Albert Lea, MN Housing Statistics

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A+

43%

Med. Home Val. NAT. AVG.

25%

Rent NAT. AVG.

10%

Owner Occ. NAT. AVG.

Albert Lea Housing Information

Index	Albert Lea	Minnesota	National
Median home price	$185,653	$339,061	$326,622
Median rent asked	$1,087	$1,332	$1,444
Avg. people per household	2.1	2.4	2.6
Owner occupied households	69.8%	71.4%	63.6%
Renter occupied households	30.2%	28.6%	36.4%

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Homes For Sale In Albert Lea, MN

1119 W Front St

Albert Lea, MN

405 Vine Ave

Albert Lea, MN

1738 Tiger Ridge Ct

Albert Lea, MN

87387 245th St

Albert Lea, MN

Housing Quick Facts

The median home price in Albert Lea is 43% lower than the national average.
The median rent asked in Albert Lea is 25% lower than the national average.
The average number of people per household in Albert Lea is 18% lower than the national average.
The number of owner occupied households in Albert Lea is 10% higher than the national average.
The number of renter occupied households in Albert Lea is 17% lower than the national average.

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Nearby cities with low home prices

	Population	Home Price	National Avg.
Manchester, MN	57	$0	100%
Scarville, IA	54	$71,283	78%
Myrtle, MN	71	$84,119	74%
Freeborn, MN	331	$126,949	61%
Conger, MN	133	$130,112	60%
Albert Lea, MN	18,460	$185,653	43%

Cities with similar population

	Population	Home Price	National Avg.
El Dorado, AR	18,461	$163,577	50%
Jenison, MI	18,457	$333,196	2%
Melville, NY	18,448	$1,195,241	266%
Gibsonton, FL	18,477	$366,775	12%
Arroyo Grande, CA	18,441	$1,104,472	238%
Albert Lea, MN	18,460	$185,653	43%

Source: The Albert Lea, MN housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.