House Prices

House Prices & Home Values Albert Lea, MN 2026


Average Data

average house price$88,567
average size per house1120 ft²
average price per ft²80 $ / ft²

06/26/2026 - The value range (VR) for house prices in Albert Lea, MN is $77/ sqft to $77/ sqft. An average home with 1120 sqft costs approximately $86,240 to $86,240. Albert Lea, MN includes 1 ZIP codes and it is located in Freeborn county. The lowest prices are found in ZIP 56007, while the highest are in ZIP 56007. The average price per sqare feet is $80. Our analysis is based on 4 property listings.

Avergage prices by ZIP codes Albert Lea

5600770 $ / ft²




Historical development of home values in Albert Lea

Year Estimated value (USD) Change vs. 2025
2010 $41,132 -53.6%
2011 $39,542 -55.4%
2012 $39,435 -55.5%
2013 $40,909 -53.8%
2014 $42,943 -51.5%
2015 $45,147 -49.0%
2016 $47,503 -46.4%
2017 $50,067 -43.5%
2018 $52,835 -40.3%
2019 $55,285 -37.6%
2020 $58,143 -34.4%
2021 $66,132 -25.3%
2022 $77,095 -13.0%
2023 $81,300 -8.2%
2024 $86,003 -2.9%
2025 $88,567 0.0%

Graph: estimated home values in Albert Lea over time (USD)



Example: 100% financing house in Albert Lea

Loan amount: $88,567

Interest rate: 6.00%

Fixed monthly payment: $531.00

Breakdown in the 1st month:
Interest portion: $442.84  –  Principal portion: $88.17

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $5,284.43 $1,087.61 $87,479.39
2 $5,217.35 $1,154.69 $86,324.69
3 $5,146.13 $1,225.91 $85,098.78
4 $5,070.52 $1,301.53 $83,797.25
5 $4,990.25 $1,381.80 $82,415.45
6 $4,905.02 $1,467.03 $80,948.43
7 $4,814.54 $1,557.51 $79,390.91
8 $4,718.47 $1,653.57 $77,737.34
9 $4,616.48 $1,755.56 $75,981.78
10 $4,508.20 $1,863.84 $74,117.94
11 $4,393.25 $1,978.80 $72,139.14
12 $4,271.20 $2,100.85 $70,038.29
13 $4,141.62 $2,230.42 $67,807.86
14 $4,004.06 $2,367.99 $65,439.87
15 $3,858.00 $2,514.04 $62,925.83
16 $3,702.94 $2,669.10 $60,256.73
17 $3,538.32 $2,833.73 $57,423.00
18 $3,363.54 $3,008.51 $54,414.49
19 $3,177.98 $3,194.07 $51,220.42
20 $2,980.98 $3,391.07 $47,829.36
21 $2,771.83 $3,600.22 $44,229.13
22 $2,549.77 $3,822.28 $40,406.86
23 $2,314.02 $4,058.03 $36,348.83
24 $2,063.73 $4,308.32 $32,040.52
25 $1,798.00 $4,574.04 $27,466.48
26 $1,515.89 $4,856.16 $22,610.32
27 $1,216.37 $5,155.68 $17,454.64
28 $898.38 $5,473.67 $11,980.97
29 $560.78 $5,811.27 $6,169.70
30 $202.35 $6,169.70 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Albert Lea, MN


1500 sqft3900 sqft
Ø selling price$145,200$308,880
Ø fast selling$132,000$277,993
Ø high price sale$158,400$339,768

In 2026, houses in Albert Lea, MN will be offered at an average price of $80 per square foot. A 1,500 sqft home priced at $145,200 is 20.77% more expensive per square foot than a 3,900 sqft home priced at $308,880. Home prices in Albert Lea, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $213,841. Sellers who can wait longer may achieve a higher price of up to $261,361.


Discover Albert Lea, MN

Nestled in southern Minnesota, Albert Lea, MN is a lakeside city known for scenic beauty and welcoming Midwestern charm.
Located at the crossroads of I-35 and I-90, the community offers easy access for visitors and businesses across the Upper Midwest.

Outdoors and Attractions

Outdoor lovers gravitate to Myre-Big Island State Park, where hiking, birding, and year-round wildlife viewing surround the shores of Albert Lea Lake. Downtown attractions like the Marion Ross Performing Arts Center and local museums showcase arts, culture, and the city?s historic character. With fishing, paddling on Fountain Lake, and seasonal events such as the Big Island Rendezvous, there are plenty of things to do in Albert Lea for families and adventurers.

Living and Economy

Residents highlight a reasonable cost of living, established neighborhoods, and parks connected by trails that make living in Albert Lea convenient and active.
The local economy blends manufacturing, agribusiness, retail, and healthcare services, supporting a steady job market for skilled trades and professionals. Small businesses and eateries?from classic supper clubs to lakeside cafes?add flavor to weekend plans and bolster the downtown revival. Homebuyers will find a mix of historic homes and new builds, with real estate options that often compare favorably to larger Minnesota cities. Whether you are planning a getaway, relocating, or scouting investment opportunities, Albert Lea, Minnesota delivers a balanced mix of recreation, community, and accessibility.



FAQ – Home Values in Albert Lea

What is the median home value in Albert Lea in 2026?

In 2026, the typical home value in Albert Lea is about $88,567 for an average home size of 1120 square feet. This corresponds to an average price of roughly $80 per square foot.

What is the average cost per square foot in Albert Lea?

In 2026, homes in Albert Lea sell for an average of around $80 per square foot, with a typical range between $77 and $77 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Albert Lea is about 1120 square feet, with an estimated 2026 value around $88,567.



Locations close to Albert Lea, MN

Alden, MN128 $ / ft²
Amboy, MN191 $ / ft²
Belle Plaine, MN159 $ / ft²
Mankato, MN82 $ / ft²
Zumbrota, MN134 $ / ft²
Zumbro Falls, MN116 $ / ft²
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