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market report · 56007
Albert Lea, MN · 56007
54 active listings$239,450 median ask$1,748 est. rent0.7% price/rent
$239,450
Median list price
$1,748/mo
Estimated rent
0.7%
Price / rent ratio
54
Listings
FHFA home price index · 2016–2025
76.6% cumulative change over the window. Source: FHFA ZIP-level HPI.
$1.01
Median rent / sqft
50 comps
$137.64
Median sold / sqft
50 comps
—
Walkability
3.8%
Area unemployment
BLS LAUS
Median household income $68,846 · median home value $166,900 · ACS 2024.
Natural-hazard risk Relatively Moderate (FEMA NRI score 77).
9 schools within ~4 km of the ZIP centroid.
top deals · highest rent-to-price
2403 Clayton Ave, Albert Lea, MN 56007
Albert Lea, MN
$43,000$1,344/mo3.1%
1205 James Ave, Albert Lea, MN 56007
Albert Lea, MN
$59,900$1,650/mo2.8%
805 E 18th St, Albert Lea, MN 56007
Albert Lea, MN
$67,000$1,736/mo2.6%
1306 Crestview Rd, Albert Lea, MN 56007
Albert Lea, MN
$95,000$1,646/mo1.7%
1405 S Broadway Ave, Albert Lea, MN 56007
Albert Lea, MN
$109,900$1,701/mo1.5%
918 Jefferson Ave, Albert Lea, MN 56007
Albert Lea, MN
$119,900$1,818/mo1.5%