0.4%
 Vacant Vacation  Unlock0.7%3.6%
 Vacant Other0.0%  Unlock4.1%
 space2
 Owner-Occupied Housing Value
 Lakeville, MNAlbert Lea, MNUnited States
 Less Than $20,000  Unlock2.4%2.6%
 $20,000 to $39,9990.7%  Unlock2.4%
 $40,000 to $59,999  Unlock8.2%2.8%
 $60,000 to $79,9990.1%  Unlock3.9%
 $80,000 to $99,999  Unlock16.8%4.5%
 $100,000 to $149,9992.7%  Unlock11.3%
 $150,000 to $199,999  Unlock17.1%13.0%
 $200,000 to $299,99924.9%  Unlock20.1%
 $300,000 to $399,999  Unlock3.6%13.6%
 $400,000 to $499,99919.5%  Unlock8.3%
 $500,000 to $749,999  Unlock0.8%9.7%
 $750,000 to $999,9991.4%  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
 Lakeville, MNAlbert Lea, MNUnited States
 2015 and Newer1.3%  Unlock0.2%
 2010 to 2014  Unlock4.8%13.6%
 2000 to 200924.2%  Unlock13.6%
 1990 to 1999  Unlock6.6%13.6%
 1980 to 198918.1%  Unlock13.2%
 1970 to 1979  Unlock15.0%14.8%
 1960 to 196927.0%  Unlock13.6%
 1950 to 1959  Unlock20.5%10.0%
 1940 to 19491.2%  Unlock4.7%
 1939 or Earlier  Unlock23.5%12.2%
Reviews for Lakeville    8 Reviews

We lived in Lakeville for 3 years (2015-18). My husband and I have traveled all over the country. We've lived in California, Hawaii, Arizona, Colorado and Minnesota.  More

   |    Reply

I’ve grown up in Lakeville for 20 years. I know this area better than the back of my hand. The schools are excellent, especially North HS. The housing is cheap and  More

   |    Reply

I have found Lakeville to have many amenities and its nice its so close to the Twin Cities. HOWEVER, unless have bunches of money in your pocket or are a local you will  More

   |    Reply

Start Your Review of Lakeville

Reviews for Albert Lea    1 Reviews

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

   |    Reply

Start Your Review of Albert Lea


Premium Subscription
Includes Cost of Living compares for child care, utilities, transportation, health, taxes, housing for home owners vs renters, weather, insurance premiums and so much more.


The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.