Median price for residential apartments in as of Sep, 2021.
Remember to negotiate your price according to median sale prices. Also, take into account that the price depends on the size/amenities of the apartment.
119 Albert Lea, MN 56007, USA apartments for sale
Albert Lea
According to statistics, the population in Albert Lea, MN amounts to 17,716, which shows decline 0% compared to the previous year. The median age of the city’s residents is 44. The average household income is $43,532, shifting growth 3% from the past year, and the average property value in Albert Lea, MN decline -1% to $94,400 throughout the year.
| Population | 17,716 |
| Median Age | 43.5 |
| Poverty Rate | 16% |
| Household Income | $43,532 |
| Number Of Employees | 8,481 |
| Median Property Value | $94,400 |
Household Income
The average household income in Albert Lea, MN grew from $42,128 to $43,532 in the past year. This data is an estimate based upon 7,806 households in Albert Lea, MN . The chart below presents how household income is distributed in Albert Lea, MN in comparison to the revenue allocation amid households nationally.
- USA
- Albert Lea, MN
Property Value
According to data from last year, the average property value in Albert Lea, MN shifted from $95,200 to $94,400 throughout the year. The subsequent graph indicates the share of properties in the given price range in Albert Lea, MN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Albert Lea, MN properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
- USA
- Albert Lea, MN
Rent vs. Own
- Rent70%
- Own30%
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 Albert Lea, MN compared to median property taxes around the country. The prevalent amount of property taxes in Albert Lea, MN equals $1150, which is less than the national average.
- USA
- Albert Lea, MN
Housing Trends
Albert Lea, MN 56007, USA Housing Trends
Average sale in Albert Lea: $164,766 (+47.1%)
| Apartment Size | Sep | vs Last Month |
|---|---|---|
| 2 bed apartments | $86,199 | N/A |
| 3 bed apartments | $164,700 | +41.6% |
| 4+ bed apartments | $164,900 | N/A |
During Sep 2021, the average price for an apartment in/near Albert Lea, MN increased by 47.1% to $164,766.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $86,199. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $164,700. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $164,900 for a big-family home.
| Listing Type | Sep | vs Last Month |
|---|---|---|
| Houses for sale | $164,766 | +47.1% |
According to statistics, average house is still $164,766 with no significant changes this month.
Popular Searches
View City Information
