Housing & Real Estate — Albert Lea, Minnesota
Overview
| Total Housing Units | 8,669 |
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| Occupied | 7,956 |
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| Vacant | 713 |
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| Owner-Occupied | 5,856 |
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| Renter-Occupied | 2,100 |
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| Median Home Value (Census) | $157,500 |
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| Estimated 2026 | ~$175,000 |
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| Median Rent | $845/mo |
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| Median Property Tax | $1,803/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
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| Home Affordability | affordable |
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| Rent as % of Income | 15.7% |
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| Severely Rent-Burdened | 42.8% |
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Housing Age
| Built 2010 or later | 193 |
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| Built 2000-2009 | 512 |
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| Built 1990-1999 | 445 |
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| Built before 1960 | 4,352 |
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| Median Year Built | 1959 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
