Zip 56307 (Albany, MN) Housing

The median housing value in 56307 Albany, MN is $302,800, which is approximately 10.2% lower than the US house median value of $338,100. In the past year, the US house appreciation rate has been 8.27%, while the housing appreciation rate in 56307 Albany, MN was slightly lower at 7.75%. This indicates that the housing market in this area may be less volatile than other areas across the country and provides potential buyers with an opportunity to purchase a home at a more attractive price.

The median home cost in Albany (zip 56307) is $302,800. Home appreciation the last 10 years has been 77.8%. Home Appreciation in Albany (zip 56307) is up 13.6%.

Average Age of Homes

- The median age of Albany (zip 56307) real estate is 32 years old

The Rental Market in Albany (zip 56307)

- Renters make up 19.7% of the Albany (zip 56307) population
- 2.2% of houses and apartments in Albany (zip 56307), 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	Albany, Minnesota	United States
	2,015.0	139,647,020.0
	36	42
	$302,800	$338,100
	13.6%	16.6%
	50.2%	57.0%
	77.8%	101.1%
	$10.36	$10.98
	$2,406	$2,690
	79.0%	57.4%
	5.1%	11.2%
	15.9%	31.4%
Vacant Housing
	2.2%	1.9%
	0.0%	0.4%
	0.3%	0.7%
	0.0%	0.4%
	0.5%	3.6%
	2.1%	4.1%
Value of Owner-Occupied Housing
	1.7%	2.6%
	0.8%	2.4%
	1.1%	2.8%
	1.7%	3.9%
	1.7%	4.5%
	13.5%	11.3%
	19.3%	13.0%
	29.3%	20.1%
	16.1%	13.6%
	6.2%	8.3%
	5.3%	9.7%
	1.1%	3.9%
	1.5%	2.2%
	0.3%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	22.3%	13.6%
	22.3%	13.6%
	12.6%	13.6%
	14.3%	13.2%
	12.4%	14.8%
	12.6%	13.6%
	4.2%	10.0%
	3.2%	4.7%
	14.1%	12.2%

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