Median price for residential apartments in Albany, MN as of Nov, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
11 Albany, MN 56307, USA apartments for sale
Albany
According to statistics, the population in Albany, MN amounts to 2,674, which shows growth 1% compared to the previous year. The median age of the city’s residents is 37. The average household income is $57,500, shifting growth 7% from the past year, and the average property value in Albany, MN growth 6% to $150,900 throughout the year.
| Population | 2,674 |
| Median Age | 37 |
| Poverty Rate | 12% |
| Household Income | $57,500 |
| Number Of Employees | 1,284 |
| Median Property Value | $150,900 |
Household Income
The average household income in Albany, MN grew from $53,902 to $57,500 in the past year. This data is an estimate based upon 1,038 households in Albany, MN . The chart below presents how household income is distributed in Albany, MN in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Albany, MN shifted from $142,100 to $150,900 throughout the year. The subsequent graph indicates the share of properties in the given price range in Albany, MN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Albany, MN properties falls in the '$150,000 to $174,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Albany, MN compared to median property taxes around the country. The prevalent amount of property taxes in Albany, MN equals $1150, which is less than the national average.
Housing Trends
How much does an apartment cost in Albany, MN 56307, USA
Average apartment sale in Albany: $364,518 (+50.4%)
| Apartment Size | Nov | vs Last Month |
|---|---|---|
| Studio apartments | $72,500 | -38.7% |
| 2-bed apartments | $222,900 | N/A |
| 3-bed apartments | $379,900 | +0% |
| 4+ bed apartments | $491,861 | +44.7% |
During Nov 2022, the average price for an apartment in/near Albany, MN increased by 50.4% to $364,518.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $222,900. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $379,900. We discerned the rise of 4- and more bed apartment price. It increased by 44.7% and made it up to $491,861.
| Listing Type | Nov | vs Last Month |
|---|---|---|
| Land for sale | $72,500 | -38.7% |
| Houses for sale | $387,880 | +5.8% |
Price reports demonstrate that house price increased by 5.8% this month making it up to $387,880.