Albert Lea township, MN is a great place to invest in housing. According to the data, the median value of homes in Albert Lea township is $255,500, which is significantly lower than the US median value of $338,100. Furthermore, over the past year, house appreciation has been 8.27% in the US as a whole and 11.33% in Albert Lea township specifically. This higher rate of appreciation means that homeowners are making more money off their investment than they would elsewhere. Given its advantageous conditions for housing investments, Albert Lea township is an ideal area for someone looking to buy or sell real estate.
The median home cost in Albert Lea township is $255,500. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Albert Lea township is up 11.6%.
Average Age of Homes
- The median age of Albert Lea township real estate is 55 years old
The Rental Market in Albert Lea township
- Renters make up 10.5% of the Albert Lea township population
- 3.7% of houses and apartments in Albert Lea township, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.