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Albany, MN

Full City Profile · Minnesota · Stearns County County

3.3 /5.0
B Good
2,800 Population 1,284/sq mi density
$75,417 Median Income $38,143 per capita
$226,000 Home Value $346,457 Zillow
$579 Median Rent 24.7% income on rent
42°F Avg Temperature 276 sunny days/yr
36 Violent Crime/100K 327 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.5 / 5.0
$75,417 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$226,000 home value, $579/mo rent
F
Safety
1.0 / 5.0
36 violent crimes/100K
C+
Education
2.8 / 5.0
22.4% bachelor's degree or higher

Housing Overview

Median Home Value
$226,000
20% below
US avg: $281,900
Median Rent
$579/mo
50% below
US avg: $1,163/mo
Homeownership Rate
70.1%
7% above US avg (65.4%)
Total Housing Units
1,202
Median year built: 1987

Home Value by Source

Census Median
$226,000
Zillow (ZHVI)
$346,457
Median Sale Price
$262,450
Median List Price
$329,900
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

70.1%
Owner-Occupied
29.9%
Renter-Occupied
70%
30%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent: $579/mo

Market Indicators (Redfin)

Median Days on Market
126 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
2
Price Drops
25.0%
of listings with price reduction
Price Per Sq Ft
$156
Active Inventory
4
homes for sale

Affordability & Housing Stock

Rent Burden
24.7%
of renters spending 30%+ of income on housing
20% below US avg (31.0%)
Median Year Built
1987
Average age of housing stock: 39 years
Homeownership Rate
70.1%

Complete Housing Data

Home Values

Census Median Value$226,000
Zillow Home Value (ZHVI)$346,457
Median Sale Price$262,450
Median List Price$329,900
Price Per Sq Ft$156

Rent

Census Median Rent$579
FMR Studio$809
FMR 1-Bedroom$899
FMR 2-Bedroom$1,125
FMR 3-Bedroom$1,483
FMR 4-Bedroom$1,698

Market

Days on Market126
Sale-to-List Ratio1.0%
Price Drops25.0%
Homes Sold2
Active Inventory4
Price Per Sq Ft$156

Ownership & Stock

Owner-Occupied70.1%
Renter-Occupied29.9%
Homeownership Rate70.1%
Total Housing Units1,202
Median Year Built1987
Rent Burden24.7%