Latest available · Census ACS 5-Year (2024)
What Is the Median Home Value in Albert Lea city, Minnesota?
City · Census ACS 5-Year estimates
The median home value in Albert Lea city, Minnesota is $157,500 (±$8,407), based on Census ACS 5-Year estimates (2024). The median gross rent is $857/month, and the median household income is $64,603/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for Albert Lea city, Minnesota
| Metric | Value |
|---|---|
| Median Home Value | $157,500 |
| Median Gross Rent | $857 |
| Median Household Income | $64,603 |
| Total Housing Units | 7,788 |
| Renter-Occupied Units | 2,017 |
| Renter-Occupied Share | 26% |
How does Albert Lea city, Minnesota compare?
Median home value ranked against all cities in Minnesota.
Higher home value than 41% of cities in Minnesota · 515th of 870
| # | City | Value |
|---|---|---|
| 1 | Village of Minnetonka Beach city | $2,000,001 |
| 2 | Greenwood city | $1,240,400 |
| 3 | Woodland city | $1,185,300 |
| … 511 more … | ||
| 515 | Albert Lea city(you are here) | $157,500 |
| … 352 more … | ||
| 868 | Funkley city | $22,900 |
| 869 | Landfall city | $18,900 |
| 870 | Rice Lake CDP | $18,800 |
More data for Albert Lea city, Minnesota
Frequently asked questions
What is the median home value in Albert Lea city, Minnesota?
The median home value in Albert Lea city, Minnesota is $157,500, based on Census ACS 5-Year estimates (2024). This is the self-reported estimated value homeowners believe their property would sell for. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent in Albert Lea city, Minnesota?
The median gross rent in Albert Lea city, Minnesota is $857/month, based on Census ACS 5-Year estimates (2024).
What is the median household income in Albert Lea city, Minnesota?
The median household income in Albert Lea city, Minnesota is $64,603/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median home value of $157,500 has a margin of error of ±$8,407. In very small areas, MOEs can be large relative to the estimate.
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