Albert Lea, MN Housing


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Albert Lea, MN is an attractive housing market for both buyers and sellers. The median value of a home in Albert Lea is $132,000, which is much lower than the US House Median Value of $338,100. Additionally, the 1 year House Appreciation in Albert Lea is 11.33%, significantly higher than the 8.27% appreciation seen across the US as a whole. This makes Albert Lea an attractive option for buyers looking to get more bang for their buck while also providing a great opportunity for sellers to capitalize on this strong appreciation trend.

The median home cost in Albert Lea is $132,000. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Albert Lea is up 11.6%.

Average Age of Homes
- The median age of Albert Lea real estate is 59 years old
The Rental Market in Albert Lea
- Renters make up 28.4% of the Albert Lea population
- 1.0% of houses and apartments in Albert Lea, 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.

Median Monthly Rent by Number of Bedrooms

   Housing by Year Built

  HousingAlbert Lea, MinnesotaUnited States
  8,630.0139,647,020.0
  6242
  $132,000$338,100
  11.6%16.6%
  43.0%57.0%
  70.2%101.1%
  $11.91$10.98
  $1,357$2,690
  65.7%57.4%
  8.7%11.2%
  25.6%31.4%
  Vacant Housing
  1.0%1.9%
  0.6%0.4%
  0.7%0.7%
  0.4%0.4%
  0.7%3.6%
  5.4%4.1%
  Value of Owner-Occupied Housing
  2.4%2.6%
  2.4%2.4%
  8.2%2.8%
  15.1%3.9%
  16.8%4.5%
  18.9%11.3%
  17.1%13.0%
  13.0%20.1%
  3.6%13.6%
  1.3%8.3%
  0.8%9.7%
  0.2%3.9%
  0.2%2.2%
  0.0%0.8%
  0.0%1.1%
  Housing Units by Year Structure Built
  0.0%0.2%
  4.8%13.6%
  4.8%13.6%
  6.6%13.6%
  7.4%13.2%
  15.0%14.8%
  6.6%13.6%
  20.5%10.0%
  7.8%4.7%
  23.5%12.2%
Reviews for Albert Lea
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Over 18 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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