Albert Lea, MN Housing Market

Albert Lea, MN's median home value is $198K, up 11.5% over the past year. Homes here sell in a median 59 days. Its PropertyIQ Score of 54 sits right around the state average of 50.

The Albert Lea, MN metropolitan area represents a distinct segment of MN's housing landscape. The PropertyIQ Score combines price momentum — how Zillow home values have trended over the past 3 and 12 months — with market-flow signals from Realtor.com that track how fast homes sell and how often sellers cut prices. The result is a single measure of how this market is positioned to outperform or lag its state over the next three years.

Midwestern housing markets are characterized by affordability and economic diversification. From manufacturing hubs undergoing tech-sector transitions to university towns with stable demand, the region offers value-oriented opportunities with lower entry costs than coastal markets. Within the Midwest, Albert Lea, MN's PropertyIQ Score of 54 tracks near the Midwest norm.

The PropertyIQ Score for the Albert Lea, MN market is built from four inputs: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all metro markets nationally and calibrated so 50 equals the state average — a score above 50 means this market is positioned to outperform its state, and a score below 50 means it is set to lag.

Use PropertyIQ's interactive analytics to compare Albert Lea, MN against any other US metro on its PropertyIQ Score and underlying metrics. Generate a free AI market report, explore historical trends on the graphs page, or see how this market ranks on the scores dashboard.