Housing in Albert Lea, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$140,000
Median List Price
$170,450
Price Per Sq Ft
$124
Days on Market
96
Active Inventory
52
Months of Supply
2.3
Seller's market
Zillow Home Value
$169,309
ZHVI — January 2026
Zillow Rent Index
$963
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
13.0%
Off Market in 2 Weeks
40.0%
Sale-to-List Ratio
93.7%
Buyer's market
Market Activity
Source: RedfinHomes Sold
23
New Listings
10
Pending Sales
15
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$124
Median List $/SF
$97
Albert Lea vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Albert Lea is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$150,400
Median Rent
$845
Total Housing Units
8,669
Vacancy Rate
8.2%
Owner Occupied
73.6%
Renter Occupied
26.4%
Median Property Tax
$1,594
per year
Monthly Cost (w/ Mortgage)
$808
Housing Types
The current median sale price in Albert Lea, MN is $140,000 according to Redfin data. Homes spend a median of 96 days on the market. 13.0% of homes sold above asking price. The market has 2.3 months of supply. The median price per square foot is $124. Zillow's observed rent index is $963/month. About 73.6% of housing units are owner-occupied. The median year homes were built is 1959. There are 8,669 total housing units.