Albert Lea Metro Area, MN Housing

Albert Lea, MN Metro Area has a median housing value of $158,100 which is about half that of the national median home value. Despite this difference in pricing, Albert Lea has still seen an increase in house values over the last year at a rate of 6.66%, just below the national appreciation rate of 8.27%. This indicates a strong market in Albert Lea and encourages potential homeowners to consider investing in the area.

The median home cost in Albert Lea Metro Area is $158,100. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Albert Lea Metro Area is up 11.6%.

Average Age of Homes

- The median age of Albert Lea Metro Area real estate is 59 years old

The Rental Market in Albert Lea Metro Area

- Renters make up 22.1% of the Albert Lea Metro Area population
- 0.8% of houses and apartments in Albert Lea Metro Area, 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

Housing	Albert Lea, Minnesota	United States
	14,139.0	139,647,020.0
	62	42
	$158,100	$338,100
	11.6%	16.6%
	43.0%	57.0%
	70.2%	101.1%
	$10.89	$10.98
	$1,438	$2,690
	71.4%	57.4%
	9.2%	11.2%
	19.4%	31.4%
Vacant Housing
	0.8%	1.9%
	0.4%	0.4%
	0.6%	0.7%
	0.5%	0.4%
	0.9%	3.6%
	5.9%	4.1%
Value of Owner-Occupied Housing
	2.4%	2.6%
	2.8%	2.4%
	6.6%	2.8%
	12.5%	3.9%
	13.4%	4.5%
	18.8%	11.3%
	16.9%	13.0%
	16.2%	20.1%
	6.0%	13.6%
	2.2%	8.3%
	1.5%	9.7%
	0.5%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.2%	13.6%
	6.2%	13.6%
	6.5%	13.6%
	6.4%	13.2%
	15.0%	14.8%
	6.5%	13.6%
	16.8%	10.0%
	7.5%	4.7%
	27.8%	12.2%

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