Albert Lea Housing Market
$188,354
1.4% 1-yrThe average Albert Lea home value is $188,354, up 1.4% over the past year and goes to pending in around 33 days.
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Albert Lea Key Takeaways
Typical Home Values: $188,354
1-year Value Change: +1.4%
(Data through August 31, 2025)
Albert Lea Housing Market Overview
1.4%1-year Market Forecast(August 31, 2025)
127For sale inventory(August 31, 2025)
42New listings(August 31, 2025)
0.987Median sale to list ratio(July 31, 2025)
$208,150Median sale price(July 31, 2025)
$256,900Median list price(August 31, 2025)
30.9%Percent of sales over list price(July 31, 2025)
49.4%Percent of sales under list price(July 31, 2025)
33Median days to pending(August 31, 2025)
(Metric availability is based on market coverage and data)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Nearby Areas
- NameMedian ZHVI
- Owatonna$297,120
- Austin$200,599
- Mason City$195,300
- Faribault-Northfield$348,967
- Mankato-North Mankato$303,602
- Rochester$330,746
- Red Wing$323,816
- Fairmont--
- New Ulm$235,712
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Albert Lea Rental Market Trends
$909Average rent in Albert Lea(August 31, 2025)
$2,007National average rent(August 31, 2025)
--Month-over-month change
--Year-over-year change
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
