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Albert Lea, MN
Full City Profile · Minnesota · Freeborn County County
3.1
/5.0
B
Good
18,379
Population
1,383/sq mi density
$62,522
Median Income
$37,796 per capita
$150,400
Home Value
$172,925 Zillow
$845
Median Rent
28.4% income on rent
45°F
Avg Temperature
260 sunny days/yr
216
Violent Crime/100K
2,875 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$62,522 median income, 2.4% unemployment
A+
Affordability
5.0 / 5.0
$150,400 home value, $845/mo rent
F
Safety
1.0 / 5.0
216 violent crimes/100K
C
Education
2.4 / 5.0
17.3% bachelor's degree or higher
Housing Overview
Median Home Value
$150,400
47% below
US avg: $281,900
Median Rent
$845/mo
27% below
US avg: $1,163/mo
Homeownership Rate
73.6%
13% above US avg (65.4%)
Total Housing Units
8,567
Median year built: 1959
Home Value by Source
Census Median
$150,400
Zillow (ZHVI)
$172,925
Median Sale Price
$187,500
Median List Price
$204,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
73.6%
Owner-Occupied
26.4%
Renter-Occupied
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:
$845/mo
Market Indicators (Redfin)
Median Days on Market
42 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
14
Price Drops
16.1%
of listings with price reduction
Price Per Sq Ft
$113
Active Inventory
62
homes for sale
Affordability & Housing Stock
Rent Burden
28.4%
of renters spending 30%+ of income on housing
8% below US avg (31.0%)
Median Year Built
1959
Average age of housing stock: 67 years
Homeownership Rate
73.6%
Complete Housing Data
Home Values
| Census Median Value | $150,400 |
| Zillow Home Value (ZHVI) | $172,925 |
| Median Sale Price | $187,500 |
| Median List Price | $204,900 |
| Price Per Sq Ft | $113 |
Rent
| Census Median Rent | $845 |
| 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 Market | 42 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 16.1% |
| Homes Sold | 14 |
| Active Inventory | 62 |
| Price Per Sq Ft | $113 |
Ownership & Stock
| Owner-Occupied | 73.6% |
| Renter-Occupied | 26.4% |
| Homeownership Rate | 73.6% |
| Total Housing Units | 8,567 |
| Median Year Built | 1959 |
| Rent Burden | 28.4% |