Albert Lea, MN

Albert Lea, MN real estate market: appreciation, rent growth, cap rate, IRR, and property taxes.

Appreciation

: 3.4%/yr.

Rent growth

: 3.0%/yr.

Median cap rate

: 2.9%.

Median IRR

: 2.2%.

Median rental home value

: $84,300.

Median rental rate

: $849/mo.

Median property tax

: $1,907/yr.

Sources: FHFA House Price Index®, U.S. Census Bureau ACS 5-year estimates, and Rescover analysis of public single-family listings, updated October 2026.

Browse analyzed properties in Albert Lea, MN →

Top listings right now

521 Green Ave, Albert Lea, MN 56007 $129,900· 3 bd· 2 ba
2021 Tower Rd, Albert Lea, MN 56007 $124,900· 3 bd· 1 ba
212 E 5th St, Albert Lea, MN 56007 $124,800· 2 bd· 1.5 ba
506 Saint Peter Ave, Albert Lea, MN 56007 $120,000· 2 bd· 1 ba
176 Powers Ave N, Alden, MN 56009 $164,900· 3 bd· 2 ba
10923 Main St, Glenville, MN 56036 $119,900· 2 bd· 1 ba
510 Johnson St, Albert Lea, MN 56007 $124,900· 2 bd· 1 ba
504 Edgewood Ave, Albert Lea, MN 56007 $140,000· 3 bd· 1 ba
304 E 3rd St, Albert Lea, MN 56007 $149,900· 3 bd· 2 ba
410 Frank Hall Dr, Albert Lea, MN 56007 $154,900· 4 bd· 1.5 ba
90 5th Ave NW, Wells, MN 56097 $259,000· 4 bd· 2 ba
119 Se 6th St, Geneva, MN $304,900· 3 bd· 1 ba

ZIP codes in Albert Lea, MN

Rental market data for every ZIP code in this micro area.